OMNI 360 Wealth Inc. Makes New Investment 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 stake in shares of Nutanix (NASDAQ:NTNX - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,471 shares of the technology company's stock, valued at approximately $265,000.

A number of other hedge funds have also modified their holdings of NTNX. Jericho Capital Asset Management L.P. raised its holdings in shares of Nutanix by 46.8% in the first quarter. Jericho Capital Asset Management L.P. now owns 4,102,993 shares of the technology company's stock valued at $286,430,000 after purchasing an additional 1,308,357 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Nutanix by 65.5% in the 1st quarter. AQR Capital Management LLC now owns 3,604,005 shares of the technology company's stock valued at $246,874,000 after purchasing an additional 1,426,049 shares in the last quarter. Federated Hermes Inc. raised its holdings in Nutanix by 21.2% in the 1st quarter. Federated Hermes Inc. now owns 2,423,978 shares of the technology company's stock valued at $169,218,000 after buying an additional 423,249 shares during the last quarter. Northern Trust Corp raised its holdings in Nutanix by 19.6% in the 1st quarter. Northern Trust Corp now owns 1,778,753 shares of the technology company's stock valued at $124,175,000 after buying an additional 291,188 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Nutanix by 1.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,467,177 shares of the technology company's stock worth $102,424,000 after purchasing an additional 24,372 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Nutanix from $90.00 to $81.00 and set an "overweight" rating on the stock in a report on Thursday, August 28th. Wells Fargo & Company dropped 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. Bank of America decreased their price target on shares of Nutanix from $95.00 to $93.00 and set a "buy" rating for the company in a research note on Thursday, August 28th. Piper Sandler reissued an "overweight" rating and issued a $88.00 price objective (up previously from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Finally, KeyCorp initiated coverage on shares of Nutanix in a research report on Thursday, June 26th. They issued an "overweight" rating and a $95.00 price target on the stock. 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.07.

Nutanix Stock Performance

NTNX stock traded up $0.93 during midday trading on Friday, reaching $79.09. 1,146,047 shares of the company were exchanged, compared to its average volume of 2,724,696. The company has a market cap of $21.20 billion, a price-to-earnings ratio of 123.40, a price-to-earnings-growth ratio of 7.47 and a beta of 0.59. The stock's 50-day simple moving average is $72.51 and its 200 day simple moving average is $72.14. Nutanix has a 1-year low of $54.66 and a 1-year high of $83.36.

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 the consensus estimate of $0.31 by $0.06. Nutanix had a net margin of 7.42% and a negative return on equity of 27.63%. The company 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 firm earned $0.27 EPS. The business's revenue was up 19.2% on a year-over-year basis. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, research analysts anticipate that Nutanix will post 0.31 earnings per share for the current year.

Insider Activity at Nutanix

In other news, CFO Rukmini Sivaraman sold 11,391 shares of the firm's stock in a transaction dated Tuesday, September 16th. The stock was 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 trade represents a 4.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $144,375.00. Following the completion of the transaction, the chief executive officer directly owned 518,561 shares in the company, valued at approximately $38,892,075. This 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.

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.