Prudential Financial Inc. Buys 203,449 Shares of Nutanix $NTNX

Prudential Financial Inc. raised its stake in shares of Nutanix (NASDAQ:NTNX) by 1,069.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 222,472 shares of the technology company’s stock after buying an additional 203,449 shares during the quarter. Prudential Financial Inc.’s holdings in Nutanix were worth $15,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avantax Advisory Services Inc. increased its position in shares of Nutanix by 11.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 6,322 shares of the technology company’s stock valued at $441,000 after purchasing an additional 624 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Nutanix by 3.1% in the first quarter. Cetera Investment Advisers now owns 64,940 shares of the technology company’s stock worth $4,533,000 after buying an additional 1,978 shares during the last quarter. TD Asset Management Inc grew its position in Nutanix by 4.0% during the first quarter. TD Asset Management Inc now owns 45,315 shares of the technology company’s stock valued at $3,163,000 after buying an additional 1,750 shares during the period. LPL Financial LLC increased its holdings in Nutanix by 39.0% during the first quarter. LPL Financial LLC now owns 99,735 shares of the technology company’s stock valued at $6,962,000 after buying an additional 28,003 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Nutanix during the 1st quarter worth $736,000. 85.25% of the stock is owned by institutional investors.

Nutanix Stock Performance

NTNX stock opened at $48.34 on Thursday. The firm has a fifty day moving average price of $69.22 and a 200 day moving average price of $72.62. Nutanix has a fifty-two week low of $47.39 and a fifty-two week high of $83.36. The firm has a market cap of $12.99 billion, a PE ratio of 75.53, a price-to-earnings-growth ratio of 6.55 and a beta of 0.54.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Tuesday, November 25th. The technology company reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. The business had revenue of $670.58 million for the quarter, compared to the consensus estimate of $677.23 million. Nutanix had a negative return on equity of 28.01% and a net margin of 7.42%.The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 earnings per share. Nutanix has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, equities analysts predict that Nutanix will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other Nutanix news, CFO Rukmini Sivaraman sold 11,391 shares of Nutanix 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 completion of the sale, the chief financial officer directly owned 254,637 shares of the company’s stock, valued at $19,948,262.58. The trade was a 4.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Teresa Gayle Sheppard sold 3,500 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $76.48, for a total transaction of $267,680.00. Following the completion of the sale, the director directly owned 22,400 shares of the company’s stock, valued at approximately $1,713,152. This trade represents a 13.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 159,598 shares of company stock worth $12,218,560 over the last quarter. Company insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

NTNX has been the topic of several analyst reports. Bank of America lowered their target price on Nutanix from $93.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday. Northland Capmk downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Barclays reaffirmed an “overweight” rating and set a $64.00 price objective on shares of Nutanix in a research report on Wednesday. Wells Fargo & Company reduced their target price on shares of Nutanix from $71.00 to $57.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Citigroup upgraded shares of Nutanix to a “positive” rating in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.47.

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.