Driehaus Capital Management LLC Has $65.36 Million Stock Position in Nutanix $NTNX

Key Points

• Driehaus Capital Management LLC increased its stake in Nutanix by 3.7%, owning 936,210 shares valued at approximately $65.36 million.
• Institutional investors now hold 85.25% of Nutanix’s stock, with several other significant stakeholders, including Jacobs Levy and Federated Hermes, also boosting their positions in recent quarters.
• Nutanix reported $0.37 earnings per share last quarter, surpassing analyst expectations and showing a 19.2% revenue growth compared to the same period last year.

Driehaus Capital Management LLC raised its stake in Nutanix (NASDAQ:NTNX - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 936,210 shares of the technology company's stock after buying an additional 33,580 shares during the quarter. Driehaus Capital Management LLC owned 0.35% of Nutanix worth $65,357,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Colonial Trust Co SC acquired a new position in shares of Nutanix during the 4th quarter worth $28,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Nutanix by 78.0% during the 1st 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 acquired a new position in shares of Nutanix during the 1st quarter worth $30,000. SouthState Corp acquired a new position in shares of Nutanix during the 1st quarter worth $32,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Nutanix by 98.4% during the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock worth $35,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Wall Street Analyst Weigh In

NTNX has been the subject of several recent analyst reports. Needham & Company LLC decreased their price objective on shares of Nutanix from $92.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, August 28th. Raymond James Financial downgraded shares of Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Wall Street Zen downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. Morgan Stanley reaffirmed an "overweight" rating and set a $90.00 price objective (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Finally, The Goldman Sachs Group initiated coverage on shares of Nutanix in a report on Tuesday, July 15th. They set a "buy" rating and a $95.00 price objective for the company. One 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.07.

Insider Buying and Selling at Nutanix

In other news, Director Groen Max Pieter De sold 5,480,467 shares of the firm's stock in a transaction dated 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 completion of the transaction, the director directly owned 5,480,468 shares of the company's stock, valued at approximately $420,954,747.08. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 2,100 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $72.73, for a total transaction of $152,733.00. Following the transaction, the chief financial officer directly owned 209,070 shares of the company's stock, valued at $15,205,661.10. The trade was a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,491,492 shares of company stock valued at $421,797,778 over the last quarter. 6.80% of the stock is currently owned by insiders.

Nutanix Stock Up 1.4%

Nutanix stock traded up $0.96 during mid-day trading on Wednesday, reaching $68.08. The company had a trading volume of 909,014 shares, compared to its average volume of 2,597,082. Nutanix has a 52 week low of $54.66 and a 52 week high of $83.36. The company has a 50 day moving average of $72.54 and a 200-day moving average of $71.84. The firm has a market cap of $18.25 billion, a price-to-earnings ratio of 106.41, a PEG ratio of 6.61 and a beta of 0.59.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued 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 firm had revenue of $653.27 million during the quarter, compared to the consensus estimate of $642.48 million. Nutanix had a net margin of 7.42% and a negative return on equity of 27.63%. The business's revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts predict that Nutanix will post 0.31 earnings per share for the current fiscal year.

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.