Public Employees Retirement System of Ohio Sells 18,058 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Public Employees Retirement System of Ohio cut its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 12.5% in the 1st quarter, HoldingsChannel reports. The fund owned 126,085 shares of the technology company’s stock after selling 18,058 shares during the period. Public Employees Retirement System of Ohio’s holdings in Nutanix were worth $7,782,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NTNX. Raymond James & Associates increased its position in shares of Nutanix by 306.0% during the fourth quarter. Raymond James & Associates now owns 73,765 shares of the technology company’s stock worth $3,518,000 after acquiring an additional 55,596 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Nutanix by 46.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 11,734 shares of the technology company’s stock worth $560,000 after acquiring an additional 3,746 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Nutanix during the fourth quarter worth about $5,187,000. Fifth Third Bancorp bought a new stake in shares of Nutanix during the fourth quarter worth about $62,000. Finally, Black Swift Group LLC bought a new stake in shares of Nutanix during the fourth quarter worth about $1,431,000. 85.25% of the stock is owned by institutional investors.

Insider Buying and Selling at Nutanix

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

Nutanix Stock Performance

Shares of NTNX traded down $0.48 during mid-day trading on Tuesday, hitting $49.53. The stock had a trading volume of 130,429 shares, compared to its average volume of 2,759,191. The business has a fifty day moving average price of $56.47 and a 200-day moving average price of $59.42. Nutanix, Inc. has a 52 week low of $28.49 and a 52 week high of $73.69.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, May 29th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.12. The firm had revenue of $524.58 million for 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%. On average, equities research analysts forecast that Nutanix, Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. KeyCorp boosted their target price on shares of Nutanix from $69.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Morgan Stanley dropped their target price on shares of Nutanix from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, June 21st. Susquehanna lifted their target price on shares of Nutanix from $60.00 to $75.00 and gave the stock a “positive” rating in a research report on Wednesday, April 10th. Royal Bank of Canada increased their price target on Nutanix from $72.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Finally, Northland Securities lowered Nutanix from an “outperform” rating to a “market perform” rating and set a $71.00 price target on the stock. in a report on Thursday, May 30th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.00.

Nutanix 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.