New York State Common Retirement Fund Sells 67,480 Shares of Nutanix, Inc. (NASDAQ:NTNX)

New York State Common Retirement Fund cut its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,222,637 shares of the technology company’s stock after selling 67,480 shares during the period. New York State Common Retirement Fund’s holdings in Nutanix were worth $58,308,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BluePath Capital Management LLC purchased a new position in Nutanix during the third quarter valued at $31,000. Fifth Third Bancorp purchased a new position in shares of Nutanix in the fourth quarter valued at about $62,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Nutanix in the third quarter valued at about $107,000. Quintet Private Bank Europe S.A. purchased a new position in shares of Nutanix in the third quarter valued at about $143,000. Finally, CWM LLC lifted its position in shares of Nutanix by 7.8% in the third quarter. CWM LLC now owns 4,527 shares of the technology company’s stock valued at $158,000 after acquiring an additional 328 shares in the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays boosted their price objective on Nutanix from $49.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. William Blair upgraded Nutanix from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 17th. Susquehanna boosted their price objective on Nutanix from $60.00 to $75.00 and gave the company a “positive” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their price objective on Nutanix from $54.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Finally, Needham & Company LLC boosted their target price on Nutanix from $62.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.17.

Nutanix Stock Up 2.0 %

Shares of NASDAQ:NTNX opened at $61.07 on Wednesday. Nutanix, Inc. has a 52-week low of $23.34 and a 52-week high of $66.99. The stock has a market cap of $14.92 billion, a P/E ratio of -169.64 and a beta of 1.29. The business’s 50 day moving average is $62.02 and its 200 day moving average is $51.13.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $565.23 million during the quarter, compared to the consensus estimate of $551.82 million. On average, sell-side analysts anticipate that Nutanix, Inc. will post -0.04 EPS for the current fiscal year.

Insider Buying and Selling at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 53,029 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the completion of the sale, the chief financial officer now directly owns 144,635 shares of the company’s stock, valued at $9,368,008.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Rukmini Sivaraman sold 53,029 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total value of $3,434,688.33. Following the sale, the chief financial officer now directly owns 144,635 shares in the company, valued at approximately $9,368,008.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven J. Gomo sold 25,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the completion of the sale, the director now owns 3,962 shares in the company, valued at $254,003.82. The disclosure for this sale can be found here. Insiders have sold 129,506 shares of company stock worth $8,270,938 over the last quarter. Insiders own 0.46% of the company’s stock.

About Nutanix

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.