Charles Schwab Investment Management Inc. Grows Stake in Nutanix, Inc. (NASDAQ:NTNX)

Charles Schwab Investment Management Inc. grew its position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,151,300 shares of the technology company's stock after purchasing an additional 114,687 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.89% of Nutanix worth $102,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. FMR LLC boosted its position in shares of Nutanix by 1.6% during the third quarter. FMR LLC now owns 35,942,093 shares of the technology company's stock worth $1,253,660,000 after acquiring an additional 578,189 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new position in shares of Nutanix during the third quarter worth $82,421,000. Northern Trust Corp boosted its position in shares of Nutanix by 3.5% during the third quarter. Northern Trust Corp now owns 1,423,188 shares of the technology company's stock worth $49,641,000 after acquiring an additional 47,899 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Nutanix by 61.4% during the fourth quarter. Federated Hermes Inc. now owns 1,295,112 shares of the technology company's stock worth $61,764,000 after acquiring an additional 492,463 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Nutanix by 43.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 954,945 shares of the technology company's stock worth $33,308,000 after acquiring an additional 290,256 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Nutanix Price Performance

Shares of NTNX traded down $1.99 during midday trading on Monday, hitting $65.59. The stock had a trading volume of 1,357,119 shares, compared to its average volume of 2,596,731. Nutanix, Inc. has a 1 year low of $24.81 and a 1 year high of $68.64. The firm has a market cap of $16.03 billion, a PE ratio of -181.92 and a beta of 1.27. The stock's 50 day moving average is $63.19 and its 200 day moving average is $53.53.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The firm had revenue of $565.23 million during the quarter, compared to analysts' expectations of $551.82 million. As a group, equities research analysts expect that Nutanix, Inc. will post -0.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Rukmini Sivaraman sold 53,029 shares of the firm's stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total value of $3,434,688.33. Following the transaction, the chief financial officer now owns 144,635 shares of the company's stock, valued at approximately $9,368,008.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Nutanix news, insider Tyler Wall sold 15,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $62.25, for a total transaction of $933,750.00. Following the transaction, the insider now directly owns 13,168 shares in the company, valued at approximately $819,708. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Rukmini Sivaraman sold 53,029 shares of the stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the transaction, the chief financial officer now owns 144,635 shares in the company, valued at $9,368,008.95. The disclosure for this sale can be found here. Insiders have sold 129,506 shares of company stock valued at $8,270,938 in the last 90 days. Company insiders own 0.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NTNX. Royal Bank of Canada upped their target price on shares of Nutanix from $68.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, February 29th. KeyCorp increased their price objective on shares of Nutanix from $68.00 to $69.00 and gave the company an "overweight" rating in a research report on Thursday, February 29th. William Blair upgraded shares of Nutanix from a "market perform" rating to an "outperform" rating in a research report on Wednesday, January 17th. Bank of America increased their price objective on shares of Nutanix from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Nutanix from $54.00 to $65.00 and gave the company an "overweight" rating in a research report on Monday, February 26th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Nutanix currently has a consensus rating of "Moderate Buy" and an average target price of $65.69.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.