Panoramic Capital LLC Sells 17,175 Shares of Nutanix $NTNX

Key Points

• Panoramic Capital LLC has reduced its stake in Nutanix by 36.4%, selling 17,175 shares and now holding 30,000 shares, representing a value of $2,094,000.
• Several hedge funds, including Jericho Capital and AQR Capital, increased their positions in Nutanix significantly during the first quarter, highlighting strong institutional interest as 85.25% of the stock is owned by such investors.
• Nutanix reported earnings of $0.37 per share, surpassing expectations, and its revenue grew by 19.2% year-over-year to $653.27 million for the latest quarter.

Panoramic Capital LLC decreased its position in shares of Nutanix (NASDAQ:NTNX - Free Report) by 36.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,000 shares of the technology company's stock after selling 17,175 shares during the period. Nutanix accounts for approximately 2.2% of Panoramic Capital LLC's portfolio, making the stock its 15th biggest position. Panoramic Capital LLC's holdings in Nutanix were worth $2,094,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NTNX. Twin Tree Management LP acquired a new stake in shares of Nutanix during the 1st quarter valued at about $29,000. GW&K Investment Management LLC bought a new position in Nutanix during the first quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB lifted 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 last quarter. Colonial Trust Co SC bought a new stake in Nutanix in the fourth quarter worth approximately $28,000. Finally, SouthState Corp acquired a new position in shares of Nutanix during the 1st quarter worth $32,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Insider Transactions at Nutanix

In related news, CFO Rukmini Sivaraman sold 2,100 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $72.73, for a total value of $152,733.00. Following the completion of the transaction, the chief financial officer directly owned 209,070 shares in the company, 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 available through this hyperlink. Also, CEO Rajiv Ramaswami sold 1,925 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $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. 6.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NTNX has been the subject of several analyst reports. Barclays reduced their price objective on shares of Nutanix from $94.00 to $82.00 and set an "overweight" rating for the company in a research note on Thursday, August 28th. Morgan Stanley reiterated an "overweight" rating and set a $90.00 price target (up previously from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Susquehanna raised their price objective on Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research note on Thursday, May 29th. The Goldman Sachs Group started coverage on Nutanix in a report on Tuesday, July 15th. They issued a "buy" rating and a $95.00 target price for the company. Finally, Piper Sandler reissued an "overweight" rating and issued a $88.00 price target (up previously from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.07.

Nutanix Stock Up 5.1%

NASDAQ NTNX traded up $3.97 during trading on Thursday, hitting $81.12. The company's stock had a trading volume of 5,668,434 shares, compared to its average volume of 2,690,901. Nutanix has a 52 week low of $54.66 and a 52 week high of $83.36. The firm has a market cap of $21.75 billion, a P/E ratio of 126.75, a price-to-earnings-growth ratio of 7.29 and a beta of 0.59. The firm has a 50 day moving average price of $72.21 and a 200 day moving average price of $71.89.

Nutanix (NASDAQ:NTNX - Get Free Report) last released 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. The firm had revenue of $653.27 million during the quarter, compared to analysts' expectations of $642.48 million. Nutanix had a net margin of 7.42% and a negative return on equity of 27.63%. The business's quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities analysts expect that Nutanix will post 0.31 earnings per share for the current year.

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.