Public Employees Retirement Association of Colorado increased its holdings in shares of Nutanix Inc (NASDAQ:NTNX) by 247.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,546 shares of the technology company’s stock after purchasing an additional 3,948 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Nutanix were worth $286,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wells Fargo & Company MN grew its stake in shares of Nutanix by 151.4% during the 1st quarter. Wells Fargo & Company MN now owns 1,215,168 shares of the technology company’s stock worth $59,677,000 after acquiring an additional 731,841 shares in the last quarter. Cavalry Management Group LLC bought a new position in shares of Nutanix during the 1st quarter worth approximately $26,925,000. JPMorgan Chase & Co. grew its stake in shares of Nutanix by 29.2% during the 1st quarter. JPMorgan Chase & Co. now owns 2,338,382 shares of the technology company’s stock worth $114,838,000 after acquiring an additional 529,079 shares in the last quarter. Myriad Asset Management Ltd. bought a new position in shares of Nutanix during the 1st quarter worth approximately $22,100,000. Finally, BlackRock Inc. grew its stake in shares of Nutanix by 6.7% during the 1st quarter. BlackRock Inc. now owns 6,269,670 shares of the technology company’s stock worth $307,903,000 after acquiring an additional 394,331 shares in the last quarter. 50.50% of the stock is owned by institutional investors and hedge funds.

In other Nutanix news, President Sudheesh Nair Vadakkedath sold 40,000 shares of the firm’s stock in a transaction on Monday, May 21st. The stock was sold at an average price of $58.41, for a total transaction of $2,336,400.00. Following the completion of the sale, the president now owns 207,247 shares of the company’s stock, valued at approximately $12,105,297.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Sangster sold 7,916 shares of the firm’s stock in a transaction on Friday, June 1st. The shares were sold at an average price of $55.64, for a total value of $440,446.24. Following the sale, the executive vice president now directly owns 7,916 shares of the company’s stock, valued at approximately $440,446.24. The disclosure for this sale can be found here. Insiders have sold a total of 524,699 shares of company stock valued at $29,333,810 in the last ninety days. Insiders own 19.81% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Wells Fargo & Co raised their price target on shares of Nutanix from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, June 25th. KeyCorp raised their price target on shares of Nutanix from $64.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, June 22nd. Royal Bank of Canada raised their price target on shares of Nutanix to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 13th. Zacks Investment Research cut shares of Nutanix from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. Finally, FBN Securities raised their price target on shares of Nutanix from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 29th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and eighteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $53.91.

Nutanix opened at $54.33 on Friday, according to Marketbeat. The company has a market capitalization of $9.21 billion, a PE ratio of -16.32 and a beta of 0.22. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.05 and a quick ratio of 3.05. Nutanix Inc has a 12 month low of $20.02 and a 12 month high of $64.87.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, May 24th. The technology company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). The company had revenue of $289.40 million during the quarter, compared to analyst estimates of $278.72 million. Nutanix had a negative net margin of 27.88% and a negative return on equity of 126.21%. The company’s quarterly revenue was up 40.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.42) EPS. sell-side analysts forecast that Nutanix Inc will post -1.74 earnings per share for the current year.

About Nutanix

Nutanix, Inc develops and provides an enterprise cloud operating system software. It offers enterprise applications, virtual desktop infrastructure, virtualization and cloud, big data, remote and branch office IT, and data protection and disaster recovery solutions; and hardware platforms and software options; and support and services.

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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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