M&T Bank Corp Has $698,000 Holdings in Nutanix, Inc. (NASDAQ:NTNX)

M&T Bank Corp cut its stake in Nutanix, Inc. (NASDAQ:NTNX) by 8.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,776 shares of the technology company’s stock after selling 1,077 shares during the period. M&T Bank Corp’s holdings in Nutanix were worth $698,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Versor Investments LP increased its stake in Nutanix by 211.7% in the third quarter. Versor Investments LP now owns 33,352 shares of the technology company’s stock valued at $1,976,000 after acquiring an additional 22,652 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Nutanix by 47.5% in the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock valued at $84,308,000 after purchasing an additional 477,838 shares in the last quarter. Atreides Management LP bought a new position in shares of Nutanix in the 3rd quarter valued at $8,290,000. Resolute Capital Asset Partners LLC bought a new position in shares of Nutanix in the 2nd quarter valued at $2,274,000. Finally, Two Sigma Advisers LP raised its holdings in shares of Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after buying an additional 695,567 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on NTNX shares. Northland Securities reaffirmed a “market perform” rating and issued a $77.00 price objective (up from $74.00) on shares of Nutanix in a research note on Wednesday, November 27th. UBS Group started coverage on shares of Nutanix in a report on Thursday, December 12th. They set a “buy” rating and a $81.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Barclays boosted their target price on shares of Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, Needham & Company LLC upped their target price on Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $79.00.

Nutanix Trading Up 0.4 %

Shares of NTNX stock opened at $66.29 on Tuesday. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $75.80. The stock has a market cap of $17.76 billion, a price-to-earnings ratio of -189.40, a PEG ratio of 10.14 and a beta of 1.13. The stock has a 50-day moving average of $66.35 and a 200-day moving average of $59.02.

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.