Nutanix $NTNX Shares Acquired by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. significantly increased its stake in Nutanix by acquiring 496,150 shares, raising its total holdings to 506,418 shares valued at approximately $35.4 million.
• Institutional investors currently own 85.25% of Nutanix, reflecting a strong interest from large financial entities in the technology firm's stock.
• Analysts have a generally positive outlook on Nutanix, with ratings ranging from "buy" to "overweight," and a consensus price target of $91.00.

Northwestern Mutual Wealth Management Co. increased its holdings in shares of Nutanix (NASDAQ:NTNX - Free Report) by 4,832.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 506,418 shares of the technology company's stock after acquiring an additional 496,150 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.19% of Nutanix worth $35,353,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Colonial Trust Co SC acquired a new position in Nutanix during the fourth quarter worth $28,000. MassMutual Private Wealth & Trust FSB grew its holdings in Nutanix by 78.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after purchasing an additional 191 shares during the last quarter. GW&K Investment Management LLC acquired a new stake in Nutanix in the first quarter valued at $30,000. SouthState Corp acquired a new stake in Nutanix in the first quarter valued at $32,000. Finally, Fifth Third Bancorp grew its holdings in Nutanix by 98.4% in the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock valued at $35,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Analyst Ratings Changes

NTNX has been the topic of several research reports. Citigroup raised Nutanix to a "positive" rating in a report on Tuesday, August 5th. Raymond James Financial lowered Nutanix from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 20th. Morgan Stanley reaffirmed an "overweight" rating and set a $90.00 price objective (up previously from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Bank of America decreased their price objective on Nutanix from $95.00 to $93.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Wall Street Zen lowered Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Nutanix currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.07.

Insiders Place Their Bets

In other news, Director Groen Max Pieter De sold 5,480,467 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $76.81, for a total value of $420,954,670.27. Following the transaction, the director directly owned 5,480,468 shares in the company, valued at $420,954,747.08. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Rukmini Sivaraman sold 2,100 shares of Nutanix stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $72.73, for a total value of $152,733.00. Following the completion of the transaction, the chief financial officer directly owned 209,070 shares in the company, valued at $15,205,661.10. This represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,491,492 shares of company stock valued at $421,797,778. 6.80% of the stock is owned by corporate insiders.

Nutanix Stock Performance

NASDAQ NTNX traded down $3.54 during trading hours on Thursday, hitting $66.06. 10,907,676 shares of the company's stock were exchanged, compared to its average volume of 2,586,767. The business's 50 day moving average is $72.92 and its 200-day moving average is $71.91. Nutanix has a 12-month low of $54.66 and a 12-month high of $83.36. The firm has a market capitalization of $17.71 billion, a P/E ratio of 138.74, a price-to-earnings-growth ratio of 4.54 and a beta of 0.71.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%.The firm had revenue of $653.27 million for the quarter, compared to the consensus estimate of $642.48 million. During the same period in the prior year, the business posted $0.27 earnings per share. The firm's revenue for the quarter 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, equities research analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal year.

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.