New York State Common Retirement Fund Reduces Position in Nutanix, Inc. (NASDAQ:NTNX)

New York State Common Retirement Fund lowered its position in Nutanix, Inc. (NASDAQ:NTNX) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,222,637 shares of the technology company’s stock after selling 67,480 shares during the quarter. New York State Common Retirement Fund owned approximately 0.50% of Nutanix worth $58,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. FMR LLC grew its stake in shares of Nutanix by 1.6% in the 3rd quarter. FMR LLC now owns 35,942,093 shares of the technology company’s stock valued at $1,253,660,000 after purchasing an additional 578,189 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new stake in shares of Nutanix in the third quarter valued at about $82,421,000. Charles Schwab Investment Management Inc. raised its holdings in Nutanix by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,036,613 shares of the technology company’s stock worth $71,037,000 after purchasing an additional 112,363 shares in the last quarter. Northern Trust Corp raised its holdings in 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 purchasing an additional 47,899 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in Nutanix by 61.4% in the fourth quarter. Federated Hermes Inc. now owns 1,295,112 shares of the technology company’s stock valued at $61,764,000 after purchasing an additional 492,463 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nutanix

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NTNX shares. Royal Bank of Canada boosted their target price on Nutanix from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Piper Sandler raised their price objective on shares of Nutanix from $67.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. StockNews.com lowered Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 12th. Needham & Company LLC upped their target price on Nutanix from $62.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, William Blair raised Nutanix from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $65.17.

Nutanix Stock Up 2.0 %

NTNX stock opened at $61.07 on Wednesday. The company has a market cap of $14.92 billion, a price-to-earnings ratio of -169.64 and a beta of 1.29. The business has a fifty day simple moving average of $62.02 and a 200-day simple moving average of $51.13. Nutanix, Inc. has a 52 week low of $23.34 and a 52 week high of $66.99.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 EPS for the quarter. The firm had revenue of $565.23 million for the quarter, compared to analyst estimates of $551.82 million. As a group, analysts expect that Nutanix, Inc. will post -0.04 earnings per share for the current fiscal year.

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.