Nutanix $NTNX Shares Acquired by Jericho Capital Asset Management L.P.

Key Points

• Jericho Capital Asset Management L.P. increased its stake in Nutanix by 46.8%, holding over 4 million shares, making it the firm's 7th largest investment.
• Multiple hedge funds, including AQR Capital Management and Federated Hermes, have raised their positions in Nutanix, indicating a growing institutional interest.
• Nutanix reported a 19.2% increase in revenue year-over-year and beat earnings expectations for the last quarter, signaling positive financial performance.

Jericho Capital Asset Management L.P. boosted its holdings in shares of Nutanix (NASDAQ:NTNX - Free Report) by 46.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,102,993 shares of the technology company's stock after purchasing an additional 1,308,357 shares during the quarter. Nutanix makes up approximately 5.2% of Jericho Capital Asset Management L.P.'s holdings, making the stock its 7th largest holding. Jericho Capital Asset Management L.P. owned about 1.54% of Nutanix worth $286,430,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NTNX. Assenagon Asset Management S.A. increased its holdings in shares of Nutanix by 69.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 39,873 shares of the technology company's stock valued at $2,784,000 after acquiring an additional 16,374 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Nutanix by 4.9% in the 1st quarter. Amalgamated Bank now owns 14,420 shares of the technology company's stock valued at $1,007,000 after acquiring an additional 674 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Nutanix by 63.7% in the 1st quarter. GAMMA Investing LLC now owns 2,768 shares of the technology company's stock valued at $193,000 after acquiring an additional 1,077 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Nutanix during the 1st quarter worth $2,596,000. Finally, Sequoia Financial Advisors LLC bought a new position in Nutanix during the 1st quarter worth $256,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Nutanix

In related news, CFO Rukmini Sivaraman sold 2,100 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $72.73, for a total transaction of $152,733.00. Following the completion of the transaction, the chief financial officer directly owned 209,070 shares of the company's stock, valued at approximately $15,205,661.10. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rajiv Ramaswami sold 1,925 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total value of $144,375.00. Following the transaction, the chief executive officer directly owned 518,561 shares of the company's stock, valued at $38,892,075. This trade represents a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NTNX. Citigroup upgraded Nutanix to a "positive" rating in a research report on Tuesday, August 5th. Wall Street Zen lowered Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Monday, June 30th. Wells Fargo & Company reduced their price objective on Nutanix from $85.00 to $71.00 and set an "equal weight" rating for the company in a research note on Thursday, August 28th. Morgan Stanley reissued an "overweight" rating and issued a $90.00 price objective (up from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Finally, The Goldman Sachs Group began coverage on Nutanix in a research note on Tuesday, July 15th. They set a "buy" rating and a $95.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $89.07.

Nutanix Price Performance

Shares of Nutanix stock traded up $0.77 during trading hours on Tuesday, hitting $75.75. The company's stock had a trading volume of 4,002,033 shares, compared to its average volume of 2,660,867. Nutanix has a 12 month low of $54.66 and a 12 month high of $83.36. The stock has a 50 day moving average of $72.16 and a 200 day moving average of $71.82. The company has a market capitalization of $20.31 billion, a PE ratio of 118.36, a price-to-earnings-growth ratio of 6.73 and a beta of 0.59.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. The company had revenue of $653.27 million during the quarter, compared to the consensus estimate of $642.48 million. Nutanix had a negative return on equity of 27.63% and a net margin of 7.42%.The company's revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 earnings per share. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities analysts expect that Nutanix will post 0.31 EPS for the current 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.