Nutanix $NTNX Shares Purchased by Inspire Investing LLC

Key Points

• Inspire Investing LLC increased its stake in Nutanix by 43.1% during the first quarter, now owning 41,472 shares valued at approximately $2.9 million.
• Across the first quarter, multiple institutional investors, including Assenagon Asset Management and GAMMA Investing LLC, also significantly boosted their stakes in Nutanix.
• Despite changes in analyst ratings, Nutanix reported a strong quarterly performance, with $0.37 EPS, exceeding estimates and a 19.2% increase in quarterly revenue year-over-year.

Inspire Investing LLC boosted its holdings in shares of Nutanix (NASDAQ:NTNX - Free Report) by 43.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,472 shares of the technology company's stock after acquiring an additional 12,489 shares during the period. Inspire Investing LLC's holdings in Nutanix were worth $2,895,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. True Wealth Design LLC boosted its holdings in shares of Nutanix by 13.2% during the 4th quarter. True Wealth Design LLC now owns 1,249 shares of the technology company's stock worth $76,000 after purchasing an additional 146 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its position in Nutanix by 0.5% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 34,887 shares of the technology company's stock worth $2,134,000 after buying an additional 159 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in Nutanix by 4.4% during the first quarter. Concurrent Investment Advisors LLC now owns 4,163 shares of the technology company's stock worth $291,000 after buying an additional 177 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Nutanix by 78.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after buying an additional 191 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in 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 valued at $93,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Analysts Set New Price Targets

NTNX has been the topic of several recent research reports. Needham & Company LLC lowered their price target on shares of Nutanix from $92.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. Morgan Stanley reaffirmed an "overweight" rating and set a $90.00 target price (up from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. The Goldman Sachs Group began coverage on shares of Nutanix in a report on Tuesday, July 15th. They issued a "buy" rating and a $95.00 target price on the stock. Wells Fargo & Company cut their price target on shares of Nutanix from $85.00 to $71.00 and set an "equal weight" rating for the company in a report on Thursday, August 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of 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 assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Nutanix presently has an average rating of "Moderate Buy" and a consensus price target of $89.07.

Insiders Place Their Bets

In other Nutanix news, CEO Rajiv Ramaswami sold 1,925 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $75.00, for a total transaction of $144,375.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.80% of the stock is currently owned by corporate insiders.

Nutanix Stock Performance

Shares of Nutanix stock traded up $0.24 on Wednesday, reaching $77.94. The company had a trading volume of 1,119,622 shares, compared to its average volume of 2,715,037. The firm's 50 day moving average price is $72.40 and its two-hundred day moving average price is $72.09. Nutanix has a 52-week low of $54.66 and a 52-week high of $83.36. The firm has a market cap of $20.89 billion, a PE ratio of 121.98, a PEG ratio of 7.52 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 analyst estimates of $642.48 million. During the same period last year, the business posted $0.27 earnings per share. The company's quarterly 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. As a group, sell-side analysts predict 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.