Nutanix, Inc. (NASDAQ:NTNX) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System increased its holdings in Nutanix, Inc. (NASDAQ:NTNXGet Rating) by 1.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 442,209 shares of the technology company’s stock after acquiring an additional 7,185 shares during the quarter. California Public Employees Retirement System’s holdings in Nutanix were worth $6,470,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vident Investment Advisory LLC raised its stake in Nutanix by 5.7% during the first quarter. Vident Investment Advisory LLC now owns 11,627 shares of the technology company’s stock valued at $312,000 after buying an additional 630 shares in the last quarter. US Bancorp DE raised its stake in Nutanix by 41.8% during the second quarter. US Bancorp DE now owns 2,716 shares of the technology company’s stock valued at $40,000 after buying an additional 801 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in Nutanix by 33.4% during the second quarter. Loomis Sayles & Co. L P now owns 3,732 shares of the technology company’s stock valued at $55,000 after buying an additional 935 shares in the last quarter. Arizona State Retirement System raised its stake in Nutanix by 1.8% during the second quarter. Arizona State Retirement System now owns 58,188 shares of the technology company’s stock valued at $851,000 after buying an additional 1,056 shares in the last quarter. Finally, Fort Sheridan Advisors LLC raised its stake in Nutanix by 7.1% during the first quarter. Fort Sheridan Advisors LLC now owns 16,858 shares of the technology company’s stock valued at $452,000 after buying an additional 1,121 shares in the last quarter. Institutional investors and hedge funds own 77.48% of the company’s stock.

Insider Buying and Selling at Nutanix

In other Nutanix news, COO David Sangster sold 24,085 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $22.93, for a total transaction of $552,269.05. Following the completion of the transaction, the chief operating officer now directly owns 199,763 shares of the company’s stock, valued at approximately $4,580,565.59. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Rajiv Ramaswami sold 5,000 shares of the stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $22.90, for a total transaction of $114,500.00. Following the completion of the sale, the chief executive officer now owns 267,576 shares in the company, valued at approximately $6,127,490.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO David Sangster sold 24,085 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of $22.93, for a total value of $552,269.05. Following the sale, the chief operating officer now owns 199,763 shares of the company’s stock, valued at approximately $4,580,565.59. The disclosure for this sale can be found here. In the last ninety days, insiders sold 112,852 shares of company stock valued at $2,587,546. 0.43% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on NTNX. Piper Sandler upped their price objective on Nutanix from $25.00 to $29.00 in a research note on Thursday, September 1st. Barclays upped their target price on Nutanix to $29.00 in a report on Monday. Morgan Stanley upped their target price on Nutanix from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Tuesday, October 11th. Royal Bank of Canada upped their target price on Nutanix from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, September 1st. Finally, KeyCorp upped their target price on Nutanix from $26.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, October 24th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $27.67.

Nutanix Price Performance

Shares of NTNX stock opened at $28.76 on Friday. The business has a 50 day simple moving average of $25.03 and a 200 day simple moving average of $20.08. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of -7.88 and a beta of 1.24. Nutanix, Inc. has a 12-month low of $13.44 and a 12-month high of $35.56.

Nutanix (NASDAQ:NTNXGet Rating) last issued its quarterly earnings results on Wednesday, August 31st. The technology company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.21. The firm had revenue of $385.50 million for the quarter, compared to the consensus estimate of $356.14 million. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.68) earnings per share. On average, equities analysts anticipate that Nutanix, Inc. will post -1.41 EPS for the current fiscal year.

Nutanix Company Profile

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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.

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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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