Retirement Systems of Alabama Invests $24.11 Million in Nutanix $NTNX

Retirement Systems of Alabama purchased a new position in Nutanix (NASDAQ:NTNX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 324,121 shares of the technology company’s stock, valued at approximately $24,111,000.

Several other large investors also recently added to or reduced their stakes in NTNX. Farther Finance Advisors LLC increased its position in shares of Nutanix by 42.6% during the second quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $38,000 after acquiring an additional 150 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Nutanix in the second quarter valued at approximately $45,000. SJS Investment Consulting Inc. grew its stake in Nutanix by 3,122.7% in the third quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock worth $53,000 after purchasing an additional 687 shares in the last quarter. Itau Unibanco Holding S.A. increased its holdings in Nutanix by 33.0% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 749 shares of the technology company’s stock worth $57,000 after purchasing an additional 186 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its position in Nutanix by 135.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock valued at $79,000 after purchasing an additional 609 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NTNX has been the topic of a number of recent research reports. Morgan Stanley set a $62.00 price target on Nutanix in a research report on Monday, January 12th. Wall Street Zen lowered shares of Nutanix from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Royal Bank Of Canada dropped their price objective on shares of Nutanix from $74.00 to $65.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. JPMorgan Chase & Co. cut their price objective on shares of Nutanix from $78.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a report on Monday, December 29th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Nutanix has an average rating of “Moderate Buy” and an average target price of $71.07.

Nutanix Stock Up 1.3%

NASDAQ NTNX opened at $43.37 on Tuesday. The firm has a market cap of $11.73 billion, a PE ratio of 57.83, a price-to-earnings-growth ratio of 4.57 and a beta of 0.49. The company has a 50 day moving average price of $50.36 and a 200 day moving average price of $64.23. Nutanix has a 52 week low of $41.33 and a 52 week high of $83.36.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Tuesday, November 25th. The technology company reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. Nutanix had a net margin of 8.43% and a negative return on equity of 32.95%. The company had revenue of $670.58 million during the quarter, compared to the consensus estimate of $677.23 million. During the same period last year, the firm earned $0.42 earnings per share. Nutanix’s revenue was up 13.5% compared to the same quarter last year. On average, equities research analysts anticipate that Nutanix will post 0.31 earnings per share for the current fiscal year.

Nutanix Company Profile

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.