State Board of Administration of Florida Retirement System increased its holdings in Nutanix Inc (NASDAQ:NTNX) by 1.9% in the first quarter, HoldingsChannel.com reports. The firm owned 173,735 shares of the technology company’s stock after buying an additional 3,180 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Nutanix were worth $6,557,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NTNX. FMR LLC raised its holdings in Nutanix by 13.0% in the 4th quarter. FMR LLC now owns 19,000,669 shares of the technology company’s stock worth $790,238,000 after purchasing an additional 2,179,982 shares during the period. Frontier Capital Management Co. LLC raised its holdings in Nutanix by 136.2% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,587,285 shares of the technology company’s stock worth $107,605,000 after purchasing an additional 1,491,988 shares during the period. Norges Bank acquired a new position in Nutanix in the 4th quarter worth about $57,947,000. BlackRock Inc. raised its holdings in Nutanix by 26.0% in the 4th quarter. BlackRock Inc. now owns 4,967,842 shares of the technology company’s stock worth $206,611,000 after purchasing an additional 1,024,789 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new position in Nutanix in the 4th quarter worth about $20,251,000. 52.85% of the stock is owned by institutional investors.
NTNX stock opened at $38.62 on Wednesday. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $7.10 billion, a PE ratio of -22.85 and a beta of 1.07. Nutanix Inc has a 1 year low of $32.52 and a 1 year high of $64.87.
A number of equities analysts recently weighed in on NTNX shares. Zacks Investment Research raised Nutanix from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Wednesday, May 1st. Maxim Group reduced their target price on Nutanix from $72.00 to $62.00 and set a “buy” rating for the company in a report on Friday, March 1st. Deutsche Bank initiated coverage on Nutanix in a report on Tuesday, March 12th. They set a “hold” rating for the company. BTIG Research reduced their target price on Nutanix to $50.00 and set a “buy” rating for the company in a report on Friday, March 1st. Finally, Stifel Nicolaus cut Nutanix from a “buy” rating to a “hold” rating and reduced their target price for the company from $55.00 to $39.00 in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Nutanix has an average rating of “Buy” and an average price target of $53.31.
In other news, Director John Mcadam sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $40.00, for a total value of $600,000.00. Following the completion of the sale, the director now directly owns 54,024 shares in the company, valued at $2,160,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tyler Wall sold 12,132 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $41.23, for a total value of $500,202.36. The disclosure for this sale can be found here. Insiders sold 35,049 shares of company stock valued at $1,385,135 over the last 90 days. Company insiders own 14.57% of the company’s stock.
Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.
Further Reading: Resistance Level
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