California Public Employees Retirement System Reduces Position in Nutanix, Inc. (NASDAQ:NTNX)

California Public Employees Retirement System reduced its stake in Nutanix, Inc. (NASDAQ:NTNX) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 485,819 shares of the technology company’s stock after selling 12,183 shares during the quarter. California Public Employees Retirement System’s holdings in Nutanix were worth $29,722,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NTNX. Harbour Investments Inc. raised its stake in shares of Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after buying an additional 418 shares during the period. Allworth Financial LP lifted its holdings in Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after purchasing an additional 256 shares in the last quarter. Principal Securities Inc. boosted its position in shares of Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after purchasing an additional 199 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Nutanix in the fourth quarter worth $40,000. Finally, Larson Financial Group LLC raised its position in shares of Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after purchasing an additional 146 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $71.37 on Thursday. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $79.99. The business’s 50 day moving average is $70.66 and its two-hundred day moving average is $66.60. The stock has a market capitalization of $19.03 billion, a P/E ratio of -203.91, a PEG ratio of 11.80 and a beta of 1.04.

Analyst Ratings Changes

NTNX has been the subject of a number of analyst reports. Northland Capmk upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Morgan Stanley boosted their price target on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Wells Fargo & Company increased their price objective on shares of Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. UBS Group boosted their target price on shares of Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $87.79.

Insider Transactions at Nutanix

In related news, CEO Rajiv Ramaswami sold 95,852 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the sale, the chief executive officer now directly owns 540,463 shares in the company, valued at $37,832,410. This trade represents a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the transaction, the director now owns 11,354,032 shares in the company, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,610,886 shares of company stock worth $417,646,356. 6.80% of the stock is currently owned by company insiders.

About Nutanix

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.