AQR Capital Management LLC Buys 1,426,049 Shares of Nutanix $NTNX

Key Points

• AQR Capital Management LLC increased its stake in Nutanix by 65.5%, owning 3,604,005 shares valued at $246.87 million as of its latest SEC filing.
• Nutanix reported earnings of $0.37 EPS for the last quarter, surpassing expectations and showing a 19.2% revenue increase year-over-year.
• Analysts have varied predictions for Nutanix's stock, with price targets ranging from $71.00 to $95.00, and a consensus rating of "Moderate Buy".

AQR Capital Management LLC increased its holdings in shares of Nutanix (NASDAQ:NTNX - Free Report) by 65.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,604,005 shares of the technology company's stock after acquiring an additional 1,426,049 shares during the quarter. AQR Capital Management LLC owned about 1.35% of Nutanix worth $246,874,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. increased its position in Nutanix by 69.7% during the first quarter. Assenagon Asset Management S.A. now owns 39,873 shares of the technology company's stock worth $2,784,000 after acquiring an additional 16,374 shares during the period. Amalgamated Bank increased its stake in shares of Nutanix by 4.9% in the 1st quarter. Amalgamated Bank now owns 14,420 shares of the technology company's stock valued at $1,007,000 after acquiring an additional 674 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Nutanix by 63.7% in the 1st quarter. GAMMA Investing LLC now owns 2,768 shares of the technology company's stock valued at $193,000 after acquiring an additional 1,077 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Nutanix in the 1st quarter valued at $2,596,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Nutanix in the 1st quarter valued at $256,000. 85.25% of the stock is owned by institutional investors.

Insider Transactions at Nutanix

In related news, CEO Rajiv Ramaswami sold 1,925 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $75.00, for a total value of $144,375.00. Following the sale, the chief executive officer directly owned 518,561 shares in the company, valued at approximately $38,892,075. The trade was a 0.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Rukmini Sivaraman sold 2,100 shares of the business's 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 sale, the chief financial officer 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. Insiders own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several research reports. Morgan Stanley reissued an "overweight" rating and issued a $90.00 price target (up previously from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. The Goldman Sachs Group initiated coverage on shares of Nutanix in a research 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 research report on Tuesday, August 5th. Barclays cut their price objective on shares of Nutanix from $94.00 to $82.00 and set an "overweight" rating on the stock in a report on Thursday, August 28th. Finally, Needham & Company LLC cut their price objective on shares of Nutanix from $92.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $89.07.

Nutanix Trading Up 8.1%

Shares of NASDAQ:NTNX traded up $5.63 during midday trading on Monday, reaching $75.55. The company had a trading volume of 4,035,319 shares, compared to its average volume of 2,622,136. The company's 50 day moving average price is $72.19 and its 200 day moving average price is $71.79. The stock has a market cap of $20.25 billion, a P/E ratio of 117.90, a P/E/G ratio of 6.73 and a beta of 0.59. Nutanix has a 52-week low of $54.66 and a 52-week high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its quarterly 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. Nutanix had a net margin of 7.42% and a negative return on equity of 27.63%. The company had revenue of $653.27 million for the quarter, compared to the consensus estimate of $642.48 million. During the same period in the previous year, the firm earned $0.27 EPS. The firm's quarterly revenue was up 19.2% on a year-over-year basis. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Research analysts forecast 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.