Rafferty Asset Management LLC Sells 4,408 Shares of Nutanix $NTNX

Key Points

• Rafferty Asset Management LLC has reduced its stake in **Nutanix** by **26.9%**, holding 11,975 shares valued at approximately **$836,000** after selling 4,408 shares in the first quarter.
• Various other institutional investors have modified their positions in Nutanix, with **MassMutual Private Wealth & Trust FSB** increasing its stake by **78.0%** in the first quarter.
• Nutanix reported **$0.37 earnings per share** for the last quarter, surpassing consensus estimates of **$0.31**, and had quarterly revenue of **$653.27 million**, up **19.2%** from the previous year.

Rafferty Asset Management LLC reduced its position in Nutanix (NASDAQ:NTNX - Free Report) by 26.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,975 shares of the technology company's stock after selling 4,408 shares during the period. Rafferty Asset Management LLC's holdings in Nutanix were worth $836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of NTNX. True Wealth Design LLC boosted its holdings in shares of Nutanix by 13.2% during the 4th quarter. True Wealth Design LLC now owns 1,249 shares of the technology company's stock valued at $76,000 after purchasing an additional 146 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its position in Nutanix by 0.5% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 34,887 shares of the technology company's stock valued at $2,134,000 after purchasing an additional 159 shares during the period. Concurrent Investment Advisors LLC raised its position in shares of Nutanix by 4.4% in the first quarter. Concurrent Investment Advisors LLC now owns 4,163 shares of the technology company's stock worth $291,000 after acquiring an additional 177 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake 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 worth $30,000 after purchasing an additional 191 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Nutanix by 17.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,338 shares of the technology company's stock valued at $93,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 85.25% of the company's stock.

Analyst Ratings Changes

NTNX has been the topic of several recent analyst reports. Susquehanna upped their price objective on shares of Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a report on Thursday, May 29th. The Goldman Sachs Group initiated coverage on shares of Nutanix in a research note on Tuesday, July 15th. They issued a "buy" rating and a $95.00 target price for the company. Needham & Company LLC dropped their target price on shares of Nutanix from $92.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, August 28th. Piper Sandler restated an "overweight" rating and issued a $88.00 target price (up from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Finally, Bank of America reduced their price target 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 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.07.

Nutanix Stock Performance

Shares of NTNX traded up $0.78 during mid-day trading on Wednesday, hitting $67.90. The company's stock had a trading volume of 2,978,402 shares, compared to its average volume of 3,221,518. The firm has a market capitalization of $18.20 billion, a PE ratio of 106.10, a price-to-earnings-growth ratio of 6.61 and a beta of 0.59. The stock's 50-day moving average is $72.43 and its two-hundred day moving average is $71.82. Nutanix has a one year low of $54.66 and a one year high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The technology company reported $0.37 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $642.48 million. During the same period in the previous year, the business posted $0.27 EPS. The company'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. Analysts expect that Nutanix will post 0.31 EPS for the current fiscal year.

Insider Transactions at Nutanix

In other Nutanix news, 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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Virginia Gambale sold 7,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $78.00, for a total value of $546,000.00. Following the transaction, the director directly owned 38,330 shares in the company, valued at $2,989,740. The trade was a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,491,492 shares of company stock worth $421,797,778 over the last quarter. 6.80% of the stock is currently owned by corporate insiders.

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.