Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 5.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,282 shares of the technology company’s stock after selling 14,039 shares during the quarter. California State Teachers Retirement System owned approximately 0.10% of Nutanix worth $15,015,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC acquired a new position in Nutanix in the fourth quarter worth about $29,000. GAMMA Investing LLC bought a new stake in Nutanix during the fourth quarter valued at $30,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Nutanix during the fourth quarter worth $37,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Nutanix during the fourth quarter worth $40,000. Finally, Fifth Third Bancorp bought a new position in shares of Nutanix in the 4th quarter worth about $62,000. Institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

Nutanix stock opened at $46.92 on Friday. The firm has a market cap of $11.57 billion, a price-to-earnings ratio of -685.62, a P/E/G ratio of 10.40 and a beta of 1.16. The firm has a fifty day moving average price of $55.10 and a two-hundred day moving average price of $59.27. Nutanix, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $73.69.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.12. The company had revenue of $524.58 million during the quarter, compared to analyst estimates of $516.13 million. Nutanix had a negative return on equity of 7.74% and a negative net margin of 0.57%. As a group, sell-side analysts expect that Nutanix, Inc. will post 0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Northland Securities lowered shares of Nutanix from an “outperform” rating to a “market perform” rating and set a $71.00 price objective on the stock. in a research note on Thursday, May 30th. Barclays lowered their price objective on Nutanix from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. Susquehanna boosted their price target on shares of Nutanix from $60.00 to $75.00 and gave the company a “positive” rating in a report on Wednesday, April 10th. Morgan Stanley dropped their price objective on shares of Nutanix from $72.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, June 21st. Finally, Raymond James lifted their price objective on shares of Nutanix from $72.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Insider Transactions at Nutanix

In related news, COO David Sangster sold 10,384 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total value of $562,708.96. Following the completion of the transaction, the chief operating officer now directly owns 64,333 shares in the company, valued at $3,486,205.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO David Sangster sold 10,384 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total value of $562,708.96. Following the sale, the chief operating officer now owns 64,333 shares of the company’s stock, valued at approximately $3,486,205.27. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rajiv Ramaswami sold 23,986 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total value of $1,299,801.34. Following the transaction, the chief executive officer now owns 407,045 shares of the company’s stock, valued at $22,057,768.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,936 shares of company stock worth $2,531,273. 0.46% of the stock is currently owned by company insiders.

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.