VIRGINIA RETIREMENT SYSTEMS ET Al Sells 14,900 Shares of Nutanix $NTNX

VIRGINIA RETIREMENT SYSTEMS ET Al cut its holdings in Nutanix (NASDAQ:NTNX) by 22.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,300 shares of the technology company’s stock after selling 14,900 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Nutanix were worth $3,891,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its stake in shares of Nutanix by 30.8% in the 2nd quarter. AQR Capital Management LLC now owns 4,712,266 shares of the technology company’s stock valued at $360,206,000 after purchasing an additional 1,108,261 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Nutanix by 0.6% in the second quarter. Geode Capital Management LLC now owns 4,549,909 shares of the technology company’s stock worth $346,720,000 after buying an additional 25,918 shares during the last quarter. Jericho Capital Asset Management L.P. lifted its position in shares of Nutanix by 46.8% in the first quarter. Jericho Capital Asset Management L.P. now owns 4,102,993 shares of the technology company’s stock worth $286,430,000 after buying an additional 1,308,357 shares during the last quarter. Norges Bank bought a new stake in shares of Nutanix during the 2nd quarter worth about $263,938,000. Finally, Marshall Wace LLP increased its holdings in shares of Nutanix by 75.9% during the 2nd quarter. Marshall Wace LLP now owns 3,279,107 shares of the technology company’s stock valued at $250,655,000 after acquiring an additional 1,415,117 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Nutanix Price Performance

NASDAQ NTNX opened at $51.69 on Friday. The company’s fifty day moving average is $57.32 and its two-hundred day moving average is $67.48. Nutanix has a 52-week low of $46.12 and a 52-week high of $83.36. The firm has a market capitalization of $13.98 billion, a price-to-earnings ratio of 68.92, a P/E/G ratio of 5.50 and a beta of 0.49.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NTNX. Oppenheimer assumed coverage on Nutanix in a research report on Monday, November 17th. They set an “outperform” rating and a $90.00 target price for the company. KeyCorp decreased their price objective on shares of Nutanix from $95.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. The Goldman Sachs Group lowered their target price on shares of Nutanix from $95.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Barclays restated an “overweight” rating and set a $64.00 price target on shares of Nutanix in a report on Wednesday, November 26th. Finally, Northland Capmk lowered Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.13.

Nutanix 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.