Hedges Asset Management LLC Cuts Stock Holdings in Nutanix $NTNX

Key Points

• Hedges Asset Management LLC decreased its position in Nutanix by 32.1%, selling 10,600 shares during the second quarter, leaving it with 22,400 shares valued at approximately $1.71 million.
• Several institutional investors, including AQR Capital Management and Jericho Capital Asset Management, significantly increased their stakes in Nutanix, highlighting growing interest from hedge funds.
• Nutanix's recent quarterly earnings report beat analysts' expectations, showing revenue growth of 19.2% year-over-year, with a net margin of 7.42% and an earnings per share of $0.37.

Hedges Asset Management LLC decreased its position in Nutanix (NASDAQ:NTNX - Free Report) by 32.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,400 shares of the technology company's stock after selling 10,600 shares during the period. Nutanix comprises approximately 1.4% of Hedges Asset Management LLC's portfolio, making the stock its 18th biggest holding. Hedges Asset Management LLC's holdings in Nutanix were worth $1,712,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NTNX. AQR Capital Management LLC lifted its stake in Nutanix by 65.5% in the first quarter. AQR Capital Management LLC now owns 3,604,005 shares of the technology company's stock valued at $246,874,000 after purchasing an additional 1,426,049 shares during the last quarter. Jericho Capital Asset Management L.P. raised its holdings in Nutanix by 46.8% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 4,102,993 shares of the technology company's stock valued at $286,430,000 after acquiring an additional 1,308,357 shares during the period. Nuveen LLC bought a new stake in Nutanix during the 1st quarter valued at $86,949,000. Perpetual Ltd raised its holdings in Nutanix by 10,205.2% during the 1st quarter. Perpetual Ltd now owns 875,946 shares of the technology company's stock valued at $61,150,000 after acquiring an additional 867,446 shares during the period. Finally, Annex Advisory Services LLC bought a new stake in Nutanix during the 1st quarter valued at $37,294,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Trading Up 1.2%

Shares of Nutanix stock traded up $0.95 during trading on Friday, hitting $79.11. The stock had a trading volume of 1,827,526 shares, compared to its average volume of 2,729,144. The firm has a market cap of $21.21 billion, a price-to-earnings ratio of 123.61, a P/E/G ratio of 7.47 and a beta of 0.59. Nutanix has a 12 month low of $54.66 and a 12 month high of $83.36. The business's 50-day moving average is $72.51 and its 200 day moving average is $72.14.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its earnings results 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. Nutanix had a net margin of 7.42% and a negative return on equity of 27.63%. The company had revenue of $653.27 million during the quarter, compared to analyst estimates of $642.48 million. During the same period in the previous year, the business earned $0.27 earnings per share. The firm's quarterly revenue was up 19.2% compared to the same quarter last year. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities analysts expect that Nutanix will post 0.31 EPS for the current year.

Insider Buying and Selling at Nutanix

In related news, CFO Rukmini Sivaraman sold 11,391 shares of the company's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $78.34, for a total value of $892,370.94. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 1,925 shares of the company's stock in a transaction on 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 transaction, the chief executive officer owned 518,561 shares of the company's stock, valued at $38,892,075. This trade represents a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NTNX shares. Citigroup raised shares of Nutanix to a "positive" rating in a report on Tuesday, August 5th. Piper Sandler reissued an "overweight" rating and set a $88.00 target price (up previously from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Bank of America lowered their target price on shares of Nutanix from $95.00 to $93.00 and set a "buy" rating on the stock in a report on Thursday, August 28th. The Goldman Sachs Group started coverage on shares of Nutanix in a report on Tuesday, July 15th. They set a "buy" rating and a $95.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their target price on shares of Nutanix from $90.00 to $81.00 and set an "overweight" rating on the stock in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $89.07.

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.