Alliancebernstein L.P. Sells 229,999 Shares of Nutanix $NTNX

Key Points

• Alliancebernstein L.P. has decreased its ownership in Nutanix by 14.8%, selling 229,999 shares and now holding a total of 1,328,818 shares valued at approximately $92.76 million.
• Despite the reduction from Alliancebernstein, other institutional investors have increased their stakes in Nutanix, with AQR Capital Management raising its holdings by 65.5% during the same quarter.
• Nutanix recently reported a quarterly earnings per share of $0.37, beating analyst expectations, while its revenue increased by 19.2% year-over-year to $653.27 million.

Alliancebernstein L.P. lessened its holdings in Nutanix (NASDAQ:NTNX - Free Report) by 14.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,328,818 shares of the technology company's stock after selling 229,999 shares during the period. Alliancebernstein L.P. owned about 0.50% of Nutanix worth $92,765,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its stake in shares of Nutanix by 65.5% during the 1st quarter. AQR Capital Management LLC now owns 3,604,005 shares of the technology company's stock worth $246,874,000 after acquiring an additional 1,426,049 shares during the last quarter. Nuveen LLC purchased a new position in Nutanix during the first quarter valued at $86,949,000. Perpetual Ltd grew its holdings in Nutanix by 10,205.2% during the first quarter. Perpetual Ltd now owns 875,946 shares of the technology company's stock valued at $61,150,000 after purchasing an additional 867,446 shares during the period. Annex Advisory Services LLC purchased a new stake in Nutanix in the first quarter worth about $37,294,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Nutanix by 4,832.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 506,418 shares of the technology company's stock worth $35,353,000 after buying an additional 496,150 shares during the period. 85.25% of the stock is currently owned by institutional investors.

Insider Transactions at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 1,925 shares of Nutanix stock in a transaction that occurred 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 sale, the chief executive officer owned 518,561 shares of the company's stock, valued at $38,892,075. The trade was a 0.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Rukmini Sivaraman sold 2,100 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $72.73, for a total value of $152,733.00. Following the transaction, the chief financial officer owned 209,070 shares of the company's stock, valued at $15,205,661.10. This represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on NTNX shares. The Goldman Sachs Group started coverage on Nutanix in a research note on Tuesday, July 15th. They set a "buy" rating and a $95.00 price objective for the company. Bank of America dropped their price target 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. Morgan Stanley reissued an "overweight" rating and issued a $90.00 price objective (up from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Raymond James Financial downgraded shares of Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company dropped their target price on shares of Nutanix from $85.00 to $71.00 and set an "equal weight" rating for the company in a report on Thursday, August 28th. One investment 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.07.

Nutanix Trading Up 5.1%

Shares of NASDAQ:NTNX traded up $3.97 during midday trading on Thursday, reaching $81.12. 5,668,558 shares of the company were exchanged, compared to its average volume of 3,857,403. The stock has a market cap of $21.75 billion, a PE ratio of 126.75, a price-to-earnings-growth ratio of 7.42 and a beta of 0.59. The business's fifty day moving average is $72.29 and its two-hundred day moving average is $71.97. Nutanix has a one year low of $54.66 and a one year high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. Nutanix had a net margin of 7.42% and a negative return on equity of 27.63%. The business had revenue of $653.27 million for the quarter, compared to analysts' expectations of $642.48 million. During the same quarter in the previous year, the company earned $0.27 EPS. The business'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, sell-side analysts expect that Nutanix will post 0.31 EPS for the current 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.