California Public Employees Retirement System Has $11.67 Million Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

California Public Employees Retirement System lifted its position in Nutanix, Inc. (NASDAQ:NTNXGet Rating) by 1.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 435,024 shares of the technology company’s stock after buying an additional 5,212 shares during the quarter. California Public Employees Retirement System owned about 0.20% of Nutanix worth $11,667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Champlain Investment Partners LLC lifted its stake in shares of Nutanix by 6.9% in the fourth quarter. Champlain Investment Partners LLC now owns 5,678,595 shares of the technology company’s stock worth $180,920,000 after buying an additional 367,120 shares during the last quarter. Primecap Management Co. CA lifted its stake in shares of Nutanix by 1.3% in the fourth quarter. Primecap Management Co. CA now owns 3,542,715 shares of the technology company’s stock worth $112,871,000 after buying an additional 47,030 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Nutanix by 14.2% in the fourth quarter. Geode Capital Management LLC now owns 3,534,373 shares of the technology company’s stock worth $112,605,000 after buying an additional 439,624 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Nutanix by 0.5% in the fourth quarter. First Trust Advisors LP now owns 3,468,375 shares of the technology company’s stock worth $110,502,000 after buying an additional 15,709 shares during the last quarter. Finally, State Street Corp increased its position in Nutanix by 6.9% during the fourth quarter. State Street Corp now owns 3,184,533 shares of the technology company’s stock worth $101,459,000 after acquiring an additional 205,668 shares during the period. 70.43% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Performance

NTNX opened at $16.91 on Friday. The firm’s 50-day simple moving average is $15.13 and its 200-day simple moving average is $21.69. Nutanix, Inc. has a twelve month low of $13.44 and a twelve month high of $44.50. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of -3.63 and a beta of 1.44.

Nutanix (NASDAQ:NTNXGet Rating) last posted its earnings results on Wednesday, May 25th. The technology company reported ($0.42) earnings per share for the quarter, topping the consensus estimate of ($0.65) by $0.23. The firm had revenue of $403.70 million during the quarter, compared to the consensus estimate of $397.90 million. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.87) EPS. As a group, sell-side analysts anticipate that Nutanix, Inc. will post -2.24 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO David Sangster sold 17,285 shares of the company’s stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $13.97, for a total transaction of $241,471.45. Following the transaction, the chief operating officer now owns 177,078 shares in the company, valued at approximately $2,473,779.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, COO David Sangster sold 17,285 shares of the company’s stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $13.97, for a total transaction of $241,471.45. Following the transaction, the chief operating officer now owns 177,078 shares in the company, valued at approximately $2,473,779.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Rukmini Sivaraman sold 5,083 shares of the company’s stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $13.97, for a total transaction of $71,009.51. Following the transaction, the chief financial officer now owns 78,977 shares in the company, valued at approximately $1,103,308.69. The disclosure for this sale can be found here. Insiders have sold a total of 85,196 shares of company stock worth $1,193,438 in the last 90 days. Corporate insiders own 0.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NTNX shares. Royal Bank of Canada dropped their target price on shares of Nutanix from $45.00 to $21.00 in a research report on Thursday, May 26th. Wells Fargo & Company dropped their target price on shares of Nutanix to $20.00 in a research report on Thursday, May 26th. Piper Sandler lowered their price target on shares of Nutanix from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, July 13th. Needham & Company LLC lowered their price target on shares of Nutanix from $34.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, May 26th. Finally, JMP Securities lowered their price target on shares of Nutanix from $48.00 to $35.00 and set a “market outperform” rating on the stock in a report on Thursday, May 26th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.45.

About Nutanix

(Get Rating)

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis converges virtualization, enterprise storage services, and networking visualization and security services; Acropolis Hypervisor, an enterprise-grade virtualization solution; Nutanix Karbon for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments; and Nutanix Clusters solution.

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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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