Nutanix $NTNX Shares Acquired by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its stake in Nutanix by 24.3%, purchasing an additional 205,353 shares during the first quarter, bringing its total ownership to approximately 1,052,162 shares worth $73,451,000.
• Insider activity revealed that Nutanix CFO Rukmini Sivaraman sold 2,100 shares, while CEO Rajiv Ramaswami sold 1,925 shares, indicating a decrease in their ownership of the company's stock.
• An array of analysts have issued positive ratings on Nutanix, with Goldman Sachs setting a price target of $95.00 and Morgan Stanley increasing their target to $90.00.

Ameriprise Financial Inc. lifted its stake in shares of Nutanix (NASDAQ:NTNX - Free Report) by 24.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,052,162 shares of the technology company's stock after purchasing an additional 205,353 shares during the period. Ameriprise Financial Inc. owned about 0.39% of Nutanix worth $73,451,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Colonial Trust Co SC bought a new position in shares of Nutanix during the fourth quarter worth about $28,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Nutanix by 78.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock worth $30,000 after purchasing an additional 191 shares during the last quarter. GW&K Investment Management LLC bought a new position in shares of Nutanix during the first quarter worth about $30,000. SouthState Corp bought a new position in shares of Nutanix during the first quarter worth about $32,000. Finally, Fifth Third Bancorp lifted its position in shares of Nutanix by 98.4% during the first 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. Institutional investors own 85.25% of the company's stock.

Insider Activity at Nutanix

In related news, Director Virginia Gambale sold 7,000 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $78.00, for a total transaction of $546,000.00. Following the transaction, the director owned 38,330 shares in the company, valued at $2,989,740. This trade represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Groen Max Pieter De sold 5,480,467 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the transaction, the director owned 5,480,468 shares in the company, valued at $420,954,747.08. This represents a 50.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,491,492 shares of company stock worth $421,797,778 over the last ninety days. Insiders own 6.80% of the company's stock.

Nutanix Stock Performance

Shares of NTNX traded up $1.15 during mid-day trading on Friday, reaching $67.21. 4,668,425 shares of the company's stock traded hands, compared to its average volume of 3,187,867. The business's 50-day moving average price is $72.81 and its 200-day moving average price is $71.88. The stock has a market capitalization of $18.02 billion, a P/E ratio of 105.02, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. Nutanix has a 12 month low of $54.66 and a 12 month high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. The company had revenue of $653.27 million for the quarter, compared to analysts' expectations of $642.48 million. Nutanix had a negative return on equity of 27.63% and a net margin of 7.42%.The business's revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts anticipate that Nutanix will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

NTNX has been the topic of a number of recent research reports. Citigroup raised shares of Nutanix to a "positive" rating in a report on Tuesday, August 5th. Bank of America cut their target price on shares of Nutanix from $95.00 to $93.00 and set a "buy" rating on the stock in a report on Thursday. Needham & Company LLC cut their target price on shares of Nutanix from $92.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday. The Goldman Sachs Group initiated coverage on shares of Nutanix in a report on Tuesday, July 15th. They issued a "buy" rating and a $95.00 target price on the stock. Finally, Piper Sandler reissued an "overweight" rating and issued a $88.00 target price (up previously from $76.00) on shares of Nutanix in a report on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Nutanix presently has an average rating of "Moderate Buy" and a consensus target price of $89.07.

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.