New York State Common Retirement Fund Lowers Stake in Nutanix, Inc. (NASDAQ:NTNX)

New York State Common Retirement Fund decreased its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 5.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,222,637 shares of the technology company's stock after selling 67,480 shares during the period. New York State Common Retirement Fund owned 0.50% of Nutanix worth $58,308,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jericho Capital Asset Management L.P. bought a new position in Nutanix in the 3rd quarter worth about $82,421,000. FMR LLC increased its stake in Nutanix by 1.6% in the 3rd quarter. FMR LLC now owns 35,942,093 shares of the technology company's stock worth $1,253,660,000 after acquiring an additional 578,189 shares during the last quarter. Federated Hermes Inc. increased its stake in Nutanix by 61.4% in the 4th quarter. Federated Hermes Inc. now owns 1,295,112 shares of the technology company's stock worth $61,764,000 after acquiring an additional 492,463 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Nutanix by 1,019.7% in the 4th quarter. Handelsbanken Fonder AB now owns 442,300 shares of the technology company's stock worth $21,093,000 after acquiring an additional 402,800 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Nutanix by 43.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 954,945 shares of the technology company's stock worth $33,308,000 after acquiring an additional 290,256 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Insiders Place Their Bets

In other news, CFO Rukmini Sivaraman sold 53,029 shares of the firm's stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the completion of the transaction, the chief financial officer now owns 144,635 shares in the company, valued at approximately $9,368,008.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Rukmini Sivaraman sold 53,029 shares of the firm's stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the completion of the transaction, the chief financial officer now owns 144,635 shares in the company, valued at approximately $9,368,008.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 23,932 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $63.05, for a total value of $1,508,912.60. Following the completion of the transaction, the chief executive officer now owns 373,024 shares of the company's stock, valued at approximately $23,519,163.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 129,506 shares of company stock worth $8,270,938. 0.46% of the stock is currently owned by company insiders.

Nutanix Trading Down 0.3 %

NASDAQ NTNX traded down $0.18 on Wednesday, hitting $60.89. The company's stock had a trading volume of 978,504 shares, compared to its average volume of 2,741,676. Nutanix, Inc. has a 52-week low of $23.34 and a 52-week high of $66.99. The company's 50-day simple moving average is $62.02 and its 200 day simple moving average is $51.13. The firm has a market cap of $14.88 billion, a P/E ratio of -169.61 and a beta of 1.29.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The business had revenue of $565.23 million during the quarter, compared to analysts' expectations of $551.82 million. On average, research analysts forecast that Nutanix, Inc. will post -0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NTNX shares. StockNews.com lowered Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 12th. Morgan Stanley increased their price objective on Nutanix from $58.00 to $63.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 27th. Piper Sandler increased their price objective on Nutanix from $67.00 to $76.00 and gave the company an "overweight" rating in a research report on Thursday, February 29th. Needham & Company LLC increased their price objective on Nutanix from $62.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, February 29th. Finally, Susquehanna increased their price objective on Nutanix from $60.00 to $75.00 and gave the company a "positive" rating in a research report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $65.17.

About Nutanix

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.