Nutanix $NTNX Stock Position Decreased by Parsifal Capital Management LP

Key Points

• Parsifal Capital Management LP reduced its stake in Nutanix by 11.2%, now holding approximately 678,457 shares, which accounts for about 4.1% of its total holdings.
• Several hedge funds, including AQR Capital Management and Jericho Capital Asset Management, increased their positions in Nutanix significantly during the first quarter of this year, with AQR's holdings rising by 65.5%.
• Analysts have issued a range of price adjustments for Nutanix stock, with Barclays lowering its target from $94 to $82, while Morgan Stanley raised its target to $90, maintaining an "overweight" rating.

Parsifal Capital Management LP lowered its stake in shares of Nutanix (NASDAQ:NTNX - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 678,457 shares of the technology company's stock after selling 85,271 shares during the period. Nutanix accounts for approximately 4.1% of Parsifal Capital Management LP's portfolio, making the stock its 8th largest holding. Parsifal Capital Management LP owned 0.25% of Nutanix worth $47,363,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Colonial Trust Co SC purchased a new stake in Nutanix during the 4th quarter worth about $28,000. Twin Tree Management LP bought a new stake in shares of Nutanix during the first quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Nutanix by 78.0% during the first 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 during the period. GW&K Investment Management LLC purchased a new stake in shares of Nutanix in the first quarter worth about $30,000. Finally, SouthState Corp bought a new position in shares of Nutanix in the first quarter valued at approximately $32,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NTNX. Piper Sandler reaffirmed an "overweight" rating and set a $88.00 target price (up previously from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Barclays reduced their price target on shares of Nutanix from $94.00 to $82.00 and set an "overweight" rating for the company in a research report on Thursday, August 28th. Needham & Company LLC dropped their price target on Nutanix from $92.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, August 28th. JPMorgan Chase & Co. cut their price objective on Nutanix from $90.00 to $81.00 and set an "overweight" rating for the company in a report on Thursday, August 28th. Finally, Bank of America lowered their target price on shares of Nutanix from $95.00 to $93.00 and set a "buy" rating on the stock in a research note on Thursday, August 28th. One equities research 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.07.

Nutanix Stock Performance

Shares of NTNX stock traded up $1.40 on Wednesday, hitting $77.15. 4,802,279 shares of the company's stock traded hands, compared to its average volume of 3,738,032. The stock has a market capitalization of $20.68 billion, a price-to-earnings ratio of 109.78, a P/E/G ratio of 7.29 and a beta of 0.59. The company's fifty day simple moving average is $72.21 and its 200 day simple moving average is $71.89. Nutanix has a one year low of $54.66 and a one year high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share (EPS) 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 analyst estimates of $642.48 million. Nutanix had a net margin of 7.42% and a negative return on equity of 27.63%. The company's revenue was up 19.2% on a year-over-year basis. During the same period in the prior 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 anticipate that Nutanix will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Nutanix

In other news, CFO Rukmini Sivaraman sold 2,100 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $72.73, for a total transaction of $152,733.00. Following the completion of the sale, the chief financial officer owned 209,070 shares of the company's stock, valued at approximately $15,205,661.10. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rajiv Ramaswami sold 1,925 shares of Nutanix 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.80% of the company's stock.

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.