PNC Financial Services Group Inc. Has $581,000 Stock Position in Nutanix $NTNX

PNC Financial Services Group Inc. boosted its holdings in Nutanix (NASDAQ:NTNX) by 22.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,606 shares of the technology company’s stock after buying an additional 1,390 shares during the period. PNC Financial Services Group Inc.’s holdings in Nutanix were worth $581,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NTNX. Twin Tree Management LP acquired a new stake in shares of Nutanix in the first quarter worth $29,000. SouthState Corp bought a new stake in Nutanix in the 1st quarter valued at $32,000. Farther Finance Advisors LLC grew its position in Nutanix by 42.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $38,000 after purchasing an additional 150 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Nutanix during the 2nd quarter worth about $45,000. Finally, Banque Transatlantique SA bought a new position in shares of Nutanix during the 1st quarter worth about $46,000. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Teresa Gayle Sheppard sold 3,500 shares of Nutanix stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $76.48, for a total transaction of $267,680.00. Following the completion of the transaction, the director directly owned 22,400 shares of the company’s stock, valued at $1,713,152. This trade represents a 13.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Rukmini Sivaraman sold 11,391 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $78.34, for a total transaction of $892,370.94. Following the sale, the chief financial officer directly owned 254,637 shares in the company, valued at $19,948,262.58. This represents a 4.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 159,598 shares of company stock worth $12,218,560 in the last quarter. 2.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NTNX has been the topic of a number of recent research reports. Wells Fargo & Company decreased their target price on Nutanix from $85.00 to $71.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 28th. JPMorgan Chase & Co. reduced their price objective on Nutanix from $81.00 to $78.00 and set an “overweight” rating for the company in a research report on Monday, November 17th. Needham & Company LLC lowered their price objective on Nutanix from $92.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, August 28th. Oppenheimer initiated coverage on Nutanix in a research note on Monday, November 17th. They issued an “outperform” rating and a $90.00 target price for the company. Finally, Northland Capmk downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.80.

Nutanix Trading Down 1.7%

Shares of NTNX opened at $57.62 on Friday. The stock has a market cap of $15.49 billion, a PE ratio of 90.03, a PEG ratio of 6.55 and a beta of 0.54. Nutanix has a 1 year low of $54.66 and a 1 year high of $83.36. The stock has a 50 day simple moving average of $70.58 and a 200-day simple moving average of $73.02.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. The firm had revenue of $653.27 million for the quarter, compared to analysts’ expectations of $642.48 million. Nutanix had a negative return on equity of 28.01% and a net margin of 7.42%.The business’s revenue was up 19.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 earnings per share. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, sell-side analysts forecast that Nutanix will post 0.31 EPS for the current fiscal year.

About Nutanix

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.