Voleon Capital Management LP acquired a new stake in shares of Nutanix (NASDAQ:NTNX – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,595 shares of the technology company’s stock, valued at approximately $879,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Twin Tree Management LP bought a new stake in Nutanix during the first quarter worth approximately $29,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Nutanix by 78.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company’s stock worth $30,000 after acquiring an additional 191 shares in the last quarter. GW&K Investment Management LLC bought a new stake in shares of Nutanix during the 1st quarter worth $30,000. SouthState Corp acquired a new position in shares of Nutanix in the 1st quarter worth $32,000. Finally, Fifth Third Bancorp raised its position in shares of Nutanix by 98.4% during the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company’s stock worth $35,000 after purchasing an additional 250 shares during the period. 85.25% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Nutanix news, CEO Rajiv Ramaswami sold 1,925 shares of Nutanix stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total transaction of $144,375.00. Following the completion of the sale, the chief executive officer owned 518,561 shares of the company’s stock, valued at $38,892,075. This trade represents a 0.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Rukmini Sivaraman sold 2,100 shares of the business’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $72.73, for a total transaction of $152,733.00. Following the transaction, the chief financial officer owned 209,070 shares in the company, valued at approximately $15,205,661.10. This represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is owned by corporate insiders.
Nutanix Trading Up 1.0%
Nutanix (NASDAQ:NTNX – Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The business had revenue of $653.27 million during the quarter, compared to analyst estimates of $642.48 million. Nutanix had a net margin of 7.42% and a negative return on equity of 27.63%. The firm’s revenue was up 19.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Research analysts anticipate that Nutanix will post 0.31 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on NTNX shares. Bank of America decreased their price target on Nutanix from $95.00 to $93.00 and set a “buy” rating for the company in a research report on Thursday, August 28th. Piper Sandler reiterated an “overweight” rating and issued a $88.00 target price (up from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Wall Street Zen downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 30th. Wells Fargo & Company cut their price target on shares of Nutanix from $85.00 to $71.00 and set an “equal weight” rating on the stock in a report on Thursday, August 28th. Finally, Citigroup raised shares of Nutanix to a “positive” rating in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.07.
View Our Latest Stock Report on Nutanix
About Nutanix
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.
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