New York State Teachers Retirement System Invests $908,000 in Nutanix, Inc. (NASDAQ:NTNX)

New York State Teachers Retirement System bought a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,834 shares of the technology company’s stock, valued at approximately $908,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Asset Management One Co. Ltd. acquired a new stake in shares of Nutanix during the 4th quarter worth about $5,572,000. Stephens Investment Management Group LLC raised its position in shares of Nutanix by 235.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 544,516 shares of the technology company’s stock worth $33,313,000 after acquiring an additional 382,232 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Nutanix during the 4th quarter worth about $1,544,000. Sumitomo Mitsui Trust Group Inc. grew its stake in Nutanix by 5,473.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company’s stock worth $29,325,000 after buying an additional 470,717 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Nutanix by 73.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,679 shares of the technology company’s stock worth $104,000 after buying an additional 711 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of NTNX opened at $69.74 on Monday. The company has a market capitalization of $18.69 billion, a P/E ratio of -199.26, a P/E/G ratio of 11.80 and a beta of 1.17. Nutanix, Inc. has a one year low of $43.35 and a one year high of $75.80. The stock has a 50-day moving average price of $66.31 and a 200 day moving average price of $63.51.

Analyst Upgrades and Downgrades

NTNX has been the topic of a number of research reports. Raymond James dropped their price target on Nutanix from $83.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. UBS Group initiated coverage on Nutanix in a research note on Thursday, December 12th. They set a “buy” rating and a $81.00 price target on the stock. Wells Fargo & Company lifted their target price on Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Piper Sandler lifted their target price on Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, StockNews.com downgraded Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Nutanix has a consensus rating of “Moderate Buy” and a consensus price target of $79.50.

Insider Activity at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 63,901 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the sale, the chief executive officer now owns 649,034 shares in the company, valued at $42,738,888.90. This represents a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Rukmini Sivaraman sold 11,810 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total value of $786,900.30. Following the sale, the chief financial officer now owns 190,882 shares in the company, valued at $12,718,467.66. The trade was a 5.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 177,917 shares of company stock valued at $12,114,781. Insiders own 6.80% of the company’s stock.

Nutanix Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.