Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX – Get Rating) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 502,167 shares of the technology company’s stock after selling 21,511 shares during the quarter. California Public Employees Retirement System owned about 0.22% of Nutanix worth $13,081,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Swiss National Bank boosted its holdings in Nutanix by 3.6% in the fourth quarter. Swiss National Bank now owns 541,600 shares of the technology company’s stock valued at $14,109,000 after acquiring an additional 18,600 shares during the last quarter. Arizona State Retirement System boosted its holdings in Nutanix by 5.6% in the fourth quarter. Arizona State Retirement System now owns 63,290 shares of the technology company’s stock valued at $1,649,000 after acquiring an additional 3,352 shares during the last quarter. Duality Advisers LP acquired a new position in Nutanix in the fourth quarter valued at $989,000. Fox Run Management L.L.C. acquired a new position in Nutanix in the fourth quarter valued at $232,000. Finally, LPL Financial LLC lifted its stake in shares of Nutanix by 23.9% during the fourth quarter. LPL Financial LLC now owns 22,021 shares of the technology company’s stock worth $574,000 after purchasing an additional 4,248 shares in the last quarter. Institutional investors and hedge funds own 76.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NTNX. Royal Bank of Canada restated an “outperform” rating and set a $33.00 price objective on shares of Nutanix in a research note on Tuesday, March 7th. StockNews.com upgraded Nutanix from a “hold” rating to a “buy” rating in a research note on Friday, March 24th. Susquehanna restated a “positive” rating and set a $34.00 price objective on shares of Nutanix in a research note on Thursday, March 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price target on shares of Nutanix in a research note on Tuesday, March 7th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Nutanix has an average rating of “Moderate Buy” and an average target price of $31.92.

Nutanix Stock Up 5.5 %

Shares of Nutanix stock opened at $25.53 on Monday. The firm has a market cap of $5.87 billion, a P/E ratio of -11.99 and a beta of 1.36. Nutanix, Inc. has a fifty-two week low of $13.44 and a fifty-two week high of $33.73. The business has a 50-day moving average price of $24.99 and a 200 day moving average price of $27.07.

Nutanix Profile

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Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.