Public Employees Retirement System of Ohio Sells 4,393 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Public Employees Retirement System of Ohio lowered its position in Nutanix, Inc. (NASDAQ:NTNX) by 3.5% during the 3rd quarter, Holdings Channel reports. The firm owned 119,399 shares of the technology company’s stock after selling 4,393 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Nutanix were worth $7,074,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Freedom Investment Management Inc. lifted its holdings in shares of Nutanix by 4.0% in the 3rd quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock worth $230,000 after buying an additional 151 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Nutanix by 3.4% in the third quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock valued at $417,000 after acquiring an additional 233 shares in the last quarter. Paragon Capital Management Inc. lifted its stake in Nutanix by 1.0% in the third quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company’s stock worth $1,545,000 after acquiring an additional 258 shares during the period. Larson Financial Group LLC lifted its stake in Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after acquiring an additional 281 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after acquiring an additional 321 shares in the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Trading Down 3.9 %

NASDAQ:NTNX opened at $66.05 on Friday. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $75.80. The company has a market cap of $17.52 billion, a PE ratio of -188.71, a P/E/G ratio of 10.14 and a beta of 1.13. The company’s 50 day moving average is $66.13 and its two-hundred day moving average is $59.19.

Insider Activity

In related news, CFO Rukmini Sivaraman sold 24,316 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total value of $1,430,996.60. Following the sale, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. This represents a 11.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO David Sangster sold 11,950 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the transaction, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at $7,411,022.44. This represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several recent research reports. Needham & Company LLC boosted their price target on shares of Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Piper Sandler boosted their price objective on shares of Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Raymond James increased their target price on Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. UBS Group started coverage on Nutanix in a research report on Thursday. They issued a “buy” rating and a $81.00 price target for the company. Finally, Royal Bank of Canada upped their price objective on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $79.00.

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.