31,261 Shares of Nutanix $NTNX Purchased by Gallagher Capital Advisors LLC

Key Points

• Gallagher Capital Advisors initiated a Nutanix position by purchasing 31,261 shares valued at approximately $2.18 million. Institutional investors and hedge funds collectively own 85.25% of the company.
• Nutanix’s latest quarterly results exceeded expectations, with EPS of $0.60 versus the $0.49 consensus and revenue of $757.1 million, up 15.9% year over year.
• Despite a “Moderate Buy” analyst consensus and an average price target of $73.07, insiders have sold heavily in recent months; insiders sold 441,639 shares worth about $32.4 million over the past 90 days.

Gallagher Capital Advisors LLC bought a new position in Nutanix (NASDAQ:NTNX - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 31,261 shares of the technology company's stock, valued at approximately $2,175,000. Nutanix makes up approximately 1.1% of Gallagher Capital Advisors LLC's investment portfolio, making the stock its 27th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Riversedge Advisors LLC increased its holdings in shares of Nutanix by 9.0% in the third quarter. Riversedge Advisors LLC now owns 5,576 shares of the technology company's stock valued at $393,000 after purchasing an additional 462 shares during the last quarter. Wedmont Private Capital lifted its position in Nutanix by 11.0% during the third quarter. Wedmont Private Capital now owns 4,602 shares of the technology company's stock worth $336,000 after buying an additional 457 shares in the last quarter. LifeGoal Investments LLC acquired a new position in Nutanix during the third quarter worth $260,000. Stableford Capital II LLC acquired a new position in Nutanix during the third quarter worth $973,000. Finally, GAMMA Investing LLC grew its holdings in Nutanix by 12.4% in the 3rd quarter. GAMMA Investing LLC now owns 11,305 shares of the technology company's stock valued at $796,000 after buying an additional 1,245 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Nutanix

In other Nutanix news, Director Teresa Sheppard sold 3,500 shares of the company's stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $73.67, for a total value of $257,845.00. Following the transaction, the director owned 23,488 shares of the company's stock, valued at $1,730,360.96. This represents a 12.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Rukmini Sivaraman sold 38,139 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $70.00, for a total transaction of $2,669,730.00. Following the transaction, the chief financial officer directly owned 325,487 shares of the company's stock, valued at approximately $22,784,090. This trade represents a 10.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 441,639 shares of company stock worth $32,387,844. Company insiders own 2.40% of the company's stock.

Nutanix Price Performance

NTNX stock opened at $74.63 on Friday. Nutanix has a 52-week low of $34.01 and a 52-week high of $74.66. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.92. The stock has a market cap of $20.19 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 3.62 and a beta of 0.64. The business has a fifty day moving average of $67.71 and a two-hundred day moving average of $54.35.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.49 by $0.11. The business had revenue of $757.08 million for the quarter, compared to analyst estimates of $738.27 million. Nutanix had a negative return on equity of 90.13% and a net margin of 52.81%. The company's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.37 EPS. As a group, research analysts anticipate that Nutanix will post 1.17 earnings per share for the current year.

More Nutanix News

Here are the key news stories impacting Nutanix this week:

• Positive Sentiment: AI-focused customer momentum: Bharat Heavy Electricals Limited (BHEL) and SIS Limited highlighted Nutanix technology in initiatives to modernize infrastructure, support core applications and prepare for artificial-intelligence workloads. The reports did not disclose contract values, but they reinforce the company’s positioning in enterprise hybrid-cloud and AI infrastructure. BHEL accelerates innovation and readies for the AI era with Nutanix SIS Limited Modernizes Core Applications and Drives AI Readiness with Nutanix
• Positive Sentiment: Institutional support and analyst optimism: Several large investment firms increased their Nutanix holdings, while Needham initiated coverage with a Buy rating and a $90 price target. The broader analyst consensus remains “Moderate Buy,” although the consensus target of approximately $73 is close to the current trading range.
• Positive Sentiment: Solid operating backdrop: Nutanix’s latest quarterly results exceeded expectations, with adjusted EPS of $0.60 versus the $0.49 consensus and revenue of $757.1 million versus $738.3 million expected. Revenue increased 15.9% year over year, supporting the stock’s valuation and growth narrative.
• Neutral Sentiment: Short-interest data: Reported short interest was zero shares, implying no measurable short-selling pressure. Investors should treat the figure cautiously because it may reflect a reporting or data anomaly.
• Negative Sentiment: Heavy insider selling: CEO Rajiv Ramaswami sold 324,955 shares for approximately $23.9 million on October 6 and another 75,045 shares for about $5.6 million on October 7, reducing his holdings by roughly 40% across the reported transactions. Director Teresa Sheppard separately sold 3,500 shares worth approximately $257,845. These sales can raise concerns about insider confidence, although they may also reflect personal diversification or scheduled transactions. Nutanix CEO Rajiv Ramaswami sells shares

Analysts Set New Price Targets

A number of analysts have issued reports on NTNX shares. Wall Street Zen raised Nutanix from a "hold" rating to a "buy" rating in a research note on Saturday, July 4th. Wells Fargo & Company boosted their price target on shares of Nutanix from $55.00 to $65.00 and gave the company an "equal weight" rating in a research report on Thursday, August 27th. Weiss Ratings raised shares of Nutanix from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday. Barclays raised their price objective on shares of Nutanix from $53.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Friday, August 28th. Finally, UBS Group set a $85.00 target price on shares of Nutanix in a report on Thursday, August 27th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, Nutanix presently has a consensus rating of "Moderate Buy" and an average price target of $73.07.

Nutanix Company Profile

Nutanix, Inc develops enterprise cloud software that helps organizations manage applications and data across on-premises infrastructure, public clouds and hybrid multicloud environments. Its platform is designed to simplify the operation of data centers and cloud resources through a unified software experience.

The company's offerings include hyperconverged infrastructure software, the Nutanix Cloud Infrastructure platform and AHV virtualization. Nutanix also provides services for file and object storage, databases, disaster recovery, Kubernetes and application management, as well as tools that help customers monitor, secure and govern their hybrid and multicloud environments.

Founded in 2009 and headquartered in San Jose, California, Nutanix serves businesses, government organizations and other institutions globally through direct sales and channel partners.

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