KLP Kapitalforvaltning AS Has $6.79 Million Stake in Nutanix $NTNX

Key Points

• KLP Kapitalforvaltning AS increased its holdings in Nutanix by 4.8% during Q2, owning 88,800 shares valued at approximately $6.79 million as per its recent SEC filing.
• Recent insider transactions include Director Teresa Gayle Sheppard selling 3,500 shares and CFO Rukmini Sivaraman selling 11,391 shares, indicating a decrease in their positions.
• Equities analysts have mixed ratings for Nutanix, with Northland Capital downgrading it to "hold," while Barclays set a new price target of $82.00, down from $94.00.

KLP Kapitalforvaltning AS lifted its holdings in shares of Nutanix (NASDAQ:NTNX - Free Report) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,800 shares of the technology company's stock after buying an additional 4,100 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Nutanix were worth $6,788,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Swedbank AB acquired a new stake in Nutanix during the 1st quarter worth $1,642,000. Silverberg Bernstein Capital Management LLC grew its stake in shares of Nutanix by 61.6% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 37,893 shares of the technology company's stock worth $2,897,000 after purchasing an additional 14,438 shares during the period. OMNI 360 Wealth Inc. acquired a new stake in shares of Nutanix during the second quarter worth $265,000. Inspire Investing LLC grew its stake in shares of Nutanix by 43.1% during the first quarter. Inspire Investing LLC now owns 41,472 shares of the technology company's stock worth $2,895,000 after purchasing an additional 12,489 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Nutanix by 69.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 39,873 shares of the technology company's stock worth $2,784,000 after buying an additional 16,374 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Insider Transactions at Nutanix

In other Nutanix news, Director Teresa Gayle Sheppard sold 3,500 shares of the company's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $76.48, for a total transaction of $267,680.00. Following the completion of the transaction, the director owned 22,400 shares of the company's stock, valued at $1,713,152. This represents a 13.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Rukmini Sivaraman sold 11,391 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $78.34, for a total value of $892,370.94. Following the transaction, the chief financial officer directly owned 254,637 shares of the company's stock, valued at approximately $19,948,262.58. This trade represents a 4.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 159,598 shares of company stock valued at $12,218,560 over the last three months. Company insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Northland Capmk lowered Nutanix from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Barclays decreased their price objective on shares of Nutanix from $94.00 to $82.00 and set an "overweight" rating for the company in a report on Thursday, August 28th. The Goldman Sachs Group initiated coverage on shares of Nutanix in a report on Tuesday, July 15th. They issued a "buy" rating and a $95.00 price target for the company. Citigroup raised shares of Nutanix to a "positive" rating in a report on Tuesday, August 5th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Nutanix in a report on Wednesday. Fourteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $87.67.

Nutanix Stock Down 0.6%

Nutanix stock opened at $68.34 on Friday. The stock has a market capitalization of $18.37 billion, a PE 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 200-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, topping analysts' consensus estimates of $0.31 by $0.06. The firm had revenue of $653.27 million during the quarter, compared to analyst estimates of $642.48 million. Nutanix had a net margin of 7.42% and a negative return on equity of 28.01%. The company's revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 EPS. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal 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.