State Board of Administration of Florida Retirement System lifted its position in Nutanix, Inc. (NASDAQ:NTNX) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 215,519 shares of the technology company’s stock after buying an additional 2,347 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Nutanix were worth $8,237,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its holdings in Nutanix by 3,822.6% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 1,216 shares of the technology company’s stock worth $46,000 after purchasing an additional 1,185 shares during the period. Geneos Wealth Management Inc. increased its holdings in Nutanix by 97.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,838 shares of the technology company’s stock worth $49,000 after purchasing an additional 908 shares during the period. Evoke Wealth LLC purchased a new stake in Nutanix during the 1st quarter worth about $71,000. Panagora Asset Management Inc. purchased a new stake in Nutanix during the 1st quarter worth about $113,000. Finally, Bank of Montreal Can increased its holdings in Nutanix by 16.6% during the 1st quarter. Bank of Montreal Can now owns 7,000 shares of the technology company’s stock worth $197,000 after purchasing an additional 997 shares during the period. Hedge funds and other institutional investors own 73.88% of the company’s stock.
Shares of NASDAQ NTNX opened at $40.57 on Tuesday. The stock has a market cap of $8.58 billion, a PE ratio of -8.10 and a beta of 1.88. Nutanix, Inc. has a 52-week low of $20.85 and a 52-week high of $44.50. The business has a 50-day moving average price of $37.58 and a 200 day moving average price of $33.19.
Several brokerages have weighed in on NTNX. Zacks Investment Research downgraded Nutanix from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a report on Monday, August 16th. Needham & Company LLC increased their price objective on Nutanix from $61.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, September 2nd. OTR Global downgraded Nutanix to a “positive” rating in a report on Thursday, August 19th. Morgan Stanley reiterated a “hold” rating and issued a $41.00 price objective on shares of Nutanix in a report on Friday, August 27th. Finally, Royal Bank of Canada increased their price objective on Nutanix from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, June 23rd. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Nutanix currently has a consensus rating of “Buy” and an average price target of $45.33.
In other news, CFO Duston Williams sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, July 12th. The stock was sold at an average price of $37.27, for a total value of $1,863,500.00. Following the completion of the sale, the chief financial officer now directly owns 248,784 shares of the company’s stock, valued at approximately $9,272,179.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tyler Wall sold 15,282 shares of the firm’s stock in a transaction that occurred on Thursday, September 16th. The shares were sold at an average price of $41.74, for a total value of $637,870.68. Following the completion of the sale, the insider now directly owns 115,471 shares of the company’s stock, valued at $4,819,759.54. The disclosure for this sale can be found here. Insiders have sold a total of 169,412 shares of company stock valued at $6,624,257 over the last ninety days. 6.66% of the stock is owned by insiders.
Nutanix, Inc engages in the provision of enterprise virtualization and storage solutions. It specializes in cloud operating system that converges traditional silos of server, virtualization, storage, and networking into one integrated solution and unifies private and public cloud into a single software fabric.
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