Hedges Asset Management LLC Decreases Position 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 lowered its position in Nutanix (NASDAQ:NTNX - Free Report) by 32.1% in the second quarter, according to the company in its most recent Form 13F filing 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 quarter. Nutanix makes up approximately 1.4% of Hedges Asset Management LLC's portfolio, making the stock its 18th biggest position. Hedges Asset Management LLC's holdings in Nutanix were worth $1,712,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in 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 buying an additional 1,426,049 shares during the last quarter. Jericho Capital Asset Management L.P. lifted its stake in Nutanix by 46.8% in the first 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 buying an additional 1,308,357 shares during the last quarter. Nuveen LLC purchased a new stake in Nutanix in the first quarter valued at approximately $86,949,000. Perpetual Ltd lifted its stake in Nutanix by 10,205.2% in the first quarter. Perpetual Ltd now owns 875,946 shares of the technology company's stock valued at $61,150,000 after buying an additional 867,446 shares during the last quarter. Finally, Annex Advisory Services LLC purchased a new stake in Nutanix in the first quarter valued at approximately $37,294,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Insiders Place Their Bets

In related news, CFO Rukmini Sivaraman sold 2,100 shares of the company's stock in a transaction 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 $15,205,661.10. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $144,375.00. Following the transaction, the chief executive officer directly owned 518,561 shares in the company, valued at $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.

Analyst Upgrades and Downgrades

NTNX has been the subject of a number of research reports. KeyCorp initiated coverage on Nutanix in a research note on Thursday, June 26th. They issued an "overweight" rating and a $95.00 price objective for the company. Citigroup upgraded Nutanix to a "positive" rating in a research note on Tuesday, August 5th. Barclays reduced their price objective on Nutanix from $94.00 to $82.00 and set an "overweight" rating for the company in a research note on Thursday, August 28th. Bank of America cut their price target on Nutanix from $95.00 to $93.00 and set a "buy" rating for the company in a research note on Thursday, August 28th. Finally, Piper Sandler restated an "overweight" rating and set a $88.00 price target (up previously from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Nutanix presently has an average rating of "Moderate Buy" and a consensus price target of $89.07.

Nutanix Price Performance

Nutanix stock opened at $79.23 on Friday. Nutanix has a 12 month low of $54.66 and a 12 month high of $83.36. The business has a 50 day simple moving average of $72.34 and a 200-day simple moving average of $72.08. The stock has a market capitalization of $21.24 billion, a PE ratio of 123.80, a price-to-earnings-growth ratio of 7.80 and a beta of 0.59.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.37 EPS 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 business had revenue of $653.27 million during the quarter, compared to analysts' expectations of $642.48 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The company'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 research analysts anticipate that Nutanix will post 0.31 EPS for the current year.

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.

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