Nutanix $NTNX Stake Cut by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC significantly reduced its stake in Nutanix by **99.4%** during the first quarter, downsizing from 16.2 million to 90,170 shares, which are now valued at approximately $6.3 million.
• Insider trading reports indicate that both CFO Rukmini Sivaraman and CEO Rajiv Ramaswami sold shares recently, with Sivaraman's sale representing a **4.28%** decrease in ownership and Ramaswami’s a **0.37%** decrease.
• Analysts have given Nutanix a **consensus target price** of **$89.07**, with mixed ratings ranging from "strong buy" to "hold" across multiple research reports.

Voya Investment Management LLC decreased its holdings in shares of Nutanix (NASDAQ:NTNX - Free Report) by 99.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,170 shares of the technology company's stock after selling 16,123,851 shares during the period. Voya Investment Management LLC's holdings in Nutanix were worth $6,295,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Twin Tree Management LP acquired a new position in shares of Nutanix in the 1st quarter valued at about $29,000. GW&K Investment Management LLC bought a new position in Nutanix in the first quarter worth about $30,000. MassMutual Private Wealth & Trust FSB boosted its stake in Nutanix by 78.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after acquiring an additional 191 shares during the period. SouthState Corp bought a new position in shares of Nutanix during the first quarter valued at approximately $32,000. Finally, Fifth Third Bancorp grew its holdings in shares of 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 purchasing an additional 250 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Insider Activity at Nutanix

In related news, CFO Rukmini Sivaraman sold 11,391 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $19,948,262.58. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 1,925 shares of Nutanix stock in a transaction that occurred 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 owned 518,561 shares in the company, valued at approximately $38,892,075. This trade represents a 0.37% decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on NTNX shares. KeyCorp started coverage on Nutanix in a report on Thursday, June 26th. They issued an "overweight" rating and a $95.00 price target on the stock. Needham & Company LLC dropped their target price on Nutanix from $92.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. Wall Street Zen downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. The Goldman Sachs Group assumed coverage on shares of Nutanix in a research report on Tuesday, July 15th. They set a "buy" rating and a $95.00 price target for the company. Finally, Bank of America dropped their price objective on shares of Nutanix from $95.00 to $93.00 and set a "buy" rating on the stock in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $89.07.

Nutanix Stock Performance

NTNX opened at $77.66 on Thursday. The company has a market capitalization of $20.82 billion, a PE ratio of 121.35, a P/E/G ratio of 7.47 and a beta of 0.59. The stock's fifty day moving average is $72.42 and its 200-day moving average is $72.13. Nutanix has a one year low of $54.66 and a one year high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share (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 for the quarter, compared to analyst estimates of $642.48 million. During the same period in the previous year, the company earned $0.27 earnings per share. Nutanix's 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. On average, equities research analysts forecast that Nutanix will post 0.31 EPS for the current fiscal year.

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.

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