Public Employees Retirement System of Ohio Purchases Shares of 78,026 Nutanix $NTNX

Public Employees Retirement System of Ohio purchased a new position in shares of Nutanix (NASDAQ:NTNX) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 78,026 shares of the technology company’s stock, valued at approximately $3,976,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NTNX. CX Institutional boosted its holdings in shares of Nutanix by 134.6% in the 2nd quarter. CX Institutional now owns 488 shares of the technology company’s stock valued at $25,000 after buying an additional 280 shares during the last quarter. New Millennium Group LLC acquired a new position in Nutanix during the fourth quarter worth $28,000. Western Wealth Management LLC acquired a new position in Nutanix during the first quarter worth $27,000. Covestor Ltd raised its position in Nutanix by 73.1% during the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after acquiring an additional 324 shares in the last quarter. Finally, Harbour Investments Inc. lifted its stake in Nutanix by 159.4% in the fourth quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after acquiring an additional 502 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of NTNX stock opened at $68.08 on Friday. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42. The company has a market capitalization of $18.40 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 3.79 and a beta of 0.62. The company has a 50-day simple moving average of $59.78 and a 200 day simple moving average of $48.99. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.78 and a current ratio of 1.80.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.11. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. The firm had revenue of $757.08 million during the quarter, compared to the consensus estimate of $738.27 million. During the same period last year, the business posted $0.37 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, sell-side analysts predict that Nutanix will post 1.02 earnings per share for the current year.

Analysts Set New Price Targets

NTNX has been the topic of several recent analyst reports. Bank of America restated a “buy” rating on shares of Nutanix in a research note on Thursday, August 27th. KeyCorp raised their target price on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, August 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Nutanix in a research report on Wednesday, June 24th. Piper Sandler restated an “overweight” rating and issued a $75.00 price objective (up from $60.00) on shares of Nutanix in a research note on Thursday, August 27th. Finally, Royal Bank Of Canada lifted their target price on Nutanix from $84.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.71.

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.