Nutanix $NTNX Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in shares of Nutanix (NASDAQ:NTNX) by 9.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 205,415 shares of the technology company’s stock after selling 20,305 shares during the period. New York State Teachers Retirement System owned 0.08% of Nutanix worth $7,808,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Utah Retirement Systems raised its holdings in Nutanix by 0.6% in the 4th quarter. Utah Retirement Systems now owns 42,355 shares of the technology company’s stock valued at $2,189,000 after acquiring an additional 257 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Nutanix by 0.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 93,016 shares of the technology company’s stock worth $4,868,000 after purchasing an additional 260 shares during the period. Summit Securities Group LLC boosted its holdings in shares of Nutanix by 26.4% during the fourth quarter. Summit Securities Group LLC now owns 1,356 shares of the technology company’s stock worth $70,000 after purchasing an additional 283 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Nutanix by 73.1% during the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after purchasing an additional 324 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Nutanix by 26.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,556 shares of the technology company’s stock worth $80,000 after purchasing an additional 330 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NTNX shares. Wells Fargo & Company upped their target price on Nutanix from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. UBS Group raised their price target on Nutanix from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Bank of America raised their price target on Nutanix from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. The Goldman Sachs Group restated a “buy” rating on shares of Nutanix in a report on Thursday, May 28th. Finally, Barclays upped their price objective on shares of Nutanix from $47.00 to $53.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Nutanix Stock Up 3.8%

Shares of NASDAQ NTNX traded up $2.00 during trading on Tuesday, hitting $54.42. 567,301 shares of the company traded hands, compared to its average volume of 4,356,157. The firm has a market capitalization of $14.71 billion, a P/E ratio of 57.10, a P/E/G ratio of 4.52 and a beta of 0.61. The company has a 50-day moving average price of $47.84 and a 200-day moving average price of $44.63. Nutanix has a 1 year low of $34.01 and a 1 year high of $82.42.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.12. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The business had revenue of $364.94 million for the quarter, compared to analyst estimates of $686.34 million. During the same period last year, the company posted $0.22 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. Research analysts predict that Nutanix will post 0.71 EPS for the current fiscal year.

About Nutanix

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.