New York State Teachers Retirement System Cuts Position in Nutanix $NTNX

New York State Teachers Retirement System trimmed its holdings in shares of Nutanix (NASDAQ:NTNX) by 9.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,415 shares of the technology company’s stock after selling 20,305 shares during the period. New York State Teachers Retirement System’s holdings in Nutanix were worth $7,808,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Nordea Investment Management AB grew its stake in shares of Nutanix by 22.8% in the fourth quarter. Nordea Investment Management AB now owns 3,517,888 shares of the technology company’s stock valued at $181,734,000 after buying an additional 653,042 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Nutanix by 1,196.7% in the 4th quarter. SG Americas Securities LLC now owns 139,509 shares of the technology company’s stock worth $7,211,000 after acquiring an additional 128,750 shares during the period. Ossiam boosted its holdings in Nutanix by 85.5% in the 3rd quarter. Ossiam now owns 139,672 shares of the technology company’s stock worth $10,390,000 after acquiring an additional 64,392 shares during the period. Katamaran Capital LLP grew its position in Nutanix by 270.0% in the fourth quarter. Katamaran Capital LLP now owns 86,094 shares of the technology company’s stock valued at $4,450,000 after acquiring an additional 62,825 shares in the last quarter. Finally, Generali Asset Management SPA SGR acquired a new stake in Nutanix in the fourth quarter valued at approximately $1,800,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on NTNX shares. Rosenblatt Securities reissued a “buy” rating and set a $60.00 target price on shares of Nutanix in a research report on Friday, May 29th. Bank of America raised their price target on shares of Nutanix from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, May 28th. William Blair reaffirmed a “market perform” rating on shares of Nutanix in a research note on Monday, March 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a report on Wednesday, June 24th. Finally, Barclays upped their price objective on shares of Nutanix from $47.00 to $53.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Nutanix presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Nutanix Stock Up 3.8%

Shares of NTNX traded up $2.00 during trading on Tuesday, reaching $54.42. The company’s stock had a trading volume of 567,301 shares, compared to its average volume of 4,356,157. The company has a market cap of $14.71 billion, a price-to-earnings ratio of 57.10, a P/E/G ratio of 4.52 and a beta of 0.61. The company has a fifty day moving average of $47.84 and a two-hundred day moving average of $44.63. Nutanix has a twelve month low of $34.01 and a twelve month high of $82.42.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. The business had revenue of $364.94 million during the quarter, compared to analyst estimates of $686.34 million. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 earnings per share. As a group, equities analysts forecast that Nutanix will post 0.71 EPS 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.