VIRGINIA RETIREMENT SYSTEMS ET Al Sells 36,200 Shares of Nutanix $NTNX

VIRGINIA RETIREMENT SYSTEMS ET Al cut its holdings in shares of Nutanix (NASDAQ:NTNX) by 69.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,100 shares of the technology company’s stock after selling 36,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Nutanix were worth $832,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NTNX. AQR Capital Management LLC boosted its position in Nutanix by 40.6% during the third quarter. AQR Capital Management LLC now owns 6,626,271 shares of the technology company’s stock valued at $492,928,000 after purchasing an additional 1,914,005 shares in the last quarter. M&T Bank Corp boosted its stake in Nutanix by 17,534.8% in the fourth quarter. M&T Bank Corp now owns 1,281,342 shares of the technology company’s stock valued at $66,233,000 after acquiring an additional 1,274,076 shares in the last quarter. Vanguard Group Inc. boosted its stake in Nutanix by 4.6% in the third quarter. Vanguard Group Inc. now owns 26,682,475 shares of the technology company’s stock valued at $1,984,909,000 after acquiring an additional 1,167,193 shares in the last quarter. Northern Trust Corp boosted its stake in Nutanix by 48.9% in the third quarter. Northern Trust Corp now owns 2,357,148 shares of the technology company’s stock valued at $175,348,000 after acquiring an additional 774,572 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in 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 acquiring an additional 653,042 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NTNX shares. Piper Sandler lowered their target price on shares of Nutanix from $72.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Rosenblatt Securities started coverage on shares of Nutanix in a research note on Thursday, April 2nd. They set a “buy” rating and a $60.00 price objective for the company. Morgan Stanley lowered their price objective on shares of Nutanix from $62.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 24th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $44.00 price objective on shares of Nutanix in a research note on Friday, April 10th. Finally, The Goldman Sachs Group lowered their price objective on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Nutanix currently has an average rating of “Moderate Buy” and an average price target of $60.87.

Nutanix Stock Performance

Shares of NASDAQ:NTNX opened at $46.34 on Monday. Nutanix has a 12-month low of $34.01 and a 12-month high of $83.36. The company has a market capitalization of $12.29 billion, a PE ratio of 50.37, a PEG ratio of 5.18 and a beta of 0.54. The business has a 50 day moving average of $40.51 and a two-hundred day moving average of $46.89.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.12. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.The company had revenue of $722.83 million during the quarter, compared to the consensus estimate of $709.83 million. During the same period in the previous year, the company posted $0.47 earnings per share. Nutanix’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts predict that Nutanix will post 0.56 earnings per share 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.