New York State Teachers Retirement System Has $587,000 Stock Holdings in Nutanix (NASDAQ:NTNX)

New York State Teachers Retirement System lowered its position in shares of Nutanix (NASDAQ:NTNX - Free Report) by 43.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 institutional investors and hedge funds also recently made changes to their positions in the company. Harbour Investments Inc. raised its position in shares of Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after acquiring an additional 418 shares during the last quarter. Colonial Trust Co SC acquired a new stake in shares of Nutanix during the fourth quarter worth $28,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Nutanix by 78.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock worth $30,000 after purchasing an additional 191 shares during the period. Fifth Third Bancorp grew its stake in shares of Nutanix by 98.4% during the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock worth $35,000 after purchasing an additional 250 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock worth $40,000 after purchasing an additional 146 shares during the period. Institutional investors own 85.25% of the company's stock.

Insider Transactions at Nutanix

In other news, Director Groen Max Pieter De sold 5,480,467 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $76.81, for a total value of $420,954,670.27. Following the sale, the director directly owned 5,480,468 shares in the company, valued at $420,954,747.08. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Virginia Gambale sold 7,000 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $78.00, for a total value of $546,000.00. Following the completion of the sale, 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 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. 6.80% of the stock is currently owned by company insiders.

Nutanix Stock Performance

NASDAQ:NTNX traded up $0.06 on Monday, reaching $72.46. The company's stock had a trading volume of 1,940,681 shares, compared to its average volume of 2,508,725. Nutanix has a 1-year low of $43.35 and a 1-year high of $83.36. The firm has a market cap of $19.43 billion, a PE ratio of 147.76, a PEG ratio of 6.69 and a beta of 0.67. The business's 50-day moving average price is $76.33 and its two-hundred day moving average price is $70.53.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $638.98 million for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $0.28 earnings per share. As a group, sell-side analysts expect that Nutanix will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. KeyCorp assumed coverage on Nutanix in a research note on Thursday, June 26th. They set an "overweight" rating and a $95.00 price objective for the company. Piper Sandler reaffirmed an "overweight" rating and set a $88.00 price objective (up from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Wall Street Zen cut Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Monday, June 30th. Raymond James Financial cut Nutanix from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $92.00 price objective on shares of Nutanix in a research note on Thursday, May 29th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.