Cullen Frost Bankers Inc. Boosts Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Cullen Frost Bankers Inc. raised its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 55.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,485 shares of the technology company’s stock after buying an additional 4,450 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Nutanix were worth $710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Nutanix during the second quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Nutanix during the 4th quarter valued at about $29,000. Kapitalo Investimentos Ltda purchased a new position in shares of Nutanix during the fourth quarter valued at about $37,000. GAMMA Investing LLC increased its holdings in shares of Nutanix by 35.2% in the second quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after purchasing an additional 243 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Nutanix in the first quarter worth about $64,000. Institutional investors own 85.25% of the company’s stock.

Insider Transactions at Nutanix

In other news, CFO Rukmini Sivaraman sold 12,566 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total value of $668,762.52. Following the transaction, the chief financial officer now directly owns 144,902 shares in the company, valued at $7,711,684.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Nutanix news, CFO Rukmini Sivaraman sold 12,566 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total value of $668,762.52. Following the completion of the sale, the chief financial officer now directly owns 144,902 shares of the company’s stock, valued at approximately $7,711,684.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO David Sangster sold 10,384 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $562,708.96. Following the transaction, the chief operating officer now directly owns 64,333 shares in the company, valued at $3,486,205.27. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,936 shares of company stock worth $2,531,273. 0.46% of the stock is currently owned by insiders.

Nutanix Stock Performance

NTNX opened at $60.09 on Monday. The business has a fifty day moving average of $53.60 and a 200 day moving average of $58.93. Nutanix, Inc. has a 52-week low of $33.30 and a 52-week high of $73.69.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Royal Bank of Canada lifted their price objective on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Northland Capmk downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. Raymond James lifted their price objective on shares of Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Northland Securities upped their target price on shares of Nutanix from $71.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, August 30th. Finally, Morgan Stanley increased their price target on shares of Nutanix from $62.00 to $71.00 and gave the company an “equal weight” rating in a report on Thursday, August 29th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $73.31.

Nutanix 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.