California Public Employees Retirement System Cuts Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

California Public Employees Retirement System reduced its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 416,912 shares of the technology company’s stock after selling 12,010 shares during the period. California Public Employees Retirement System’s holdings in Nutanix were worth $19,883,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NTNX. BluePath Capital Management LLC purchased a new position in Nutanix during the third quarter worth about $31,000. Fifth Third Bancorp purchased a new position in Nutanix in the fourth quarter valued at about $62,000. DekaBank Deutsche Girozentrale purchased a new position in Nutanix in the third quarter valued at about $107,000. Quintet Private Bank Europe S.A. purchased a new position in Nutanix in the third quarter valued at about $143,000. Finally, CWM LLC increased its holdings in Nutanix by 7.8% in the third quarter. CWM LLC now owns 4,527 shares of the technology company’s stock valued at $158,000 after buying an additional 328 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Nutanix news, Director Steven J. Gomo sold 25,000 shares of Nutanix stock in a transaction on Friday, March 1st. The shares were sold at an average price of $64.11, for a total value of $1,602,750.00. Following the transaction, the director now owns 3,962 shares in the company, valued at approximately $254,003.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Nutanix news, Director Steven J. Gomo sold 25,000 shares of Nutanix stock in a transaction on Friday, March 1st. The shares were sold at an average price of $64.11, for a total value of $1,602,750.00. Following the transaction, the director now owns 3,962 shares in the company, valued at approximately $254,003.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Rukmini Sivaraman sold 53,029 shares of Nutanix stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,506 shares of company stock worth $8,270,938. 0.46% of the stock is owned by insiders.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $61.66 on Monday. Nutanix, Inc. has a 1 year low of $23.34 and a 1 year high of $66.99. The firm’s 50 day moving average price is $62.18 and its 200 day moving average price is $51.64.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $565.23 million for the quarter, compared to analyst estimates of $551.82 million. On average, equities research analysts forecast that Nutanix, Inc. will post -0.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Susquehanna increased their target price on shares of Nutanix from $60.00 to $75.00 and gave the company a “positive” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. increased their target price on shares of Nutanix from $54.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Piper Sandler increased their price target on shares of Nutanix from $67.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Morgan Stanley increased their price target on shares of Nutanix from $58.00 to $63.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 27th. Finally, KeyCorp increased their price target on shares of Nutanix from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.17.

Nutanix Company Profile

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.