Annex Advisory Services LLC Has $46.88 Million Position in Nutanix $NTNX

Key Points

• Annex Advisory Services LLC increased its position in Nutanix by 14.8%, owning 613,264 shares worth approximately $46.88 million, making it the firm's 27th largest holding.
• Nutanix reported $0.37 earnings per share for the latest quarter, exceeding estimates, and a 19.2% year-over-year revenue increase to $653.27 million.
• Institutional investors hold about 85.25% of Nutanix stock, with notable recent purchases by firms like AQR Capital Management and Perpetual Ltd.

Annex Advisory Services LLC lifted its position in shares of Nutanix (NASDAQ:NTNX - Free Report) by 14.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 613,264 shares of the technology company's stock after acquiring an additional 79,043 shares during the quarter. Nutanix makes up about 1.1% of Annex Advisory Services LLC's investment portfolio, making the stock its 27th largest position. Annex Advisory Services LLC owned approximately 0.23% of Nutanix worth $46,878,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NTNX. AQR Capital Management LLC raised its position in shares of Nutanix by 65.5% during the first 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. Jericho Capital Asset Management L.P. lifted its stake in Nutanix by 46.8% in the first quarter. Jericho Capital Asset Management L.P. now owns 4,102,993 shares of the technology company's stock valued at $286,430,000 after buying an additional 1,308,357 shares during the period. Nuveen LLC acquired a new position in Nutanix in the first quarter valued at about $86,949,000. Perpetual Ltd lifted its stake in Nutanix by 10,205.2% in the first quarter. Perpetual Ltd now owns 875,946 shares of the technology company's stock valued at $61,150,000 after buying an additional 867,446 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in 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 valued at $35,353,000 after buying an additional 496,150 shares during the period. Institutional investors own 85.25% of the company's stock.

Nutanix Price Performance

Shares of Nutanix stock traded up $0.29 during trading hours on Tuesday, hitting $75.67. The company's stock had a trading volume of 1,822,083 shares, compared to its average volume of 2,926,184. Nutanix has a 12 month low of $54.66 and a 12 month high of $83.36. The stock has a 50 day moving average of $72.66 and a 200 day moving average of $72.14. The company has a market capitalization of $20.28 billion, a PE ratio of 118.13, a price-to-earnings-growth ratio of 7.42 and a beta of 0.59.

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

Analyst Ratings Changes

Several equities analysts have weighed in on NTNX shares. JPMorgan Chase & Co. cut their target price on Nutanix from $90.00 to $81.00 and set an "overweight" rating on the stock in a research note on Thursday, August 28th. Susquehanna increased their target price on Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research note on Thursday, May 29th. Citigroup raised Nutanix to a "positive" rating in a research note on Tuesday, August 5th. KeyCorp started coverage on Nutanix in a research note on Thursday, June 26th. They issued an "overweight" rating and a $95.00 target price on the stock. Finally, Wells Fargo & Company cut their target price on Nutanix from $85.00 to $71.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 28th. 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 company's stock. Based on data from MarketBeat, Nutanix currently has an average rating of "Moderate Buy" and a consensus target price of $89.07.

Insider Activity

In other news, CFO Rukmini Sivaraman sold 11,391 shares of the company's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $78.34, for a total transaction of $892,370.94. Following the completion of the transaction, the chief financial officer directly owned 254,637 shares of the company's stock, valued at $19,948,262.58. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rajiv Ramaswami sold 1,925 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $75.00, for a total value of $144,375.00. Following the transaction, the chief executive officer directly owned 518,561 shares of the company's stock, valued at $38,892,075. This represents a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is owned by corporate insiders.

Nutanix 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.