37,187 Shares in Nutanix (NASDAQ:NTNX) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new stake in Nutanix (NASDAQ:NTNX - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 37,187 shares of the technology company's stock, valued at approximately $2,596,000.

A number of other institutional investors also recently made changes to their positions in NTNX. Harbour Investments Inc. boosted its stake in shares of Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after purchasing an additional 418 shares in the last quarter. Colonial Trust Co SC bought a new stake in Nutanix during the 4th quarter valued at $28,000. MassMutual Private Wealth & Trust FSB raised its holdings in Nutanix by 78.0% during 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. Fifth Third Bancorp raised its holdings in Nutanix by 98.4% during 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, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Nutanix during the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Stock Performance

Shares of Nutanix stock traded down $1.21 during trading on Friday, hitting $72.40. The company's stock had a trading volume of 2,055,078 shares, compared to its average volume of 2,511,006. The company has a fifty day simple moving average of $76.33 and a two-hundred day simple moving average of $70.42. The company has a market capitalization of $19.41 billion, a PE ratio of 147.76, a P/E/G ratio of 6.69 and a beta of 0.67. Nutanix has a 52 week low of $43.35 and a 52 week high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.42 EPS 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 company had revenue of $638.98 million for the quarter, compared to the consensus estimate of $626.12 million. During the same period in the prior year, the firm posted $0.28 EPS. Nutanix's revenue for the quarter was up 21.8% on a year-over-year basis. As a group, analysts predict that Nutanix will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

NTNX has been the subject of a number of recent analyst reports. Raymond James Financial lowered shares of Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Needham & Company LLC reiterated a "buy" rating and set a $92.00 price target on shares of Nutanix in a report on Thursday, May 29th. Morgan Stanley reiterated an "overweight" rating and set a $90.00 price target (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Wall Street Zen lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. Finally, KeyCorp initiated coverage on shares of Nutanix in a report on Thursday, June 26th. They set an "overweight" rating and a $95.00 price target for the company. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.71.

Insider Activity

In other news, Director Virginia Gambale sold 7,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were 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 $2,989,740. This represents a 15.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rajiv Ramaswami sold 1,925 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $75.00, for a total transaction of $144,375.00. Following the sale, the chief executive officer owned 518,561 shares in the company, valued at approximately $38,892,075. The trade was a 0.37% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,552,549 shares of company stock valued at $426,621,281. Company insiders own 6.80% of the company's stock.

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.