Nutanix $NTNX Shares Sold by IFP Advisors Inc

IFP Advisors Inc reduced its position in shares of Nutanix (NASDAQ:NTNX - Free Report) by 38.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,734 shares of the technology company's stock after selling 20,975 shares during the period. IFP Advisors Inc's holdings in Nutanix were worth $1,719,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. California State Teachers Retirement System grew its stake in shares of Nutanix by 4,834.4% in the second quarter. California State Teachers Retirement System now owns 14,870,638 shares of the technology company's stock valued at $757,808,000 after buying an additional 14,569,274 shares in the last quarter. AQR Capital Management LLC lifted its stake in Nutanix by 72.8% during the 4th quarter. AQR Capital Management LLC now owns 11,452,714 shares of the technology company's stock worth $591,991,000 after acquiring an additional 4,826,443 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Nutanix by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,283,964 shares of the technology company's stock valued at $272,452,000 after acquiring an additional 135,533 shares during the period. FIL Ltd boosted its holdings in Nutanix by 180.1% during the 4th quarter. FIL Ltd now owns 4,333,937 shares of the technology company's stock valued at $224,021,000 after acquiring an additional 2,786,929 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Nutanix by 14.0% during the 4th quarter. First Trust Advisors LP now owns 3,647,276 shares of the technology company's stock valued at $188,528,000 after acquiring an additional 447,806 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NTNX has been the topic of a number of recent research reports. Needham & Company LLC boosted their price target on shares of Nutanix from $60.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, August 27th. The Goldman Sachs Group reissued a "buy" rating on shares of Nutanix in a research report on Thursday, May 28th. Northland Securities set a $70.00 price objective on shares of Nutanix in a research note on Thursday, August 27th. Zacks Research cut shares of Nutanix from a "strong-buy" rating to a "hold" rating in a report on Monday, August 31st. Finally, Bank of America reaffirmed a "buy" rating on shares of Nutanix in a research note on Thursday, August 27th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Nutanix currently has a consensus rating of "Moderate Buy" and a consensus price target of $72.71.

Nutanix Trading Up 0.8%

NASDAQ:NTNX opened at $65.92 on Friday. The firm has a market cap of $17.82 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 3.74 and a beta of 0.62. The stock has a fifty day moving average price of $61.71 and a 200 day moving average price of $50.03. Nutanix has a 12-month low of $34.01 and a 12-month high of $82.42. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.92.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its earnings results on Wednesday, August 26th. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.49 by $0.11. Nutanix had a negative return on equity of 90.13% and a net margin of 52.81%.The firm had revenue of $757.08 million during the quarter, compared to analysts' expectations of $738.27 million. During the same period in the previous year, the firm posted $0.37 EPS. Nutanix's revenue for the quarter was up 15.9% on a year-over-year basis. Sell-side analysts anticipate that Nutanix will post 1.02 earnings per share for the current fiscal year.

Nutanix Company Profile

Nutanix, Inc is a cloud computing software company that provides infrastructure and management solutions for enterprise data centers, private clouds, public clouds and hybrid multicloud environments. Its platform is designed to simplify the deployment, operation and management of applications and workloads across on-premises infrastructure and multiple cloud providers.

The company's offerings include the Nutanix Cloud Infrastructure platform, which combines compute, storage and virtualization capabilities; the Nutanix Cloud Manager suite for monitoring, automation, governance and cost management; and Nutanix Unified Storage.

Want to see what other hedge funds are holding NTNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nutanix (NASDAQ:NTNX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.