Financiere des Professionnels Fonds d investissement inc. Invests $761,000 in Nutanix $NTNX

Key Points

• Financiere des Professionnels Fonds d investissement inc. acquired 9,949 shares of Nutanix worth approximately $761,000, marking a new investment in the technology company during the second quarter.
• Nutanix reported quarterly earnings of $0.37 per share, surpassing estimates, with a revenue of $653.27 million, reflecting a 19.2% year-over-year increase.
• Institutional investors now hold 85.25% of Nutanix's stock, with significant increases from firms like Jericho Capital and AQR Capital Management in recent quarters.

Financiere des Professionnels Fonds d investissement inc. bought a new stake in Nutanix (NASDAQ:NTNX - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,949 shares of the technology company's stock, valued at approximately $761,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NTNX. Twin Tree Management LP purchased a new position in Nutanix in the first quarter worth approximately $29,000. MassMutual Private Wealth & Trust FSB grew its holdings in 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 purchased a new stake in shares of Nutanix during the 1st quarter worth $30,000. SouthState Corp purchased a new stake in shares of Nutanix during the 1st quarter worth $32,000. Finally, Fifth Third Bancorp lifted its position in shares of Nutanix by 98.4% during the 1st 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 last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NTNX shares. Wells Fargo & Company decreased their price target on Nutanix from $85.00 to $71.00 and set an "equal weight" rating for the company in a report on Thursday, August 28th. The Goldman Sachs Group initiated coverage on Nutanix in a research note on Tuesday, July 15th. They set a "buy" rating and a $95.00 target price for the company. Barclays decreased their target price on Nutanix from $94.00 to $82.00 and set an "overweight" rating for the company in a research note on Thursday, August 28th. Needham & Company LLC reduced their price objective on shares of Nutanix from $92.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, August 28th. Finally, Bank of America reduced their price objective on shares of Nutanix from $95.00 to $93.00 and set a "buy" 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 issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $89.07.

Insider Activity at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 1,925 shares of the business's stock in a transaction on Thursday, June 26th. The stock was 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 directly owned 518,561 shares in the company, valued at approximately $38,892,075. The trade was a 0.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 11,391 shares of Nutanix stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $78.34, for a total value 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 approximately $19,948,262.58. This represents a 4.28% decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by insiders.

Nutanix Price Performance

Shares of NTNX stock traded down $1.07 during trading hours on Friday, reaching $77.09. 36,193,596 shares of the company's stock were exchanged, compared to its average volume of 2,922,001. The company's 50 day moving average is $72.51 and its two-hundred day moving average is $72.14. The company has a market cap of $20.67 billion, a P/E ratio of 120.46, a price-to-earnings-growth ratio of 7.47 and a beta of 0.59. Nutanix has a 1 year low of $54.66 and a 1 year high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The technology company reported $0.37 earnings per share 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 analysts' expectations of $642.48 million. Nutanix had a net margin of 7.42% and a negative return on equity of 27.63%. The company's revenue was up 19.2% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, analysts predict that Nutanix will post 0.31 EPS for the current fiscal year.

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.