Great Lakes Advisors LLC Decreases Stake in Nutanix $NTNX

Key Points

• Great Lakes Advisors LLC reduced its stake in Nutanix by 4.4%, now owning 153,736 shares valued at approximately $10.73 million.
• Nutanix reported Q2 earnings of $0.37 per share, exceeding analyst expectations of $0.31, along with a revenue increase of 19.2% year-over-year.
• Institutional investors and hedge funds collectively own 85.25% of Nutanix's stock, indicating strong institutional interest in the company.

Great Lakes Advisors LLC lessened its stake in shares of Nutanix (NASDAQ:NTNX - Free Report) by 4.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 153,736 shares of the technology company's stock after selling 7,087 shares during the period. Great Lakes Advisors LLC owned about 0.06% of Nutanix worth $10,732,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NTNX. Mercer Global Advisors Inc. ADV grew its holdings in shares of Nutanix by 65.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,532 shares of the technology company's stock valued at $706,000 after buying an additional 4,544 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Nutanix by 108.6% in the fourth quarter. Captrust Financial Advisors now owns 26,131 shares of the technology company's stock worth $1,599,000 after acquiring an additional 13,602 shares during the period. Centiva Capital LP raised its position in shares of Nutanix by 17.8% during the 4th quarter. Centiva Capital LP now owns 6,201 shares of the technology company's stock worth $379,000 after purchasing an additional 936 shares during the last quarter. Cetera Investment Advisers raised its holdings in Nutanix by 1.9% in the 4th quarter. Cetera Investment Advisers now owns 62,962 shares of the technology company's stock valued at $3,852,000 after acquiring an additional 1,175 shares during the last quarter. Finally, Ethic Inc. raised its holdings in Nutanix by 13.7% in the 4th quarter. Ethic Inc. now owns 11,986 shares of the technology company's stock valued at $733,000 after acquiring an additional 1,444 shares during the last quarter. Institutional investors own 85.25% of the company's stock.

Nutanix Stock Performance

NASDAQ NTNX traded down $1.89 during trading hours on Friday, reaching $79.23. 4,848,838 shares of the company's stock were exchanged, compared to its average volume of 4,048,527. Nutanix has a one year low of $54.66 and a one year high of $83.36. The company's 50-day moving average is $72.34 and its two-hundred day moving average is $72.06. The company has a market capitalization of $21.24 billion, a price-to-earnings ratio of 123.80, a price-to-earnings-growth ratio of 7.80 and a beta of 0.59.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its 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 negative return on equity of 27.63% and a net margin of 7.42%.The company had revenue of $653.27 million during the quarter, compared to the consensus estimate of $642.48 million. During the same quarter last year, the firm earned $0.27 earnings per share. The company's 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 predict that Nutanix will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Nutanix

In other Nutanix 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 value of $144,375.00. Following the completion of the transaction, the chief executive officer owned 518,561 shares in the company, valued at $38,892,075. This represents a 0.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the chief financial officer owned 209,070 shares of the company's stock, valued at $15,205,661.10. The trade was a 0.99% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NTNX shares. Susquehanna increased their target price on shares of Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a report on Thursday, May 29th. JPMorgan Chase & Co. cut their target price on shares of Nutanix from $90.00 to $81.00 and set an "overweight" rating for the company in a research report on Thursday, August 28th. Citigroup upgraded shares of Nutanix to a "positive" rating in a report on Tuesday, August 5th. Wells Fargo & Company lowered their price target on shares of Nutanix from $85.00 to $71.00 and set an "equal weight" rating for the company in a report on Thursday, August 28th. Finally, The Goldman Sachs Group started coverage on shares of Nutanix in a report on Tuesday, July 15th. They issued a "buy" rating and a $95.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Nutanix presently has an average rating of "Moderate Buy" and a consensus price target of $89.07.

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.