Public Employees Retirement System of Ohio Reduces Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Public Employees Retirement System of Ohio lowered its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,399 shares of the technology company’s stock after selling 4,393 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Nutanix were worth $7,074,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NTNX. Freedom Investment Management Inc. grew its holdings in Nutanix by 4.0% during the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock valued at $230,000 after purchasing an additional 151 shares during the period. CIBC Asset Management Inc grew its stake in shares of Nutanix by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock valued at $417,000 after acquiring an additional 233 shares during the period. Paragon Capital Management Inc. increased its holdings in Nutanix by 1.0% in the 3rd quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company’s stock worth $1,545,000 after acquiring an additional 258 shares in the last quarter. Larson Financial Group LLC raised its stake in Nutanix by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after acquiring an additional 281 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after purchasing an additional 321 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Down 3.9 %

Nutanix stock opened at $66.05 on Friday. The company’s 50-day moving average price is $66.13 and its 200-day moving average price is $59.19. The company has a market cap of $17.52 billion, a PE ratio of -188.71, a price-to-earnings-growth ratio of 10.14 and a beta of 1.13. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $75.80.

Wall Street Analysts Forecast Growth

NTNX has been the subject of a number of analyst reports. Bank of America increased their price objective on shares of Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. increased their price target on Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Oppenheimer began coverage on Nutanix in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price objective on the stock. StockNews.com raised Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 28th. Finally, UBS Group initiated coverage on Nutanix in a research note on Thursday. They set a “buy” rating and a $81.00 target price on the stock. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $79.00.

Insider Buying and Selling

In other news, COO David Sangster sold 11,950 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total value of $714,968.50. Following the completion of the sale, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. This trade represents a 8.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the transaction, the chief financial officer now directly owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. This represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by company insiders.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.