VIRGINIA RETIREMENT SYSTEMS ET Al Takes $4.30 Million Position in Nutanix $NTNX

Key Points

• Virginia Retirement Systems acquired 84,300 Nutanix shares during the second quarter, valued at approximately $4.30 million. Institutional investors collectively own 85.25% of the company.
• Analysts maintain a generally positive outlook, with Nutanix receiving a “Moderate Buy” consensus rating and an average price target of $72.71; recent targets include $75 from Piper Sandler and Rosenblatt Securities and $85 from UBS.
• Nutanix reported quarterly EPS of $0.60, exceeding the $0.49 consensus estimate, while revenue rose 15.9% year over year to $757.08 million. Shares opened at $66.94, below the company’s 52-week high of $82.42.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Nutanix (NASDAQ:NTNX - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 84,300 shares of the technology company's stock, valued at approximately $4,296,000.

Other large investors have also recently made changes to their positions in the company. CX Institutional boosted its stake in Nutanix by 134.6% during the 2nd quarter. CX Institutional now owns 488 shares of the technology company's stock worth $25,000 after purchasing an additional 280 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Nutanix in the first quarter valued at about $27,000. New Millennium Group LLC purchased a new position in shares of Nutanix in the fourth quarter worth about $28,000. Covestor Ltd lifted its stake in shares of Nutanix by 73.1% in the fourth quarter. Covestor Ltd now owns 767 shares of the technology company's stock worth $40,000 after buying an additional 324 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in Nutanix by 159.4% during the fourth quarter. Harbour Investments Inc. now owns 817 shares of the technology company's stock worth $42,000 after acquiring an additional 502 shares during the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Nutanix in a report on Wednesday, June 24th. The Goldman Sachs Group reiterated a "buy" rating on shares of Nutanix in a report on Thursday, May 28th. Piper Sandler reissued an "overweight" rating and set a $75.00 price target (up from $60.00) on shares of Nutanix in a research report on Thursday, August 27th. UBS Group set a $85.00 price objective on Nutanix in a research report on Thursday, August 27th. Finally, Rosenblatt Securities lifted their target price on Nutanix from $60.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, August 25th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $72.71.

Nutanix Stock Down 0.8%

Shares of NASDAQ NTNX opened at $66.94 on Thursday. The business's 50 day moving average is $61.13 and its two-hundred day moving average is $49.74. Nutanix has a 52-week low of $34.01 and a 52-week high of $82.42. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.92. The firm has a market cap of $18.10 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 3.83 and a beta of 0.62.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.11. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. The company had revenue of $757.08 million for the quarter, compared to analyst estimates of $738.27 million. During the same period in the prior year, the firm earned $0.37 earnings per share. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. Research analysts predict that Nutanix will post 1.02 EPS for the current year.

About Nutanix

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.

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