VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Nutanix $NTNX

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Nutanix (NASDAQ:NTNX) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 84,300 shares of the technology company’s stock, valued at approximately $4,296,000.

A number of other large investors have also recently made changes to their positions in NTNX. CX Institutional raised its holdings in Nutanix by 134.6% in the second quarter. CX Institutional now owns 488 shares of the technology company’s stock valued at $25,000 after acquiring an additional 280 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of Nutanix in the 1st quarter valued at approximately $27,000. New Millennium Group LLC purchased a new stake in shares of Nutanix in the 4th quarter valued at approximately $28,000. Covestor Ltd raised its holdings in shares of Nutanix by 73.1% in the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after purchasing an additional 324 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of Nutanix by 159.4% during the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock worth $42,000 after purchasing an additional 502 shares during the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on NTNX shares. Wells Fargo & Company increased their target price on Nutanix from $55.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, August 27th. KeyCorp upped their price objective on Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, August 24th. Oppenheimer increased their price objective on Nutanix from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Nutanix in a research report on Wednesday, June 24th. Finally, Morgan Stanley boosted their target price on Nutanix from $55.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 27th. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.71.

Nutanix Price Performance

Shares of NTNX opened at $66.94 on Thursday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.80 and a quick ratio of 1.78. Nutanix has a 1-year low of $34.01 and a 1-year high of $82.42. The stock has a market cap of $18.10 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 3.83 and a beta of 0.62. The firm has a fifty day moving average price of $61.13 and a 200 day moving average price of $49.74.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.11. Nutanix had a negative return on equity of 90.13% and a net margin of 52.81%.The company had revenue of $757.08 million for the quarter, compared to analyst estimates of $738.27 million. During the same quarter last year, the company posted $0.37 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nutanix will post 1.02 EPS for the current year.

About Nutanix

Nutanix, Inc is a cloud computing software company that provides infrastructure and management solutions for enterprise data centers, private clouds, public clouds and hybrid multicloud environments. Its platform is designed to simplify the deployment, operation and management of applications and workloads across on-premises infrastructure and multiple cloud providers.

The company’s offerings include the Nutanix Cloud Infrastructure platform, which combines compute, storage and virtualization capabilities; the Nutanix Cloud Manager suite for monitoring, automation, governance and cost management; and Nutanix Unified Storage.