New York State Teachers Retirement System Sells 6,426 Shares of Nutanix (NASDAQ:NTNX)

New York State Teachers Retirement System reduced its holdings in shares of Nutanix (NASDAQ:NTNX - Free Report) by 43.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,408 shares of the technology company's stock after selling 6,426 shares during the quarter. New York State Teachers Retirement System's holdings in Nutanix were worth $587,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Harbour Investments Inc. grew its stake in shares of Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after acquiring an additional 418 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Nutanix by 78.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after buying an additional 191 shares during the last quarter. Colonial Trust Co SC acquired a new stake in shares of Nutanix in the 4th quarter valued at approximately $28,000. Fifth Third Bancorp boosted its holdings in shares of Nutanix by 98.4% in the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock valued at $35,000 after buying an additional 250 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Nutanix by 28.6% in the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock valued at $40,000 after buying an additional 146 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Nutanix Trading Down 1.6%

NTNX stock traded down $1.21 during trading hours on Friday, hitting $72.40. 2,055,078 shares of the stock were exchanged, compared to its average volume of 2,525,289. The firm has a market capitalization of $19.41 billion, a P/E ratio of 156.22, a P/E/G ratio of 7.07 and a beta of 0.67. The company has a 50-day simple moving average of $76.34 and a two-hundred day simple moving average of $70.32. Nutanix has a 12 month low of $43.35 and a 12 month high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. The firm had revenue of $638.98 million for the quarter, compared to analysts' expectations of $626.12 million. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. The company's quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. On average, equities research analysts predict that Nutanix will post 0.31 earnings per share for the current year.

Insider Transactions at Nutanix

In related news, Director Virginia Gambale sold 7,000 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $78.00, for a total value of $546,000.00. Following the transaction, the director owned 38,330 shares in the company, valued at approximately $2,989,740. This trade represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the chief executive officer owned 497,309 shares in the company, valued at $39,287,411. The trade was a 10.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,552,549 shares of company stock worth $426,621,281 over the last quarter. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Needham & Company LLC reissued a "buy" rating and issued a $92.00 price objective on shares of Nutanix in a report on Thursday, May 29th. KeyCorp assumed coverage on Nutanix in a report on Thursday, June 26th. They issued an "overweight" rating and a $95.00 price objective for the company. Morgan Stanley reissued an "overweight" rating and issued a $90.00 price objective (up previously from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Susquehanna increased their price objective on Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a report on Thursday, May 29th. Finally, Piper Sandler reissued an "overweight" rating and issued a $88.00 price objective (up previously from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $90.71.

About Nutanix

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.