Mirae Asset Global Investments Co. Ltd. Raises Stock Holdings in Nutanix $NTNX

Key Points

• Mirae Asset Global Investments increased its stake in Nutanix by 620.7% during the second quarter, now owning 4,800 shares valued at $367,000.
• Several hedge funds, including Farther Finance Advisors LLC and Aaron Wealth Advisors LLC, have also boosted their positions in Nutanix, contributing to institutional investors owning 85.25% of the company's stock.
• Nutanix reported a 19.2% year-over-year increase in revenue, achieving $653.27 million for the quarter and beating earnings expectations with $0.37 EPS.

Mirae Asset Global Investments Co. Ltd. grew its stake in Nutanix (NASDAQ:NTNX - Free Report) by 620.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,800 shares of the technology company's stock after buying an additional 4,134 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Nutanix were worth $367,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its stake in shares of Nutanix by 42.6% in the second quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company's stock worth $38,000 after acquiring an additional 150 shares during the period. Aaron Wealth Advisors LLC boosted its stake in shares of Nutanix by 2.6% in the second quarter. Aaron Wealth Advisors LLC now owns 6,489 shares of the technology company's stock worth $496,000 after acquiring an additional 162 shares during the period. Concurrent Investment Advisors LLC boosted its stake in shares of Nutanix by 4.4% in the first quarter. Concurrent Investment Advisors LLC now owns 4,163 shares of the technology company's stock worth $291,000 after acquiring an additional 177 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Nutanix by 0.6% in the first quarter. Exchange Traded Concepts LLC now owns 38,695 shares of the technology company's stock worth $2,701,000 after acquiring an additional 218 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of Nutanix by 98.4% in the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock worth $35,000 after acquiring an additional 250 shares during the period. Institutional investors own 85.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NTNX. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nutanix in a research note on Wednesday. The Goldman Sachs Group began coverage on Nutanix in a research note on Tuesday, July 15th. They issued a "buy" rating and a $95.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on Nutanix from $90.00 to $81.00 and set an "overweight" rating for the company in a research note on Thursday, August 28th. KeyCorp began coverage on Nutanix in a research note on Thursday, June 26th. They set an "overweight" rating and a $95.00 price target for the company. Finally, Northland Capmk lowered Nutanix from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Fourteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $87.67.

Nutanix Price Performance

NASDAQ:NTNX opened at $68.34 on Friday. The firm has a market capitalization of $18.37 billion, a price-to-earnings ratio of 106.78, a PEG ratio of 6.62 and a beta of 0.51. Nutanix has a 1 year low of $54.66 and a 1 year high of $83.36. The business has a 50 day simple moving average of $72.51 and a 200-day simple moving average of $72.48.

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

Insider Buying and Selling at Nutanix

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

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.

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