Teacher Retirement System of Texas Makes New $2.60 Million Investment in Nutanix (NASDAQ:NTNX)

Teacher Retirement System of Texas bought a new stake in Nutanix (NASDAQ:NTNX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,187 shares of the technology company's stock, valued at approximately $2,596,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NTNX. Atria Investments Inc boosted its holdings in shares of Nutanix by 41.9% during the 4th quarter. Atria Investments Inc now owns 7,179 shares of the technology company's stock worth $439,000 after buying an additional 2,121 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Nutanix during the 4th quarter worth approximately $6,052,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Nutanix during the 4th quarter worth approximately $40,000. Larson Financial Group LLC boosted its holdings in shares of Nutanix by 28.6% during the 4th 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. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Nutanix by 39.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 24,804 shares of the technology company's stock worth $1,518,000 after purchasing an additional 6,964 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NTNX has been the topic of a number of recent research reports. Morgan Stanley reiterated an "overweight" rating and issued a $90.00 target price (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Piper Sandler reissued an "overweight" rating and issued a $88.00 price target (up from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. Raymond James Financial lowered Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Susquehanna increased their price target on Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research report on Thursday, May 29th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $92.00 price target on shares of Nutanix in a research report on Thursday, May 29th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $90.71.

Nutanix Stock Down 1.6%

NTNX traded down $1.21 during trading hours on Friday, hitting $72.40. The stock had a trading volume of 2,055,078 shares, compared to its average volume of 2,523,660. The stock has a market cap of $19.41 billion, a PE ratio of 150.22, a price-to-earnings-growth ratio of 6.80 and a beta of 0.67. The company's fifty day simple moving average is $76.33 and its 200 day simple moving average is $70.37. Nutanix has a 1 year low of $43.35 and a 1 year high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $638.98 million for the quarter, compared to analysts' expectations of $626.12 million. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. Nutanix's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period last year, the firm posted $0.28 EPS. As a group, equities analysts expect that Nutanix will post 0.31 EPS for the current year.

Insider Buying and Selling

In other Nutanix news, Director Virginia Gambale sold 7,000 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $78.00, for a total value of $546,000.00. Following the sale, the director directly owned 38,330 shares of the company's stock, valued at approximately $2,989,740. The trade was a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rajiv Ramaswami sold 61,057 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total value of $4,823,503.00. Following the completion of the sale, the chief executive officer directly owned 497,309 shares in the company, valued at $39,287,411. This trade represents a 10.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,552,549 shares of company stock valued at $426,621,281 over the last quarter. Company insiders own 6.80% of the company's stock.

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.