Nutanix $NTNX Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. reduced its holdings in Nutanix by 41.1%, selling over 1.2 million shares, and now holds approximately 0.68% of the company valued at around $126.9 million.
• In recent insider activity, both CFO Rukmini Sivaraman and CEO Rajiv Ramaswami sold shares of Nutanix, with the transactions indicating decreases in their respective ownership stakes.
• Analysts have mixed reviews on Nutanix, with KeyCorp issuing an "overweight" rating and a $95 price target, while Wells Fargo lowered its target from $85 to $71, reflecting the variable outlook on the stock's performance.

Jacobs Levy Equity Management Inc. lessened its position in shares of Nutanix (NASDAQ:NTNX - Free Report) by 41.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,817,926 shares of the technology company's stock after selling 1,268,587 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.68% of Nutanix worth $126,909,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NTNX. Stifel Financial Corp increased its holdings in Nutanix by 2.3% in the 4th quarter. Stifel Financial Corp now owns 15,931 shares of the technology company's stock worth $975,000 after acquiring an additional 363 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Nutanix by 65.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,532 shares of the technology company's stock worth $706,000 after acquiring an additional 4,544 shares in the last quarter. Captrust Financial Advisors increased its holdings in Nutanix by 108.6% in the 4th 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 in the last quarter. BOKF NA increased its holdings in Nutanix by 74,300.0% in the 4th quarter. BOKF NA now owns 4,464 shares of the technology company's stock worth $278,000 after acquiring an additional 4,458 shares in the last quarter. Finally, Centiva Capital LP increased its holdings in Nutanix by 17.8% in the 4th quarter. Centiva Capital LP now owns 6,201 shares of the technology company's stock worth $379,000 after acquiring an additional 936 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Price Performance

Shares of NTNX stock traded up $0.77 during trading hours on Tuesday, hitting $75.75. The stock had a trading volume of 4,002,033 shares, compared to its average volume of 2,660,867. The firm has a market capitalization of $20.31 billion, a PE ratio of 118.36, a PEG ratio of 6.73 and a beta of 0.59. Nutanix has a twelve month low of $54.66 and a twelve month high of $83.36. The stock's 50 day moving average is $72.16 and its 200 day moving average is $71.82.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The technology company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. The business had revenue of $653.27 million during the quarter, compared to the consensus estimate of $642.48 million. Nutanix had a negative return on equity of 27.63% and a net margin of 7.42%.The company's revenue was up 19.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 earnings per share. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities analysts predict that Nutanix will post 0.31 earnings per share for the current year.

Insider Activity at Nutanix

In other news, CEO Rajiv Ramaswami sold 1,925 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 518,561 shares of the company's stock, valued at approximately $38,892,075. This represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Rukmini Sivaraman sold 2,100 shares of the stock in a transaction that occurred on 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 directly owned 209,070 shares of the company's stock, valued at $15,205,661.10. The trade was a 0.99% 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 corporate insiders.

Analysts Set New Price Targets

NTNX has been the subject of several recent analyst reports. Citigroup raised shares of Nutanix to a "positive" rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. cut their price target on shares of Nutanix from $90.00 to $81.00 and set an "overweight" rating for the company in a report on Thursday, August 28th. Morgan Stanley reissued an "overweight" rating and issued a $90.00 price target (up previously from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Piper Sandler reaffirmed an "overweight" rating and set a $88.00 target price (up previously from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Finally, Raymond James Financial cut shares of Nutanix from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.