Pallas Capital Advisors LLC Acquires 5,417 Shares of Nutanix $NTNX

Key Points

• Pallas Capital Advisors LLC increased its stake in Nutanix by 20%, owning 32,551 shares valued at approximately $2.48 million as of the latest quarter.
• The company's CEO and CFO both sold shares recently, with CEO Rajiv Ramaswami selling 1,925 shares for $144,375, while CFO Rukmini Sivaraman sold 11,391 shares for $892,370.
• Analysts maintain a Moderate Buy consensus rating for Nutanix, with price targets ranging from $71 to $95, and a current average target price of $89.07.

Pallas Capital Advisors LLC raised its stake in Nutanix (NASDAQ:NTNX - Free Report) by 20.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,551 shares of the technology company's stock after buying an additional 5,417 shares during the quarter. Pallas Capital Advisors LLC's holdings in Nutanix were worth $2,488,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Twin Tree Management LP purchased a new position in shares of Nutanix in the 1st quarter valued at 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 worth $30,000 after purchasing an additional 191 shares during the period. GW&K Investment Management LLC acquired a new stake in Nutanix in the 1st quarter valued at approximately $30,000. SouthState Corp acquired a new position in shares of Nutanix in the 1st quarter worth $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 buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Analyst Ratings Changes

NTNX has been the topic of a number of recent research reports. Barclays decreased their price objective on Nutanix from $94.00 to $82.00 and set an "overweight" rating on the stock in a research report on Thursday, August 28th. Wall Street Zen downgraded Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. Wells Fargo & Company reduced their target price 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. Susquehanna raised their price target on shares of Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Nutanix from $90.00 to $81.00 and set an "overweight" rating for the company in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.07.

Insider Transactions at Nutanix

In related news, CEO Rajiv Ramaswami sold 1,925 shares of the company's stock in a transaction dated 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 sale, the chief executive officer 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Rukmini Sivaraman sold 11,391 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $78.34, for a total value of $892,370.94. Following the transaction, the chief financial officer owned 254,637 shares of the company's stock, valued at approximately $19,948,262.58. The trade was a 4.28% 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 Stock Down 1.4%

NTNX stock traded down $1.07 during mid-day trading on Friday, reaching $77.09. The company had a trading volume of 36,193,596 shares, compared to its average volume of 4,455,501. Nutanix has a one year low of $54.66 and a one year high of $83.36. The stock's 50-day simple moving average is $72.60 and its two-hundred day simple moving average is $72.10. The stock has a market capitalization of $20.67 billion, a P/E ratio of 120.46, a P/E/G ratio of 7.42 and a beta of 0.59.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share for the quarter, beating 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 company had revenue of $653.27 million for the quarter, compared to the consensus estimate of $642.48 million. During the same quarter in the prior year, the company earned $0.27 EPS. The firm's quarterly 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 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.