California Public Employees Retirement System Has $29.72 Million Stake in Nutanix, Inc. (NASDAQ:NTNX)

California Public Employees Retirement System decreased its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 485,819 shares of the technology company's stock after selling 12,183 shares during the quarter. California Public Employees Retirement System owned 0.18% of Nutanix worth $29,722,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbour Investments Inc. boosted its stake in Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after purchasing an additional 418 shares during the period. Allworth Financial LP lifted its position in shares of Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company's stock valued at $31,000 after buying an additional 256 shares during the last quarter. Principal Securities Inc. boosted its position in Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after purchasing an additional 199 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in Nutanix in the 4th quarter valued at about $40,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock worth $40,000 after buying an additional 146 shares in the last quarter. Institutional investors own 85.25% of the company's stock.

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Insider Activity

In other Nutanix news, CEO Rajiv Ramaswami sold 95,852 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the transaction, the chief executive officer now owns 540,463 shares of the company's stock, valued at approximately $37,832,410. This represents a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $76.16, for a total value of $533,120.00. Following the transaction, the director now owns 3,050 shares in the company, valued at $232,288. This trade represents a 69.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,610,886 shares of company stock worth $417,646,356 over the last 90 days. 6.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays set a $94.00 price objective on shares of Nutanix and gave the company an "overweight" rating in a research note on Thursday, February 27th. Morgan Stanley upped their price objective on shares of Nutanix from $78.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. Needham & Company LLC increased their price objective on shares of Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Finally, Oppenheimer raised their price target on Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Nutanix presently has a consensus rating of "Buy" and a consensus target price of $87.79.

Nutanix Price Performance

Shares of NTNX stock traded up $0.12 during trading hours on Monday, reaching $58.62. The stock had a trading volume of 3,456,843 shares, compared to its average volume of 2,493,808. The firm has a market capitalization of $15.63 billion, a PE ratio of -167.49, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. The firm has a 50-day simple moving average of $70.44 and a 200-day simple moving average of $66.70. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99.

Nutanix Company Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers' enterprise infrastructure.