Inspire Investing LLC Boosts Stock Holdings in Nutanix $NTNX

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 stake in Nutanix (NASDAQ:NTNX - Free Report) by 43.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 41,472 shares of the technology company's stock after acquiring an additional 12,489 shares during the quarter. Inspire Investing LLC's holdings in Nutanix were worth $2,895,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its stake in Nutanix by 69.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 39,873 shares of the technology company's stock valued at $2,784,000 after acquiring an additional 16,374 shares during the period. Amalgamated Bank grew its stake in Nutanix by 4.9% in the 1st quarter. Amalgamated Bank now owns 14,420 shares of the technology company's stock valued at $1,007,000 after acquiring an additional 674 shares during the period. GAMMA Investing LLC grew its stake in Nutanix by 63.7% in the 1st quarter. GAMMA Investing LLC now owns 2,768 shares of the technology company's stock valued at $193,000 after acquiring an additional 1,077 shares during the period. Teacher Retirement System of Texas acquired a new stake in Nutanix in the 1st quarter valued at $2,596,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Nutanix in the 1st quarter valued at $256,000. Institutional investors and hedge funds own 85.25% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Citigroup raised shares of Nutanix to a "positive" rating in a research note on Tuesday, August 5th. Bank of America dropped their price target on shares of Nutanix from $95.00 to $93.00 and set a "buy" rating on the stock in a research note on Thursday, August 28th. Wall Street Zen cut shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Monday, June 30th. Barclays lowered their target price on shares of Nutanix from $94.00 to $82.00 and set an "overweight" rating on the stock in a research note on Thursday, August 28th. Finally, Needham & Company LLC lowered their target price on shares of Nutanix from $92.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, August 28th. One 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 company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $89.07.

Insider Buying and Selling at Nutanix

In other news, CFO Rukmini Sivaraman sold 2,100 shares of Nutanix 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 in the company, valued at $15,205,661.10. The trade was a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the sale, the chief executive officer owned 518,561 shares in the company, valued at approximately $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 owned by insiders.

Nutanix Stock Up 5.1%

Shares of NTNX opened at $81.12 on Friday. Nutanix has a 52-week low of $54.66 and a 52-week high of $83.36. The firm's fifty day moving average is $72.29 and its two-hundred day moving average is $71.97. The stock has a market cap of $21.75 billion, a PE ratio of 126.75, a price-to-earnings-growth ratio of 7.42 and a beta of 0.59.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $642.48 million. During the same quarter in the previous year, the firm earned $0.27 EPS. 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, research analysts anticipate that Nutanix will post 0.31 earnings per share for the current year.

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.

Want to see what other hedge funds are holding NTNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nutanix (NASDAQ:NTNX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.