Price T Rowe Associates Inc. MD Reduces Position in Nutanix $NTNX

Key Points

• Price T Rowe Associates Inc. MD has reduced its stake in Nutanix by 32.8%, now holding approximately 1.2 million shares worth $83.9 million.
• A significant number of institutional investors have increased their positions in Nutanix, with Jacobs Levy Equity Management raising its stake by 9.6% and Federated Hermes Inc. by 21.2%.
• Nutanix recently reported $638.98 million in quarterly revenue, surpassing analyst estimates, with earnings per share of $0.42, exceeding expectations by $0.04.

Price T Rowe Associates Inc. MD reduced its stake in shares of Nutanix (NASDAQ:NTNX - Free Report) by 32.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,201,469 shares of the technology company's stock after selling 587,703 shares during the period. Price T Rowe Associates Inc. MD owned 0.45% of Nutanix worth $83,876,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NTNX. Colonial Trust Co SC acquired a new stake in shares of Nutanix in the 4th quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB boosted its stake in Nutanix by 78.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after purchasing an additional 191 shares during the last quarter. GW&K Investment Management LLC acquired a new position in Nutanix during the 1st quarter valued at about $30,000. SouthState Corp acquired a new position in Nutanix during the 1st quarter valued at about $32,000. Finally, Fifth Third Bancorp boosted its stake in Nutanix by 98.4% during the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock valued at $35,000 after purchasing an additional 250 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NTNX shares. Wells Fargo & Company cut their price target on Nutanix from $85.00 to $71.00 and set an "equal weight" rating for the company in a research note on Thursday. Bank of America dropped their target price on shares of Nutanix from $95.00 to $93.00 and set a "buy" rating on the stock in a research report on Thursday. Barclays dropped their target price on shares of Nutanix from $94.00 to $82.00 and set an "overweight" rating on the stock in a research report on Thursday. Citigroup raised shares of Nutanix to a "positive" rating in a research report on Tuesday, August 5th. Finally, KeyCorp started coverage on shares of Nutanix in a research report on Thursday, June 26th. They set an "overweight" rating and a $95.00 target price on the stock. One investment 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 data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $89.07.

Nutanix Stock Performance

NTNX stock traded up $1.15 during midday trading on Friday, reaching $67.21. 4,668,425 shares of the company's stock traded hands, compared to its average volume of 2,599,388. The company has a 50-day moving average price of $72.92 and a two-hundred day moving average price of $71.91. Nutanix has a 52 week low of $54.66 and a 52 week high of $83.36. The firm has a market capitalization of $18.02 billion, a PE ratio of 105.02, a price-to-earnings-growth ratio of 4.64 and a beta of 0.71.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. The firm 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 business's revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 EPS. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, analysts predict that Nutanix will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Nutanix

In other news, CFO Rukmini Sivaraman sold 2,100 shares of Nutanix stock in a transaction on Monday, June 16th. The shares were sold at an average price of $72.73, for a total transaction of $152,733.00. Following the transaction, the chief financial officer owned 209,070 shares in the company, valued at $15,205,661.10. This trade represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Groen Max Pieter De sold 5,480,467 shares of Nutanix stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the transaction, the director owned 5,480,468 shares in the company, valued at $420,954,747.08. This represents a 50.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,491,492 shares of company stock worth $421,797,778 over the last three months. Company insiders own 6.80% of the company's stock.

Nutanix Profile

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.