Teacher Retirement System of Texas Acquires New Holdings in Nutanix (NASDAQ:NTNX)

Teacher Retirement System of Texas acquired a new stake in shares of Nutanix (NASDAQ:NTNX - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 37,187 shares of the technology company's stock, valued at approximately $2,596,000.

A number of other large investors also recently modified their holdings of NTNX. Harbour Investments Inc. raised its holdings 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 acquiring an additional 418 shares during the period. Colonial Trust Co SC purchased a new stake in shares of Nutanix during the fourth quarter worth about $28,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Nutanix by 78.0% in the 1st 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 in the last quarter. Fifth Third Bancorp lifted its holdings in Nutanix by 98.4% in the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock worth $35,000 after purchasing an additional 250 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Nutanix in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Price Performance

Shares of NTNX traded down $2.94 during mid-day trading on Thursday, reaching $73.61. 3,014,968 shares of the company's stock traded hands, compared to its average volume of 2,527,039. Nutanix has a 12 month low of $43.35 and a 12 month high of $83.36. The stock has a market cap of $19.73 billion, a P/E ratio of 155.37, a P/E/G ratio of 6.97 and a beta of 0.67. The stock's 50-day moving average is $76.28 and its two-hundred day moving average is $70.26.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Piper Sandler reiterated an "overweight" rating and set a $88.00 price objective (up previously from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. Morgan Stanley reiterated an "overweight" rating and issued a $90.00 price target (up previously from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. KeyCorp initiated coverage on Nutanix in a research report on Thursday, June 26th. They set an "overweight" rating and a $95.00 price objective for the company. Susquehanna upped their target price on shares of Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research report on Thursday, May 29th. Finally, Wall Street Zen lowered Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Monday, June 30th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $90.71.

Insider Transactions at Nutanix

In other news, CFO Rukmini Sivaraman sold 2,100 shares of the firm's stock in a transaction on 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 owned 209,070 shares in the company, valued at approximately $15,205,661.10. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Virginia Gambale sold 7,000 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $78.00, for a total transaction of $546,000.00. Following the completion of the sale, the director directly owned 38,330 shares of the company's stock, 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. Over the last 90 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 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.