OMNI 360 Wealth Inc. Takes $265,000 Position in Nutanix $NTNX

Key Points

• OMNI 360 Wealth Inc. has acquired a new position in Nutanix by purchasing 3,471 shares worth approximately $265,000 in Q2.
• Analysts have mixed views on Nutanix, with Raymond James downgrading its rating while Morgan Stanley and Goldman Sachs have set high price targets of $90.00 and $95.00, respectively.
• Nutanix reported better-than-expected earnings with a 19.2% year-over-year revenue increase, achieving $653.27 million for the quarter.

OMNI 360 Wealth Inc. purchased a new position in Nutanix (NASDAQ:NTNX - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,471 shares of the technology company's stock, valued at approximately $265,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NTNX. Twin Tree Management LP bought a new position in Nutanix during the 1st quarter worth approximately $29,000. MassMutual Private Wealth & Trust FSB raised its position in shares of 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 acquiring an additional 191 shares in the last quarter. GW&K Investment Management LLC acquired a new stake in shares of Nutanix during the 1st quarter valued at approximately $30,000. SouthState Corp bought a new position in Nutanix during the first quarter worth $32,000. Finally, Fifth Third Bancorp boosted its holdings in Nutanix by 98.4% in the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock worth $35,000 after purchasing an additional 250 shares during the period. 85.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Raymond James Financial cut shares of Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Morgan Stanley reaffirmed an "overweight" rating and set a $90.00 price objective (up previously from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. The Goldman Sachs Group assumed coverage on shares of Nutanix in a research note on Tuesday, July 15th. They set a "buy" rating and a $95.00 price objective on the stock. Piper Sandler reissued an "overweight" rating and issued a $88.00 target price (up previously from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Finally, Citigroup raised Nutanix to a "positive" rating in a report on Tuesday, August 5th. 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.07.

Nutanix Trading Down 2.3%

Shares of NASDAQ NTNX opened at $79.23 on Monday. Nutanix has a 12-month low of $54.66 and a 12-month high of $83.36. The company has a market cap of $21.24 billion, a PE ratio of 123.80, a P/E/G ratio of 7.62 and a beta of 0.59. The stock has a 50 day simple moving average of $72.34 and a 200-day simple moving average of $72.05.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its earnings results on Wednesday, August 27th. The technology company reported $0.37 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $642.48 million. During the same period last year, the firm earned $0.27 EPS. The firm'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. Sell-side analysts forecast that Nutanix will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Nutanix

In related news, CEO Rajiv Ramaswami sold 1,925 shares of Nutanix stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $75.00, for a total transaction of $144,375.00. Following the sale, the chief executive officer directly owned 518,561 shares in the company, valued at $38,892,075. The trade was a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is currently owned by corporate insiders.

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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