Adage Capital Partners GP L.L.C. Invests $2.79 Million in Nutanix $NTNX

Adage Capital Partners GP L.L.C. bought a new stake in Nutanix (NASDAQ:NTNX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 40,000 shares of the technology company's stock, valued at approximately $2,792,000.

Other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its stake in Nutanix by 69.7% in the first quarter. Assenagon Asset Management S.A. now owns 39,873 shares of the technology company's stock valued at $2,784,000 after purchasing an additional 16,374 shares in the last quarter. Amalgamated Bank increased its stake in Nutanix by 4.9% in the first quarter. Amalgamated Bank now owns 14,420 shares of the technology company's stock valued at $1,007,000 after purchasing an additional 674 shares in the last quarter. GAMMA Investing LLC increased its stake in Nutanix by 63.7% in the first quarter. GAMMA Investing LLC now owns 2,768 shares of the technology company's stock valued at $193,000 after purchasing an additional 1,077 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Nutanix during the first quarter worth $2,596,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Nutanix during the first quarter worth $256,000. Institutional investors own 85.25% of the company's stock.

Nutanix Trading Down 2.3%

Shares of NTNX traded down $1.89 during midday trading on Friday, reaching $79.23. The stock had a trading volume of 4,848,838 shares, compared to its average volume of 4,048,527. The firm has a 50 day simple moving average of $72.34 and a 200-day simple moving average of $72.08. Nutanix has a one year low of $54.66 and a one year high of $83.36. The firm has a market cap of $21.24 billion, a PE ratio of 123.80, a P/E/G ratio of 7.80 and a beta of 0.59.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The technology company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. Nutanix had a net margin of 7.42% and a negative return on equity of 27.63%. The company had revenue of $653.27 million during the quarter, compared to the consensus estimate of $642.48 million. During the same quarter last year, the firm posted $0.27 EPS. The company's quarterly revenue was up 19.2% on a year-over-year basis. 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.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NTNX. Morgan Stanley restated an "overweight" rating and set a $90.00 price objective (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. The Goldman Sachs Group began coverage on shares of Nutanix in a report on Tuesday, July 15th. They set a "buy" rating and a $95.00 price objective on the stock. Bank of America dropped their price objective on shares of Nutanix from $95.00 to $93.00 and set a "buy" rating on the stock in a report on Thursday, August 28th. Citigroup raised shares of Nutanix to a "positive" rating in a research report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Nutanix from $90.00 to $81.00 and set an "overweight" rating for the company in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.07.

Insider Transactions at Nutanix

In other news, CEO Rajiv Ramaswami sold 1,925 shares of Nutanix stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $75.00, for a total value of $144,375.00. Following the completion of the transaction, 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 legal filing with the SEC, which is available at this link. Also, CFO Rukmini Sivaraman sold 2,100 shares of Nutanix stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $72.73, for a total transaction of $152,733.00. Following the completion of the transaction, the chief financial officer directly owned 209,070 shares of the company's stock, valued at approximately $15,205,661.10. This trade represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.80% of the company's stock.

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.