California State Teachers Retirement System Has $11.46 Million Stock Holdings in Nutanix $NTNX

California State Teachers Retirement System trimmed its position in Nutanix (NASDAQ:NTNX) by 15.7% during the first quarter, Holdings Channel reports. The firm owned 301,364 shares of the technology company’s stock after selling 56,216 shares during the quarter. California State Teachers Retirement System’s holdings in Nutanix were worth $11,455,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. New Millennium Group LLC bought a new position in Nutanix during the fourth quarter worth about $28,000. V Square Quantitative Management LLC acquired a new position in Nutanix during the fourth quarter worth approximately $39,000. Covestor Ltd raised its stake in Nutanix by 73.1% in the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after buying an additional 324 shares during the period. Harbour Investments Inc. raised its stake in Nutanix by 159.4% in the fourth quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after buying an additional 502 shares during the period. Finally, Frazier Financial Advisors LLC lifted its position in shares of Nutanix by 1,063.8% in the first quarter. Frazier Financial Advisors LLC now owns 1,094 shares of the technology company’s stock valued at $42,000 after buying an additional 1,000 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Up 3.5%

Shares of NTNX stock opened at $61.06 on Tuesday. The firm has a 50 day moving average price of $52.44 and a two-hundred day moving average price of $45.18. The company has a market capitalization of $16.51 billion, a PE ratio of 64.27, a price-to-earnings-growth ratio of 5.20 and a beta of 0.60. Nutanix has a 12-month low of $34.01 and a 12-month high of $82.42.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The company had revenue of $703.07 million during the quarter, compared to analysts’ expectations of $686.34 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. As a group, research analysts expect that Nutanix will post 0.71 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on NTNX shares. Zacks Research upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Northland Securities set a $47.00 price target on Nutanix in a research note on Thursday, May 28th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Nutanix in a report on Thursday, May 28th. Wells Fargo & Company lifted their price objective on shares of Nutanix from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of Nutanix from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Nutanix presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Nutanix Profile

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.