Nutanix $NTNX Shares Acquired by Aristeia Capital L.L.C.

Key Points

• Aristeia Capital L.L.C. increased its stake in Nutanix by 17.3%, acquiring an additional 16,900 shares, bringing its total holdings to 114,600 shares valued at approximately $8 million.
• Nutanix reported a quarterly earnings per share of $0.37, exceeding analyst expectations of $0.31, with a revenue increase of 19.2% year-over-year.
• Analysts have set a consensus price target of $89.07 for Nutanix, with multiple firms indicating a "buy" or "overweight" rating on the stock.

Aristeia Capital L.L.C. grew its stake in shares of Nutanix (NASDAQ:NTNX - Free Report) by 17.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,600 shares of the technology company's stock after purchasing an additional 16,900 shares during the quarter. Aristeia Capital L.L.C.'s holdings in Nutanix were worth $8,000,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NTNX. Mercer Global Advisors Inc. ADV lifted its stake in Nutanix by 65.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,532 shares of the technology company's stock worth $706,000 after acquiring an additional 4,544 shares during the period. Captrust Financial Advisors lifted its stake in Nutanix by 108.6% in the fourth quarter. Captrust Financial Advisors now owns 26,131 shares of the technology company's stock worth $1,599,000 after acquiring an additional 13,602 shares during the period. BOKF NA lifted its stake in Nutanix by 74,300.0% in the fourth quarter. BOKF NA now owns 4,464 shares of the technology company's stock worth $278,000 after acquiring an additional 4,458 shares during the period. Centiva Capital LP lifted its stake in Nutanix by 17.8% in the fourth quarter. Centiva Capital LP now owns 6,201 shares of the technology company's stock worth $379,000 after acquiring an additional 936 shares during the period. Finally, Cetera Investment Advisers lifted its stake in Nutanix by 1.9% in the fourth quarter. Cetera Investment Advisers now owns 62,962 shares of the technology company's stock worth $3,852,000 after acquiring an additional 1,175 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Nutanix

In related news, 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 in the company, valued at approximately $15,205,661.10. This represents a 0.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rajiv Ramaswami sold 1,925 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $75.00, for a total transaction of $144,375.00. Following the completion of the transaction, the chief executive officer owned 518,561 shares in the company, valued at approximately $38,892,075. This trade represents a 0.37% decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

Nutanix Stock Down 2.3%

Shares of NTNX traded down $1.89 during trading hours on Friday, reaching $79.23. 4,848,838 shares of the company traded hands, compared to its average volume of 4,048,527. The stock has a market capitalization of $21.24 billion, a P/E ratio of 123.80, a P/E/G ratio of 7.80 and a beta of 0.59. Nutanix has a 12-month low of $54.66 and a 12-month high of $83.36. The business has a fifty day moving average price of $72.34 and a 200-day moving average price of $72.06.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $653.27 million for the quarter, compared to analyst estimates of $642.48 million. Nutanix had a net margin of 7.42% and a negative return on equity of 27.63%. The business's quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 earnings per share. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, research analysts predict that Nutanix will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of Nutanix in a research note on Tuesday, July 15th. They issued a "buy" rating and a $95.00 price objective for the company. Bank of America decreased 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 set a $90.00 price target (up from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. Citigroup raised shares of Nutanix to a "positive" rating in a research report on Tuesday, August 5th. Finally, Piper Sandler reissued an "overweight" rating and set a $88.00 price target (up from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Nutanix presently has an average rating of "Moderate Buy" and an average price target of $89.07.

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.