Counterpoint Mutual Funds LLC Acquires New Shares in Nutanix $NTNX

Key Points

• Counterpoint Mutual Funds LLC has acquired 34,581 shares of Nutanix, valued at approximately $2.64 million, making it the firm's 13th largest position.
• Institional investors and hedge funds own 85.25% of Nutanix's stock, indicating strong investor confidence.
• Nutanix reported earnings of $0.37 EPS for the last quarter, exceeding estimates, with a revenue increase of 19.2% year-over-year.

Counterpoint Mutual Funds LLC acquired a new position in shares of Nutanix (NASDAQ:NTNX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 34,581 shares of the technology company's stock, valued at approximately $2,643,000. Nutanix comprises about 0.2% of Counterpoint Mutual Funds LLC's investment portfolio, making the stock its 13th biggest position.

Several other hedge funds have also made changes to their positions in NTNX. ProShare Advisors LLC boosted its holdings in shares of Nutanix by 4.5% during the fourth quarter. ProShare Advisors LLC now owns 5,865 shares of the technology company's stock worth $359,000 after purchasing an additional 254 shares during the last quarter. Vident Advisory LLC raised its position in shares of Nutanix by 44.7% in the 4th quarter. Vident Advisory LLC now owns 8,949 shares of the technology company's stock worth $547,000 after buying an additional 2,764 shares during the period. Vise Technologies Inc. raised its position in shares of Nutanix by 10.2% in the 4th quarter. Vise Technologies Inc. now owns 6,487 shares of the technology company's stock worth $397,000 after buying an additional 600 shares during the period. Forum Financial Management LP purchased a new position in Nutanix in the fourth quarter valued at about $230,000. Finally, Azzad Asset Management Inc. ADV raised its position in Nutanix by 0.5% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 34,887 shares of the technology company's stock valued at $2,134,000 after purchasing an additional 159 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Analyst Ratings Changes

NTNX has been the topic of several research reports. Wall Street Zen lowered Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Monday, June 30th. Piper Sandler reaffirmed an "overweight" rating and set a $88.00 target price (up from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. Barclays dropped their target price on Nutanix from $94.00 to $82.00 and set an "overweight" rating on the stock in a research report on Thursday, August 28th. KeyCorp initiated coverage on Nutanix in a research report on Thursday, June 26th. They set an "overweight" rating and a $95.00 target price on the stock. Finally, 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, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $89.07.

Nutanix Trading Down 2.2%

Shares of NASDAQ NTNX opened at $75.38 on Tuesday. The stock has a 50 day simple moving average of $72.66 and a 200-day simple moving average of $72.14. The company has a market cap of $20.21 billion, a PE ratio of 117.78, a P/E/G ratio of 7.42 and a beta of 0.59. Nutanix has a 12-month low of $54.66 and a 12-month high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its quarterly earnings data 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 business 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 business's revenue was up 19.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Sell-side analysts forecast that Nutanix will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Nutanix

In related news, CEO Rajiv Ramaswami sold 1,925 shares of the business's 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Rukmini Sivaraman sold 11,391 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $78.34, for a total value of $892,370.94. Following the completion of the sale, the chief financial officer owned 254,637 shares of the company's stock, valued at $19,948,262.58. This trade represents a 4.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.80% of the company's stock.

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.

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