Eventide Asset Management LLC Purchases 11,875 Shares of Nutanix $NTNX

Key Points

• Eventide Asset Management LLC has increased its stake in Nutanix (NASDAQ:NTNX) by 1.9%, now holding approximately 630,315 shares valued at around $44 million.
• Numerous institutional investors have significantly boosted their positions in Nutanix, with BOKF NA increasing its ownership by an astonishing 74,300% during the fourth quarter.
• Nutanix reported a 19.2% year-over-year revenue growth for the last quarter, exceeding analyst expectations with a revenue of $653.27 million.

Eventide Asset Management LLC grew its holdings in Nutanix (NASDAQ:NTNX - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 630,315 shares of the technology company's stock after purchasing an additional 11,875 shares during the quarter. Eventide Asset Management LLC owned about 0.24% of Nutanix worth $44,009,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Colonial Trust Co SC acquired a new stake in shares of Nutanix in the fourth quarter valued at about $28,000. Twin Tree Management LP acquired a new stake in shares of Nutanix in the first quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Nutanix by 78.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after purchasing an additional 191 shares during the last quarter. GW&K Investment Management LLC acquired a new stake in shares of Nutanix in the first quarter valued at about $30,000. Finally, SouthState Corp acquired a new stake in shares of Nutanix in the first quarter valued at about $32,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 1,925 shares of the firm's stock in a transaction dated Thursday, June 26th. The shares were 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 $38,892,075. This trade represents 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 this link. 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 owned 209,070 shares of the company's stock, valued at approximately $15,205,661.10. This represents a 0.99% decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

Nutanix Stock Up 7.2%

NTNX traded up $5.06 during midday trading on Monday, reaching $74.98. 9,008,583 shares of the company's stock were exchanged, compared to its average volume of 2,652,960. The firm has a market capitalization of $20.10 billion, a price-to-earnings ratio of 117.16, a price-to-earnings-growth ratio of 6.73 and a beta of 0.59. Nutanix has a one year low of $54.66 and a one year high of $83.36. The business has a 50-day simple moving average of $72.19 and a two-hundred day simple moving average of $71.79.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.37 EPS for the quarter, topping 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 net margin of 7.42% and a negative return on equity of 27.63%. The company's revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter last 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 anticipate that Nutanix will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NTNX has been the topic of several research analyst reports. Wall Street Zen downgraded Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Monday, June 30th. Needham & Company LLC decreased their target price on Nutanix from $92.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. Susquehanna lifted their target price on Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a research report on Thursday, May 29th. KeyCorp started 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, Bank of America decreased their target price on Nutanix from $95.00 to $93.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company 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.