Granahan Investment Management LLC Has $14.30 Million Stock Position in Nutanix $NTNX

Key Points

• Granahan Investment Management LLC increased its stake in Nutanix by 6.8%, acquiring an additional 13,031 shares, bringing its total to 204,859 shares valued at approximately $14.3 million.
• Institutional investors currently own 85.25% of Nutanix's stock, with several firms such as Assenagon Asset Management and GAMMA Investing significantly increasing their shares during the first quarter.
• Nutanix reported better-than-expected earnings with $0.37 EPS for the quarter, exceeding the consensus estimate of $0.31, along with a 19.2% year-over-year revenue growth.

Granahan Investment Management LLC boosted its stake in shares of Nutanix (NASDAQ:NTNX - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 204,859 shares of the technology company's stock after acquiring an additional 13,031 shares during the quarter. Granahan Investment Management LLC owned 0.08% of Nutanix worth $14,301,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NTNX. Assenagon Asset Management S.A. grew its holdings in Nutanix by 69.7% in the first quarter. Assenagon Asset Management S.A. now owns 39,873 shares of the technology company's stock valued at $2,784,000 after purchasing an additional 16,374 shares during the period. Amalgamated Bank boosted its stake in shares of Nutanix by 4.9% in the first quarter. Amalgamated Bank now owns 14,420 shares of the technology company's stock worth $1,007,000 after acquiring an additional 674 shares during the last quarter. GAMMA Investing LLC boosted its stake in Nutanix by 63.7% during the first quarter. GAMMA Investing LLC now owns 2,768 shares of the technology company's stock worth $193,000 after buying an additional 1,077 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Nutanix during the 1st quarter worth about $2,596,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in Nutanix during the 1st quarter worth about $256,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Trading Up 1.4%

Shares of NTNX traded up $1.06 during mid-day trading on Wednesday, hitting $76.81. The company's stock had a trading volume of 1,494,493 shares, compared to its average volume of 2,653,760. The firm has a 50-day simple moving average of $72.17 and a 200 day simple moving average of $71.85. The firm has a market capitalization of $20.59 billion, a P/E ratio of 119.81, a P/E/G ratio of 7.21 and a beta of 0.59. Nutanix has a 1-year low of $54.66 and a 1-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 (EPS) for the quarter, topping the consensus estimate 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 negative return on equity of 27.63% and a net margin of 7.42%.Nutanix'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. As a group, sell-side analysts predict that Nutanix will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on NTNX. Wall Street Zen lowered Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Monday, June 30th. Raymond James Financial lowered Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Wells Fargo & Company cut their target price on Nutanix from $85.00 to $71.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 28th. Barclays cut 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. Finally, JPMorgan Chase & Co. cut their target price on Nutanix from $90.00 to $81.00 and set an "overweight" rating on the stock in a research report 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.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $89.07.

Insider Transactions at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 1,925 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $75.00, for a total transaction of $144,375.00. Following the completion of the sale, the chief executive officer owned 518,561 shares of the company's stock, valued at approximately $38,892,075. The trade was a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Rukmini Sivaraman sold 2,100 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $72.73, for a total value of $152,733.00. Following the sale, the chief financial officer directly owned 209,070 shares of the company's stock, valued at approximately $15,205,661.10. This trade represents a 0.99% decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by insiders.

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.