Perpetual Ltd Sells 127,047 Shares of Nutanix $NTNX

Key Points

• Perpetual Ltd has reduced its stake in Nutanix by 14.5%, selling 127,047 shares during the second quarter, bringing its total ownership to 748,899 shares valued at $57,246,000.
• Institutional investors now own 85.25% of Nutanix's stock, with several firms notably increasing their stakes, including Jericho Capital with a 46.8% boost in shares.
• Nutanix reported $0.37 earnings per share, exceeding analyst expectations, alongside a revenue of $653.27 million, marking a 19.2% increase year-over-year.

Perpetual Ltd lowered its holdings in shares of Nutanix (NASDAQ:NTNX - Free Report) by 14.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 748,899 shares of the technology company's stock after selling 127,047 shares during the period. Perpetual Ltd owned about 0.28% of Nutanix worth $57,246,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Twin Tree Management LP acquired a new position in shares of Nutanix during the 1st quarter worth $29,000. GW&K Investment Management LLC acquired a new position in Nutanix in the 1st quarter worth about $30,000. MassMutual Private Wealth & Trust FSB increased 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 worth $30,000 after purchasing an additional 191 shares in the last quarter. SouthState Corp acquired a new position in Nutanix in the 1st quarter worth about $32,000. Finally, Fifth Third Bancorp increased its holdings in Nutanix by 98.4% in the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock worth $35,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Analyst Upgrades and Downgrades

NTNX has been the subject of a number of recent research reports. Citigroup raised Nutanix to a "positive" rating in a report on Tuesday, August 5th. Wells Fargo & Company lowered their target price on Nutanix from $85.00 to $71.00 and set an "equal weight" rating for the company in a report on Thursday, August 28th. Susquehanna upped their target price on Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a report on Thursday, May 29th. Barclays reduced their price target on Nutanix from $94.00 to $82.00 and set an "overweight" rating on the stock in a research report on Thursday, August 28th. Finally, Needham & Company LLC reduced their price target on Nutanix from $92.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.07.

Insiders Place Their Bets

In related news, 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 sale, the chief executive officer owned 518,561 shares of the company's stock, valued at approximately $38,892,075. This trade represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 11,391 shares of Nutanix stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $78.34, for a total value of $892,370.94. Following the sale, the chief financial officer directly owned 254,637 shares of the company's stock, valued at $19,948,262.58. This represents a 4.28% decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

Nutanix Price Performance

Shares of Nutanix stock traded down $1.71 during trading hours on Monday, reaching $75.38. The company had a trading volume of 4,799,059 shares, compared to its average volume of 2,932,326. Nutanix has a one year low of $54.66 and a one year high of $83.36. The business has a fifty day simple moving average of $72.60 and a 200 day simple moving average of $72.11. The firm has a market cap of $20.21 billion, a PE ratio of 117.78, a price-to-earnings-growth ratio of 7.42 and a beta of 0.59.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.37 EPS 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 firm had revenue of $653.27 million during the quarter, compared to analyst estimates of $642.48 million. During the same period last year, the company earned $0.27 earnings per share. The business's revenue for the quarter was up 19.2% on a year-over-year basis. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, research analysts forecast that Nutanix will post 0.31 EPS for the current 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.