Nutanix $NTNX Shares Sold by QRG Capital Management Inc.

Key Points

• QRG Capital Management reduced its stake in Nutanix (NTNX) by 32.7%, now holding 9,230 shares valued at approximately $706,000.
• Insiders, including CFO Rukmini Sivaraman and CEO Rajiv Ramaswami, sold significant quantities of Nutanix shares, decreasing their ownership stakes by 4.28% and 21.62%, respectively.
• Analysts have mixed sentiments toward Nutanix's stock, with target price adjustments from firms like JPMorgan Chase and Wells Fargo reducing their targets, while a majority of analysts still maintain a "Moderate Buy" rating overall.

QRG Capital Management Inc. lowered its holdings in Nutanix (NASDAQ:NTNX - Free Report) by 32.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,230 shares of the technology company's stock after selling 4,477 shares during the quarter. QRG Capital Management Inc.'s holdings in Nutanix were worth $706,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NTNX. Twin Tree Management LP acquired a new stake in Nutanix during the first quarter valued at $29,000. GW&K Investment Management LLC acquired a new stake in Nutanix during the first quarter valued at $30,000. SouthState Corp acquired a new stake in Nutanix during the first quarter valued at $32,000. Fifth Third Bancorp grew its position in Nutanix by 98.4% during the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock valued at $35,000 after buying an additional 250 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Nutanix by 42.6% during the second quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company's stock valued at $38,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Insider Buying and Selling at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 11,391 shares of Nutanix stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $78.34, for a total transaction of $892,370.94. Following the completion of the sale, the chief financial officer directly owned 254,637 shares in the company, valued at $19,948,262.58. This trade represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 144,707 shares of Nutanix stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $76.42, for a total transaction of $11,058,508.94. Following the sale, the chief executive officer owned 524,608 shares of the company's stock, valued at approximately $40,090,543.36. This represents a 21.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,598 shares of company stock worth $12,218,560 over the last three months. Insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Nutanix in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Nutanix from $90.00 to $81.00 and set an "overweight" rating on the stock in a research report on Thursday, August 28th. KeyCorp initiated coverage on shares of Nutanix in a research report on Thursday, June 26th. They issued an "overweight" rating and a $95.00 target price on the stock. Wells Fargo & Company dropped their target price on shares of Nutanix from $85.00 to $71.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 28th. Finally, 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, August 28th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Nutanix presently has an average rating of "Moderate Buy" and an average target price of $87.67.

Nutanix Price Performance

Shares of NTNX stock opened at $68.77 on Friday. The firm's 50-day moving average is $72.59 and its two-hundred day moving average is $72.52. Nutanix has a 12 month low of $54.66 and a 12 month high of $83.36. The company has a market capitalization of $18.49 billion, a PE ratio of 107.45, a price-to-earnings-growth ratio of 6.84 and a beta of 0.51.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its 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 net margin of 7.42% and a negative return on equity of 28.01%. The company had revenue of $653.27 million for the quarter, compared to the consensus estimate of $642.48 million. During the same period in the previous year, the firm earned $0.27 earnings per share. Nutanix's quarterly revenue was up 19.2% compared to the same quarter last year. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Sell-side 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.

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