Canada Pension Plan Investment Board Cuts Stake in Nutanix $NTNX

Key Points

• The Canada Pension Plan Investment Board reduced its stake in Nutanix by 49.1%, holding approximately 0.06% of the company's stock worth $11,854,000 after selling 163,600 shares in the first quarter.
• Insider activity at Nutanix saw significant sales, including a director selling over 5.4 million shares for approximately $420.95 million, representing a 50% decrease in their ownership.
• Nutanix reported earnings per share (EPS) of $0.37 for the latest quarter, surpassing estimates, with revenue growth of 19.2% year-over-year, and has set guidance for the current fiscal year at $0.31 EPS.

Canada Pension Plan Investment Board lessened its holdings in Nutanix (NASDAQ:NTNX - Free Report) by 49.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 169,800 shares of the technology company's stock after selling 163,600 shares during the period. Canada Pension Plan Investment Board owned about 0.06% of Nutanix worth $11,854,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. GW&K Investment Management LLC purchased a new stake in shares of Nutanix during the first quarter worth about $30,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Nutanix by 78.0% in 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. Colonial Trust Co SC bought a new position in shares of Nutanix in the 4th quarter worth about $28,000. SouthState Corp acquired a new stake in Nutanix during the first quarter worth about $32,000. Finally, Fifth Third Bancorp boosted its stake in Nutanix by 98.4% in the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock valued at $35,000 after acquiring an additional 250 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Nutanix Price Performance

Shares of NTNX opened at $67.21 on Tuesday. The company has a market capitalization of $18.02 billion, a price-to-earnings ratio of 105.02, a P/E/G ratio of 6.61 and a beta of 0.59. The business's 50-day moving average is $72.68 and its 200-day moving average is $71.88. Nutanix has a fifty-two week low of $54.66 and a fifty-two week high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. The firm had revenue of $653.27 million during 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts expect that Nutanix will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NTNX has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on Nutanix from $90.00 to $81.00 and set an "overweight" rating on the stock in a research report on Thursday, August 28th. Piper Sandler reissued an "overweight" rating and issued a $88.00 price objective (up from $76.00) on shares of Nutanix in a report on Thursday, May 29th. 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 research note on Thursday. The Goldman Sachs Group assumed coverage on shares of Nutanix in a research report on Tuesday, July 15th. They issued a "buy" rating and a $95.00 target price for the company. Finally, Bank of America reduced their price target on shares of Nutanix from $95.00 to $93.00 and set a "buy" rating for the company in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.