Nutanix $NTNX Shares Bought by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd increased its holdings in Nutanix by an impressive 1,357.1%, owning 69,943 shares valued at approximately $4.88 million at the end of the last reporting period.
• Several other institutional investors, like Jericho Capital and AQR Capital, also increased their stakes in Nutanix, indicating strong interest from institutional investors in the tech company, which now has 85.25% of its stock owned by institutional investors.
• Nutanix reported strong quarterly earnings, with a 19.2% year-over-year revenue increase, achieving revenue of $653.27 million, surpassing analyst estimates.

UniSuper Management Pty Ltd raised its position in shares of Nutanix (NASDAQ:NTNX - Free Report) by 1,357.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,943 shares of the technology company's stock after acquiring an additional 65,143 shares during the quarter. UniSuper Management Pty Ltd's holdings in Nutanix were worth $4,883,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. True Wealth Design LLC boosted its stake in Nutanix by 13.2% during the fourth quarter. True Wealth Design LLC now owns 1,249 shares of the technology company's stock worth $76,000 after buying an additional 146 shares during the last quarter. Azzad Asset Management Inc. ADV grew its holdings in Nutanix by 0.5% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 34,887 shares of the technology company's stock valued at $2,134,000 after buying an additional 159 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Nutanix by 4.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 4,163 shares of the technology company's stock valued at $291,000 after buying an additional 177 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in 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 buying an additional 191 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Nutanix by 17.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,338 shares of the technology company's stock valued at $93,000 after buying an additional 200 shares in the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NTNX has been the subject of several analyst reports. Barclays dropped their target price on Nutanix from $94.00 to $82.00 and set an "overweight" rating for the company in a report on Thursday, August 28th. Wells Fargo & Company lowered their price objective on Nutanix from $85.00 to $71.00 and set an "equal weight" rating for the company in a research report on Thursday, August 28th. Bank of America lowered their price objective on Nutanix from $95.00 to $93.00 and set a "buy" rating for the company in a research report on Thursday, August 28th. JPMorgan Chase & Co. lowered their price objective on Nutanix from $90.00 to $81.00 and set an "overweight" rating for the company in a research report on Thursday, August 28th. Finally, Needham & Company LLC lowered their price objective on Nutanix from $92.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, August 28th. One 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's stock. According to MarketBeat, Nutanix presently has a consensus rating of "Moderate Buy" and an average price target of $89.07.

Nutanix Stock Performance

Shares of NTNX traded down $1.89 during midday trading on Friday, hitting $79.23. 4,848,838 shares of the stock were exchanged, compared to its average volume of 4,048,527. Nutanix has a 52-week low of $54.66 and a 52-week high of $83.36. The stock has a fifty day simple moving average of $72.34 and a 200 day simple moving average of $72.06. The firm has a market cap of $21.24 billion, a P/E ratio of 123.80, a P/E/G ratio of 7.80 and a beta of 0.59.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.37 EPS for the quarter, topping 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 27.63% and a net margin of 7.42%.The company's quarterly revenue was up 19.2% on a year-over-year basis. During the same period last 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, equities research analysts forecast that Nutanix will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Nutanix

In other news, CFO Rukmini Sivaraman sold 2,100 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $72.73, for a total value of $152,733.00. Following the sale, the chief financial officer directly owned 209,070 shares in the company, valued at approximately $15,205,661.10. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 1,925 shares of the stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total value 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. The trade was a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by company insiders.

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.