Toth Financial Advisory Corp Lowers Holdings in Nutanix $NTNX

Key Points

• Toth Financial Advisory Corp significantly reduced its stake in Nutanix by 83.0%, now holding just 2,365 shares, worth approximately $181,000.
• Other investors, such as Jericho Capital and AQR Capital Management, increased their positions, contributing to a total of 85.25% of Nutanix's stock being owned by institutional investors.
• Nutanix reported earnings of $0.37 per share, exceeding analysts' expectations, and a revenue increase of 19.2% year-over-year, reaching $653.27 million.

Toth Financial Advisory Corp lessened its position in Nutanix (NASDAQ:NTNX - Free Report) by 83.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,365 shares of the technology company's stock after selling 11,525 shares during the period. Toth Financial Advisory Corp's holdings in Nutanix were worth $181,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Twin Tree Management LP bought a new stake in Nutanix during the 1st quarter worth about $29,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Nutanix by 78.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after acquiring an additional 191 shares during the last quarter. GW&K Investment Management LLC bought a new stake in Nutanix during the 1st quarter worth approximately $30,000. SouthState Corp bought a new stake in Nutanix during the 1st quarter worth approximately $32,000. Finally, Fifth Third Bancorp grew its stake in shares of Nutanix by 98.4% during the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock worth $35,000 after acquiring an additional 250 shares in the last quarter. 85.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Nutanix from $90.00 to $81.00 and set an "overweight" rating for the company in a research note on Thursday, August 28th. Piper Sandler reissued an "overweight" rating and issued a $88.00 target price (up from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Bank of America decreased their target price on shares of Nutanix from $95.00 to $93.00 and set a "buy" rating for the company in a research note on Thursday, August 28th. KeyCorp began coverage on shares of Nutanix in a research note on Thursday, June 26th. They issued an "overweight" rating and a $95.00 target price for the company. Finally, Needham & Company LLC decreased their target price on shares of Nutanix from $92.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.07.

Nutanix Stock Performance

Shares of NASDAQ:NTNX traded down $1.71 during midday trading on Monday, hitting $75.38. 4,833,399 shares of the stock were exchanged, compared to its average volume of 6,125,260. The stock has a market capitalization of $20.21 billion, a price-to-earnings ratio of 117.78, a P/E/G ratio of 7.42 and a beta of 0.59. The business's 50-day moving average price is $72.66 and its 200 day moving average price is $72.14. Nutanix has a 12 month low of $54.66 and a 12 month 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 for the quarter, topping the consensus estimate of $0.31 by $0.06. The company had revenue of $653.27 million for the quarter, compared to analysts' expectations of $642.48 million. Nutanix had a negative return on equity of 27.63% and a net margin of 7.42%.The business's quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 earnings per share. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, sell-side analysts expect that Nutanix will post 0.31 EPS for the current year.

Insider Activity at Nutanix

In related news, CEO Rajiv Ramaswami sold 1,925 shares of the company's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $75.00, for a total transaction of $144,375.00. Following the completion of the sale, the chief executive officer owned 518,561 shares in the company, valued at approximately $38,892,075. This represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 sale, the chief financial officer owned 254,637 shares of the company's stock, valued at $19,948,262.58. This trade represents a 4.28% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

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.