Nutanix $NTNX Stake Reduced by Focus Partners Wealth

Key Points

• Focus Partners Wealth has reduced its stake in Nutanix by 8.5%, selling 15,994 shares and now holding 171,908 shares valued at $12 million.
• Several institutional investors are increasing their positions in Nutanix, with notable growth from MassMutual Private Wealth & Trust FSB, which increased their holdings by 78%.
• Nutanix reported a quarterly earnings per share of $0.37, exceeding the consensus estimate, and had a revenue of $653.27 million, a 19.2% increase from the previous year.

Focus Partners Wealth lessened its position in shares of Nutanix (NASDAQ:NTNX - Free Report) by 8.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 171,908 shares of the technology company's stock after selling 15,994 shares during the period. Focus Partners Wealth owned about 0.06% of Nutanix worth $12,001,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Jericho Capital Asset Management L.P. lifted its stake in Nutanix by 46.8% during the first quarter. Jericho Capital Asset Management L.P. now owns 4,102,993 shares of the technology company's stock worth $286,430,000 after purchasing an additional 1,308,357 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Nutanix by 65.5% in the 1st quarter. AQR Capital Management LLC now owns 3,604,005 shares of the technology company's stock worth $246,874,000 after buying an additional 1,426,049 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Nutanix by 21.2% in the 1st quarter. Federated Hermes Inc. now owns 2,423,978 shares of the technology company's stock worth $169,218,000 after buying an additional 423,249 shares during the last quarter. Northern Trust Corp lifted its position in shares of Nutanix by 19.6% in the 1st quarter. Northern Trust Corp now owns 1,778,753 shares of the technology company's stock worth $124,175,000 after buying an additional 291,188 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Nutanix by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,467,177 shares of the technology company's stock worth $102,424,000 after buying an additional 24,372 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Insider Transactions at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 11,391 shares of the business's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $78.34, for a total transaction of $892,370.94. Following the sale, the chief financial officer directly owned 254,637 shares in the company, valued at approximately $19,948,262.58. The trade was a 4.28% decrease in their position. The transaction 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 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 value of $144,375.00. Following the sale, the chief executive officer directly owned 518,561 shares in the company, valued at approximately $38,892,075. The trade was 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 insiders.

Nutanix Stock Up 1.5%

Nutanix stock traded up $1.17 during mid-day trading on Thursday, hitting $78.83. 1,387,969 shares of the company's stock traded hands, compared to its average volume of 2,719,807. The firm has a 50 day moving average price of $72.42 and a 200 day moving average price of $72.13. The company has a market cap of $21.13 billion, a PE ratio of 123.28, a price-to-earnings-growth ratio of 7.47 and a beta of 0.59. Nutanix has a one year low of $54.66 and a one year 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 for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. Nutanix had a net margin of 7.42% and a negative return on equity of 27.63%. The business had revenue of $653.27 million for the quarter, compared to analysts' expectations of $642.48 million. During the same period in the previous year, the business earned $0.27 earnings per share. The company's revenue was up 19.2% on a year-over-year basis. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts expect that Nutanix will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NTNX shares. Susquehanna raised their target price on shares of Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a report on Thursday, May 29th. The Goldman Sachs Group assumed coverage on Nutanix in a report on Tuesday, July 15th. They issued a "buy" rating and a $95.00 price target on the stock. KeyCorp assumed coverage on Nutanix in a report on Thursday, June 26th. They issued an "overweight" rating and a $95.00 price target on the stock. Wall Street Zen downgraded Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. Finally, Needham & Company LLC cut their target price on Nutanix from $92.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $89.07.

Nutanix 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.