Bank of New York Mellon Corp Sells 24,685 Shares of Nutanix $NTNX

Bank of New York Mellon Corp cut its holdings in Nutanix (NASDAQ:NTNX) by 2.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,109,358 shares of the technology company’s stock after selling 24,685 shares during the period. Bank of New York Mellon Corp’s holdings in Nutanix were worth $84,799,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Earned Wealth Advisors LLC increased its position in shares of Nutanix by 3.8% during the 2nd quarter. Earned Wealth Advisors LLC now owns 3,915 shares of the technology company’s stock worth $299,000 after purchasing an additional 142 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Nutanix by 42.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $38,000 after buying an additional 150 shares during the last quarter. Aaron Wealth Advisors LLC grew its stake in shares of Nutanix by 2.6% in the second quarter. Aaron Wealth Advisors LLC now owns 6,489 shares of the technology company’s stock valued at $496,000 after buying an additional 162 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in Nutanix by 4.4% during the first quarter. Concurrent Investment Advisors LLC now owns 4,163 shares of the technology company’s stock worth $291,000 after buying an additional 177 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings in Nutanix by 2.0% during the second quarter. Cullen Frost Bankers Inc. now owns 9,199 shares of the technology company’s stock worth $703,000 after buying an additional 180 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Analyst Ratings Changes

NTNX has been the topic of a number of research analyst reports. The Goldman Sachs Group started coverage on shares of Nutanix in a report on Tuesday, July 15th. They issued a “buy” rating and a $95.00 target price on the stock. Needham & Company LLC decreased their target price on Nutanix from $92.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, August 28th. Citigroup upgraded Nutanix to a “positive” rating in a research note on Tuesday, August 5th. Barclays cut their price target on Nutanix from $94.00 to $82.00 and set an “overweight” rating for the company in a report on Thursday, August 28th. Finally, Northland Capmk downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.67.

Insider Activity

In other Nutanix news, Director Teresa Gayle Sheppard sold 3,500 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $76.48, for a total transaction of $267,680.00. Following the transaction, the director directly owned 22,400 shares in the company, valued at approximately $1,713,152. This represents a 13.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 11,391 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $78.34, for a total transaction of $892,370.94. Following the transaction, the chief financial officer directly owned 254,637 shares in the company, valued at approximately $19,948,262.58. This represents a 4.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 159,598 shares of company stock valued at $12,218,560. Company insiders own 2.40% of the company’s stock.

Nutanix Stock Performance

Shares of NTNX opened at $69.62 on Friday. Nutanix has a 52-week low of $54.66 and a 52-week high of $83.36. The firm has a market cap of $18.71 billion, a price-to-earnings ratio of 108.78, a PEG ratio of 6.55 and a beta of 0.54. The business’s fifty day moving average is $72.23 and its 200-day moving average is $73.33.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data 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. Nutanix had a net margin of 7.42% and a negative return on equity of 28.01%. The business had revenue of $653.27 million during the quarter, compared to analysts’ expectations of $642.48 million. During the same period in the prior year, the company earned $0.27 EPS. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, research analysts forecast that Nutanix will post 0.31 EPS for the current fiscal year.

Nutanix Company 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.