New York State Common Retirement Fund Purchases 1,242 Shares of Nutanix (NASDAQ:NTNX)

New York State Common Retirement Fund raised its position in Nutanix (NASDAQ:NTNX) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,898 shares of the technology company’s stock after purchasing an additional 1,242 shares during the quarter. New York State Common Retirement Fund’s holdings in Nutanix were worth $9,068,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC acquired a new stake in shares of Nutanix in the fourth quarter valued at about $234,000. Avantax Advisory Services Inc. increased its stake in shares of Nutanix by 3.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company’s stock valued at $349,000 after buying an additional 188 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Nutanix by 2.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,933 shares of the technology company’s stock valued at $1,220,000 after buying an additional 544 shares during the period. Natixis Advisors LLC increased its stake in shares of Nutanix by 20.1% in the fourth quarter. Natixis Advisors LLC now owns 23,247 shares of the technology company’s stock valued at $1,422,000 after buying an additional 3,888 shares during the period. Finally, Harbour Investments Inc. grew its stake in Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after purchasing an additional 418 shares during the period. 85.25% of the stock is currently owned by institutional investors.

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $75.55 on Friday. Nutanix has a 1 year low of $43.35 and a 1 year high of $83.36. The stock’s 50-day moving average is $76.39 and its 200 day moving average is $70.84. The company has a market cap of $20.25 billion, a PE ratio of 154.18, a P/E/G ratio of 6.98 and a beta of 0.67.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. The company had revenue of $638.98 million for the quarter, compared to the consensus estimate of $626.12 million. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 EPS. Analysts expect that Nutanix will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NTNX. Raymond James Financial cut Nutanix from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 20th. Wall Street Zen lowered Nutanix from a “strong-buy” rating to a “buy” rating in a report on Monday, June 30th. Morgan Stanley reiterated an “overweight” rating and set a $90.00 price target (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. The Goldman Sachs Group started coverage on Nutanix in a research note on Tuesday, July 15th. They issued a “buy” rating and a $95.00 target price on the stock. Finally, Susquehanna boosted their target price on Nutanix from $90.00 to $95.00 and gave the company a “positive” rating in a research note on Thursday, May 29th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.00.

Insiders Place Their Bets

In other news, CEO Rajiv Ramaswami sold 1,925 shares of the firm’s stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $75.00, for a total transaction of $144,375.00. Following the completion of the transaction, the chief executive officer owned 518,561 shares in the company, valued at $38,892,075. This trade represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Groen Max Pieter De sold 5,480,467 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the completion of the transaction, the director directly owned 5,480,468 shares of the company’s stock, valued at approximately $420,954,747.08. The trade was a 50.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,552,549 shares of company stock worth $426,621,281. 6.80% of the stock is currently owned by corporate insiders.

Nutanix Company Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.