Nutanix (NASDAQ:NTNX) Stock Position Reduced by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its stake in Nutanix (NASDAQ:NTNX - Free Report) by 43.3% in the first quarter, according to the company in 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 quarter.

A number of other institutional investors also recently modified their holdings of NTNX. Harbour Investments Inc. boosted its position in Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after purchasing an additional 418 shares during the last quarter. Colonial Trust Co SC purchased a new stake in shares of Nutanix during the 4th quarter worth about $28,000. MassMutual Private Wealth & Trust FSB grew its stake 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 in the last quarter. Fifth Third Bancorp increased its holdings in Nutanix by 98.4% in the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock worth $35,000 after buying an additional 250 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock valued at $40,000 after acquiring an additional 146 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Insider Transactions at Nutanix

In other news, CEO Rajiv Ramaswami sold 1,925 shares of the stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total value of $144,375.00. Following the completion of the transaction, the chief executive officer owned 518,561 shares in the company, valued at approximately $38,892,075. This represents a 0.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Rukmini Sivaraman sold 2,100 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $72.73, for a total transaction of $152,733.00. Following the transaction, the chief financial officer directly owned 209,070 shares of the company's stock, valued at $15,205,661.10. The trade was a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,552,549 shares of company stock valued at $426,621,281. Company insiders own 6.80% of the company's stock.

Nutanix Price Performance

Shares of Nutanix stock opened at $73.61 on Friday. The company has a market cap of $19.73 billion, a PE ratio of 156.22, a price-to-earnings-growth ratio of 7.07 and a beta of 0.67. The firm has a fifty day moving average price of $76.34 and a two-hundred day moving average price of $70.32. Nutanix has a fifty-two week low of $43.35 and a fifty-two week high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. The business had revenue of $638.98 million during the quarter, compared to analysts' expectations of $626.12 million. During the same quarter last year, the company earned $0.28 earnings per share. The firm's revenue was up 21.8% on a year-over-year basis. Analysts expect that Nutanix will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on NTNX shares. Needham & Company LLC reissued a "buy" rating and issued a $92.00 target price on shares of Nutanix in a research report on Thursday, May 29th. Morgan Stanley reiterated an "overweight" rating and issued a $90.00 price objective (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Susquehanna raised their target price on Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a report on Thursday, May 29th. Raymond James Financial downgraded Nutanix from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 20th. Finally, Wall Street Zen lowered Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Nutanix presently has an average rating of "Moderate Buy" and a consensus target price of $90.71.

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.

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