Nutanix $NTNX Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System boosted its stake in Nutanix (NASDAQ:NTNX) by 9.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 505,597 shares of the technology company’s stock after acquiring an additional 44,660 shares during the quarter. California Public Employees Retirement System owned 0.19% of Nutanix worth $38,648,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTNX. PNC Financial Services Group Inc. lifted its holdings in Nutanix by 15.1% during the first quarter. PNC Financial Services Group Inc. now owns 6,216 shares of the technology company’s stock valued at $434,000 after purchasing an additional 816 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Nutanix by 1.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,467,177 shares of the technology company’s stock worth $102,424,000 after purchasing an additional 24,372 shares during the last quarter. Townsquare Capital LLC purchased a new position in Nutanix in the 1st quarter valued at about $301,000. Entropy Technologies LP acquired a new stake in Nutanix in the 1st quarter worth about $694,000. Finally, Nuveen LLC acquired a new stake in Nutanix in the 1st quarter worth about $86,949,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Insider Buying and Selling at Nutanix

In other news, CEO Rajiv Ramaswami sold 144,707 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $76.42, for a total value of $11,058,508.94. Following the transaction, the chief executive officer owned 524,608 shares of the company’s stock, valued at $40,090,543.36. This represents a 21.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Teresa Gayle Sheppard sold 3,500 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $76.48, for a total value of $267,680.00. Following the transaction, the director owned 22,400 shares of the company’s stock, valued at approximately $1,713,152. This represents a 13.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 159,598 shares of company stock worth $12,218,560 over the last quarter. 2.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NTNX has been the subject of a number of research analyst reports. Bank of America reduced their target price on Nutanix from $93.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Wells Fargo & Company reduced their price objective on Nutanix from $71.00 to $57.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 26th. Northland Securities decreased their price objective on Nutanix from $76.00 to $53.00 and set a “market perform” rating on the stock in a report on Wednesday, November 26th. Morgan Stanley dropped their target price on shares of Nutanix from $90.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Finally, Needham & Company LLC reduced their target price on shares of Nutanix from $80.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Nutanix presently has an average rating of “Moderate Buy” and an average target price of $75.13.

Nutanix Price Performance

NASDAQ:NTNX opened at $47.89 on Thursday. The company’s 50-day moving average is $63.46 and its two-hundred day moving average is $70.28. Nutanix has a 1-year low of $46.12 and a 1-year high of $83.36. The firm has a market capitalization of $12.87 billion, a price-to-earnings ratio of 63.85, a PEG ratio of 5.02 and a beta of 0.53.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Tuesday, November 25th. The technology company reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. Nutanix had a net margin of 8.43% and a negative return on equity of 32.95%. The firm had revenue of $670.58 million for the quarter, compared to analyst estimates of $677.23 million. During the same quarter in the previous year, the company earned $0.42 EPS. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, equities analysts anticipate that Nutanix will post 0.31 earnings per share for the current fiscal year.

Nutanix Company Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.