Nutanix $NTNX Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its holdings in shares of Nutanix (NASDAQ:NTNX) by 69.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,100 shares of the technology company’s stock after selling 36,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Nutanix were worth $832,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Crestwood Advisors Group LLC raised its stake in shares of Nutanix by 0.4% during the 3rd quarter. Crestwood Advisors Group LLC now owns 43,499 shares of the technology company’s stock worth $3,236,000 after buying an additional 161 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Nutanix by 0.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 93,016 shares of the technology company’s stock worth $4,868,000 after purchasing an additional 260 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Nutanix by 31.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock worth $94,000 after purchasing an additional 291 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Nutanix by 20.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,859 shares of the technology company’s stock worth $143,000 after purchasing an additional 321 shares during the last quarter. Finally, Optimist Retirement Group LLC raised its position in shares of Nutanix by 5.8% during the 2nd quarter. Optimist Retirement Group LLC now owns 6,380 shares of the technology company’s stock worth $488,000 after purchasing an additional 349 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Price Performance

Shares of NTNX opened at $46.34 on Monday. The stock has a fifty day simple moving average of $40.51 and a two-hundred day simple moving average of $46.89. The company has a market capitalization of $12.29 billion, a PE ratio of 50.37, a price-to-earnings-growth ratio of 5.18 and a beta of 0.54. Nutanix has a 52-week low of $34.01 and a 52-week high of $83.36.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.12. The business had revenue of $722.83 million during the quarter, compared to the consensus estimate of $709.83 million. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 EPS. As a group, equities analysts anticipate that Nutanix will post 0.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on NTNX shares. Wall Street Zen downgraded shares of Nutanix from a “buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Needham & Company LLC reduced their price objective on Nutanix from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Wells Fargo & Company reduced their price objective on Nutanix from $57.00 to $50.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $44.00 price objective on shares of Nutanix in a research note on Friday, April 10th. Finally, Piper Sandler reduced their price objective on Nutanix from $72.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.87.

About Nutanix

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.