Jump Financial LLC Buys New Holdings in Nutanix $NTNX

Key Points

• Jump Financial LLC has made a new investment in Nutanix, acquiring approximately $6.34 million worth of shares, totaling 90,755 shares in the 1st quarter.
• Insider selling activity increased, with executives including the CFO and CEO selling shares, while over 5.4 million shares worth nearly $422 million have been sold by insiders in the past three months.
• Nutanix reported a 21.8% year-over-year increase in quarterly revenue, with earnings per share exceeding analysts' expectations at $0.42 for the latest quarter.

Jump Financial LLC acquired a new position in shares of Nutanix (NASDAQ:NTNX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 90,755 shares of the technology company's stock, valued at approximately $6,336,000.

A number of other large investors also recently added to or reduced their stakes in NTNX. Contour Asset Management LLC purchased a new stake in shares of Nutanix during the fourth quarter worth $87,318,000. Nuveen LLC purchased a new stake in shares of Nutanix during the first quarter worth $86,949,000. Perpetual Ltd grew its holdings in shares of Nutanix by 10,205.2% during the first quarter. Perpetual Ltd now owns 875,946 shares of the technology company's stock worth $61,150,000 after buying an additional 867,446 shares in the last quarter. Cadian Capital Management LP grew its holdings in shares of Nutanix by 68.5% during the fourth quarter. Cadian Capital Management LP now owns 1,455,792 shares of the technology company's stock worth $89,065,000 after buying an additional 591,892 shares in the last quarter. Finally, Annex Advisory Services LLC purchased a new stake in shares of Nutanix during the first quarter worth $37,294,000. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reaffirmed an "overweight" rating and set a $90.00 target price (up previously from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Susquehanna upped their price objective on shares of Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a report on Thursday, May 29th. JPMorgan Chase & Co. reduced their target price on shares of Nutanix from $90.00 to $81.00 and set an "overweight" rating on the stock in a research note on Thursday. Wall Street Zen lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. Finally, Bank of America dropped their price target on shares of Nutanix from $95.00 to $93.00 and set a "buy" rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.07.

Insider Activity at Nutanix

In other news, Director Virginia Gambale sold 7,000 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $78.00, for a total transaction of $546,000.00. Following the sale, the director owned 38,330 shares of the company's stock, valued at approximately $2,989,740. This represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rajiv Ramaswami sold 1,925 shares of the stock in a transaction dated Thursday, June 26th. The stock was 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 position. The disclosure for this sale can be found here. Insiders sold a total of 5,491,492 shares of company stock valued at $421,797,778 over the last 90 days. Insiders own 6.80% of the company's stock.

Nutanix Stock Performance

Shares of Nutanix stock traded down $3.54 on Thursday, reaching $66.06. The company had a trading volume of 10,907,676 shares, compared to its average volume of 2,586,767. The firm's 50 day moving average price is $72.92 and its two-hundred day moving average price is $71.91. The firm has a market cap of $17.71 billion, a PE ratio of 138.74, a PEG ratio of 4.54 and a beta of 0.71. Nutanix has a 52-week low of $54.66 and a 52-week high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. The business had revenue of $653.27 million for the quarter, compared to the consensus estimate of $642.48 million. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. The business's revenue was up 19.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. 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 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.