New Mexico Educational Retirement Board Buys Shares of 54,600 Nutanix $NTNX

New Mexico Educational Retirement Board bought a new position in shares of Nutanix (NASDAQ:NTNX) in the 3rd quarter, HoldingsChannel reports. The fund bought 54,600 shares of the technology company’s stock, valued at approximately $4,062,000.

A number of other institutional investors have also made changes to their positions in NTNX. SJS Investment Consulting Inc. raised its stake in shares of Nutanix by 3,122.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock valued at $53,000 after acquiring an additional 687 shares during the period. Optiver Holding B.V. acquired a new position in shares of Nutanix in the 3rd quarter worth approximately $68,000. Wilmington Savings Fund Society FSB boosted its position in shares of Nutanix by 135.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock worth $79,000 after purchasing an additional 609 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Nutanix by 31.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock worth $94,000 after purchasing an additional 291 shares during the period. Finally, Manchester Capital Management LLC increased its holdings in Nutanix by 14.1% in the 2nd quarter. Manchester Capital Management LLC now owns 1,374 shares of the technology company’s stock valued at $105,000 after purchasing an additional 170 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Trading Down 0.6%

Nutanix stock opened at $41.47 on Thursday. The firm has a market capitalization of $11.21 billion, a P/E ratio of 45.08, a P/E/G ratio of 4.46 and a beta of 0.49. The stock’s fifty day simple moving average is $41.99 and its 200-day simple moving average is $56.06. Nutanix has a twelve month low of $35.39 and a twelve month high of $83.36.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.12. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.The business had revenue of $722.83 million during the quarter, compared to analysts’ expectations of $709.83 million. During the same quarter last year, the business posted $0.47 EPS. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. Sell-side analysts predict that Nutanix will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Northland Securities cut their target price on Nutanix from $76.00 to $53.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 26th. Needham & Company LLC lowered their price target on Nutanix from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Royal Bank Of Canada set a $55.00 price objective on Nutanix in a research note on Wednesday, February 11th. Bank of America cut their price objective on Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, UBS Group increased their target price on Nutanix from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.43.

About Nutanix

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.