Public Employees Retirement System of Ohio Invests $3.98 Million in Nutanix $NTNX

Public Employees Retirement System of Ohio purchased a new stake in Nutanix (NASDAQ:NTNX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 78,026 shares of the technology company’s stock, valued at approximately $3,976,000.

Several other hedge funds and other institutional investors have also bought and sold shares of NTNX. CX Institutional raised its stake in Nutanix by 134.6% during the 2nd quarter. CX Institutional now owns 488 shares of the technology company’s stock worth $25,000 after buying an additional 280 shares during the period. Western Wealth Management LLC bought a new stake in shares of Nutanix in the first quarter worth about $27,000. New Millennium Group LLC acquired a new stake in shares of Nutanix during the fourth quarter worth about $28,000. Covestor Ltd raised its position 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 period. Finally, Harbour Investments Inc. lifted its holdings in shares of Nutanix by 159.4% during the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after purchasing an additional 502 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NTNX. Wells Fargo & Company increased their target price on Nutanix from $55.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 27th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Nutanix in a report on Tuesday, August 25th. Northland Securities set a $70.00 price objective on shares of Nutanix in a research report on Thursday, August 27th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Nutanix in a research report on Thursday, May 28th. Finally, JPMorgan Chase & Co. increased their target price on Nutanix from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Nutanix presently has an average rating of “Moderate Buy” and an average price target of $72.71.

Nutanix Price Performance

NASDAQ NTNX opened at $68.08 on Friday. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.92. Nutanix has a 12-month low of $34.01 and a 12-month high of $82.42. The company has a market capitalization of $18.40 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 3.79 and a beta of 0.62. The firm’s 50 day moving average is $59.78 and its 200-day moving average is $48.99.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, August 26th. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.49 by $0.11. The business had revenue of $757.08 million during the quarter, compared to analysts’ expectations of $738.27 million. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.37 earnings per share. Equities research analysts anticipate that Nutanix will post 1.02 earnings per share for the current fiscal year.

Nutanix Company Profile

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.