California State Teachers Retirement System Grows Position in Nutanix, Inc. (NASDAQ:NTNX)

California State Teachers Retirement System increased its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 64.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 384,469 shares of the technology company's stock after acquiring an additional 151,308 shares during the quarter. California State Teachers Retirement System owned approximately 0.14% of Nutanix worth $23,522,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Janney Montgomery Scott LLC grew its stake in Nutanix by 5.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 36,206 shares of the technology company's stock valued at $2,215,000 after acquiring an additional 1,723 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in Nutanix in the 4th quarter valued at $299,000. Blue Trust Inc. boosted its holdings in Nutanix by 27.5% during the fourth quarter. Blue Trust Inc. now owns 2,600 shares of the technology company's stock worth $154,000 after purchasing an additional 561 shares during the last quarter. Pacer Advisors Inc. grew its position in Nutanix by 1,555.9% in the 4th quarter. Pacer Advisors Inc. now owns 74,203 shares of the technology company's stock worth $4,540,000 after purchasing an additional 69,722 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Nutanix by 24.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 146,261 shares of the technology company's stock valued at $8,948,000 after buying an additional 29,074 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Price Performance

NASDAQ NTNX traded up $0.27 on Monday, reaching $76.96. 1,197,169 shares of the company's stock traded hands, compared to its average volume of 2,537,276. The stock has a market cap of $20.52 billion, a PE ratio of -219.80, a P/E/G ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $83.36. The stock has a 50-day simple moving average of $70.30 and a 200 day simple moving average of $68.79.

Insider Activity at Nutanix

In other news, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value of $409,805,000.00. Following the sale, the director now directly owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This trade represents a 32.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rajiv Ramaswami sold 61,057 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total value of $4,823,503.00. Following the completion of the sale, the chief executive officer now directly owns 497,309 shares of the company's stock, valued at $39,287,411. The trade was a 10.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,568,797 shares of company stock valued at $415,209,003. Insiders own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Barclays set a $94.00 price objective on shares of Nutanix and gave the company an "overweight" rating in a research note on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and issued a $92.00 price objective on shares of Nutanix in a research report on Thursday. Oppenheimer boosted their target price on Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Raymond James cut Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $90.38.

Nutanix Company Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers' enterprise infrastructure.