Arizona State Retirement System grew its position in shares of Nutanix, Inc. (NASDAQ:NTNX – Get Rating) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,938 shares of the technology company's stock after purchasing an additional 1,750 shares during the period. Arizona State Retirement System's holdings in Nutanix were worth $1,249,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Diversified Trust Co boosted its position in shares of Nutanix by 1.9% in the third quarter. Diversified Trust Co now owns 26,266 shares of the technology company's stock worth $547,000 after acquiring an additional 490 shares during the last quarter. Vident Investment Advisory LLC boosted its position in shares of Nutanix by 5.7% in the first quarter. Vident Investment Advisory LLC now owns 11,627 shares of the technology company's stock worth $312,000 after acquiring an additional 630 shares during the last quarter. US Bancorp DE boosted its position in shares of Nutanix by 41.8% in the second quarter. US Bancorp DE now owns 2,716 shares of the technology company's stock worth $40,000 after acquiring an additional 801 shares during the last quarter. Xponance Inc. boosted its position in shares of Nutanix by 5.6% in the third quarter. Xponance Inc. now owns 15,164 shares of the technology company's stock worth $316,000 after acquiring an additional 809 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its position in shares of Nutanix by 33.4% in the second quarter. Loomis Sayles & Co. L P now owns 3,732 shares of the technology company's stock worth $55,000 after acquiring an additional 935 shares during the last quarter. 76.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Needham & Company LLC raised their target price on shares of Nutanix from $31.00 to $33.00 and gave the stock a "buy" rating in a research report on Thursday, December 1st. Bank of America raised their price target on shares of Nutanix from $24.00 to $33.00 in a report on Thursday, December 1st. Morgan Stanley raised their price target on shares of Nutanix from $26.00 to $30.00 and gave the company an "equal weight" rating in a report on Tuesday, December 13th. Wells Fargo & Company raised their price target on shares of Nutanix from $20.00 to $32.00 and gave the company an "equal weight" rating in a report on Thursday, December 1st. Finally, Barclays raised their price target on shares of Nutanix to $34.00 in a report on Friday, December 2nd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Nutanix presently has a consensus rating of "Moderate Buy" and an average target price of $31.58.

Nutanix Trading Down 0.9 %

Nutanix (NASDAQ:NTNX – Get Rating) last posted its quarterly earnings data on Wednesday, November 30th. The technology company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.51) by $0.19. The firm had revenue of $433.61 million for the quarter, compared to analysts' expectations of $413.06 million. On average, sell-side analysts anticipate that Nutanix, Inc. will post -1.17 EPS for the current year.

Insider Buying and Selling

In related news, Director Craig Conway sold 25,000 shares of Nutanix stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $30.38, for a total value of $759,500.00. Following the completion of the sale, the director now owns 33,363 shares in the company, valued at $1,013,567.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Craig Conway sold 25,000 shares of Nutanix stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $30.38, for a total value of $759,500.00. Following the completion of the sale, the director now owns 33,363 shares in the company, valued at $1,013,567.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tyler Wall sold 9,906 shares of Nutanix stock in a transaction on Friday, December 16th. The stock was sold at an average price of $30.51, for a total transaction of $302,232.06. Following the completion of the sale, the insider now owns 138,256 shares of the company's stock, valued at approximately $4,218,190.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 324,686 shares of company stock worth $9,538,498. Insiders own 0.43% of the company's stock.

About Nutanix

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Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. The firm also provides software solutions and cloud services to customers' enterprise infrastructure. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.

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