Gotham Asset Management LLC Lowers Holdings in Nutanix $NTNX

Key Points

• Gotham Asset Management LLC reduced its stake in Nutanix by 4.0%, selling 8,137 shares during the first quarter, leaving it with 195,366 shares valued at approximately $13.6 million.
• Institutional investors hold about 85.25% of Nutanix’s stock, with several hedge funds adjusting their positions recently, indicating increased interest in the company.
• Nutanix reported $653.27 million in revenue and $0.37 earnings per share in its last quarterly earnings, exceeding analysts' expectations with a 19.2% year-over-year revenue growth.

Gotham Asset Management LLC lowered its position in Nutanix (NASDAQ:NTNX - Free Report) by 4.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 195,366 shares of the technology company's stock after selling 8,137 shares during the period. Gotham Asset Management LLC owned 0.07% of Nutanix worth $13,638,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC raised its position in shares of Nutanix by 13.2% in the 4th quarter. True Wealth Design LLC now owns 1,249 shares of the technology company's stock worth $76,000 after acquiring an additional 146 shares in the last quarter. Azzad Asset Management Inc. ADV raised its position in shares of Nutanix by 0.5% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 34,887 shares of the technology company's stock worth $2,134,000 after acquiring an additional 159 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Nutanix by 4.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 4,163 shares of the technology company's stock worth $291,000 after acquiring an additional 177 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised 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. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Nutanix by 17.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,338 shares of the technology company's stock worth $93,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 85.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Piper Sandler reaffirmed an "overweight" rating and set a $88.00 price objective (up previously from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. The Goldman Sachs Group began coverage on Nutanix in a report on Tuesday, July 15th. They issued a "buy" rating and a $95.00 target price for the company. Bank of America dropped their price target on Nutanix from $95.00 to $93.00 and set a "buy" rating on the stock in a research note on Thursday, August 28th. Raymond James Financial downgraded Nutanix from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 20th. Finally, Needham & Company LLC dropped their price target 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 analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $89.07.

Insider Buying and Selling

In other news, CFO Rukmini Sivaraman sold 2,100 shares of the company's stock in a transaction that occurred on 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Rajiv Ramaswami sold 1,925 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total value of $144,375.00. Following the transaction, the chief executive officer directly owned 518,561 shares in the company, valued at approximately $38,892,075. This represents a 0.37% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

Nutanix Stock Performance

Shares of Nutanix stock traded down $0.31 during trading hours on Friday, hitting $80.81. The company's stock had a trading volume of 1,137,949 shares, compared to its average volume of 2,680,951. Nutanix has a 12-month low of $54.66 and a 12-month high of $83.36. The business has a 50 day moving average price of $72.29 and a two-hundred day moving average price of $71.97. The company has a market cap of $21.66 billion, a PE ratio of 126.35, a PEG ratio of 7.42 and a beta of 0.59.

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, topping the consensus estimate of $0.31 by $0.06. Nutanix had a negative return on equity of 27.63% and a net margin of 7.42%.The company 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 firm posted $0.27 earnings per share. The firm's revenue for the quarter was up 19.2% on a year-over-year basis. 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 earnings per share for the current year.

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.