Inspire Investing LLC Trims Stake in Nutanix $NTNX

Key Points

• Inspire Investing LLC reduced its stake in Nutanix by 26.6% during Q2, owning 30,437 shares valued at $2.3 million after selling 11,035 shares.
• Other hedge funds have increased their positions, with Katamaran Capital LLP boosting its shares by 29.1% to nearly 30,038 shares worth $2.3 million.
• Nutanix recently reported earnings of $0.37 per share, beating estimates and achieving a revenue increase of 19.2% compared to last year.

Inspire Investing LLC reduced its position in Nutanix (NASDAQ:NTNX - Free Report) by 26.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,437 shares of the technology company's stock after selling 11,035 shares during the quarter. Inspire Investing LLC's holdings in Nutanix were worth $2,327,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Katamaran Capital LLP increased its position in shares of Nutanix by 29.1% during the second quarter. Katamaran Capital LLP now owns 30,038 shares of the technology company's stock worth $2,296,000 after acquiring an additional 6,768 shares during the period. IFP Advisors Inc increased its holdings in Nutanix by 2.7% during the 2nd quarter. IFP Advisors Inc now owns 59,553 shares of the technology company's stock worth $4,552,000 after purchasing an additional 1,593 shares during the period. Callan Family Office LLC purchased a new position in Nutanix during the 2nd quarter worth $330,000. Allegiance Financial Group Advisory Services LLC increased its holdings in Nutanix by 22.1% during the 2nd quarter. Allegiance Financial Group Advisory Services LLC now owns 4,690 shares of the technology company's stock worth $359,000 after purchasing an additional 849 shares during the period. Finally, Vontobel Holding Ltd. increased its holdings in Nutanix by 15.3% during the 2nd quarter. Vontobel Holding Ltd. now owns 34,165 shares of the technology company's stock worth $2,612,000 after purchasing an additional 4,537 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Nutanix

In other news, CFO Rukmini Sivaraman sold 11,391 shares of Nutanix stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $78.34, for a total transaction of $892,370.94. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 144,707 shares of Nutanix stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $76.42, for a total transaction of $11,058,508.94. Following the sale, the chief executive officer owned 524,608 shares of the company's stock, valued at $40,090,543.36. The trade was a 21.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 159,598 shares of company stock worth $12,218,560. Company insiders own 6.80% of the company's stock.

Nutanix Stock Down 0.6%

Shares of NTNX opened at $68.34 on Friday. The company has a market cap of $18.37 billion, a price-to-earnings ratio of 106.78, a price-to-earnings-growth ratio of 6.62 and a beta of 0.51. Nutanix has a twelve month low of $54.66 and a twelve month high of $83.36. The company has a 50 day moving average of $72.51 and a two-hundred day moving average of $72.48.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. The company had revenue of $653.27 million during the quarter, compared to the consensus estimate of $642.48 million. Nutanix had a net margin of 7.42% and a negative return on equity of 28.01%. Nutanix's revenue was up 19.2% compared to the same quarter last year. During the same period last year, the firm earned $0.27 earnings per share. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, sell-side analysts expect that Nutanix will post 0.31 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the company. Citigroup upgraded Nutanix to a "positive" rating in a report on Tuesday, August 5th. Needham & Company LLC cut their price objective on shares of Nutanix from $92.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, August 28th. KeyCorp started coverage on shares of Nutanix in a report on Thursday, June 26th. They set an "overweight" rating and a $95.00 price objective on the stock. Northland Capmk lowered shares of Nutanix from a "strong-buy" rating to a "hold" rating in a report on Thursday. Finally, Bank of America cut their price objective 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. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $87.67.

About Nutanix

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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