VIRGINIA RETIREMENT SYSTEMS ET Al Has $3.89 Million Position in Nutanix $NTNX

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its holdings in Nutanix (NASDAQ:NTNX) by 22.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,300 shares of the technology company’s stock after selling 14,900 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Nutanix were worth $3,891,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake in Nutanix by 42.6% in the second quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $38,000 after acquiring an additional 150 shares during the period. V Square Quantitative Management LLC acquired a new stake in Nutanix during the second quarter valued at approximately $45,000. Banque Transatlantique SA bought a new stake in shares of Nutanix in the 1st quarter valued at approximately $46,000. Itau Unibanco Holding S.A. raised its holdings in shares of Nutanix by 33.0% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 749 shares of the technology company’s stock worth $57,000 after buying an additional 186 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Nutanix by 40.1% in the 1st quarter. Advisors Asset Management Inc. now owns 1,229 shares of the technology company’s stock worth $86,000 after buying an additional 352 shares in the last quarter. 85.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wall Street Zen cut Nutanix from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Wells Fargo & Company lowered their target price on shares of Nutanix from $71.00 to $57.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 26th. Northland Securities dropped their target price on shares of Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a research report on Wednesday, November 26th. KeyCorp cut their price target on shares of Nutanix from $95.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Nutanix from $78.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $75.13.

Nutanix Stock Down 0.5%

Shares of NASDAQ NTNX opened at $51.69 on Friday. The firm’s 50-day simple moving average is $57.32 and its 200 day simple moving average is $67.48. The company has a market cap of $13.98 billion, a price-to-earnings ratio of 68.92, a price-to-earnings-growth ratio of 5.50 and a beta of 0.49. Nutanix has a 12-month low of $46.12 and a 12-month high of $83.36.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data 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 firm had revenue of $670.58 million during the quarter, compared to analysts’ expectations of $677.23 million. During the same quarter last year, the company posted $0.42 EPS. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. On average, equities analysts expect that Nutanix will post 0.31 earnings per share for the current 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.