PDT Partners LLC Makes New $1.09 Million Investment in Nutanix $NTNX

Key Points

• PDT Partners LLC has acquired 15,600 shares of Nutanix, representing a new stake valued at approximately $1,089,000.
• Insiders, including CEO Rajiv Ramaswami and CFO Rukmini Sivaraman, recently sold a combined total of over $297,000 worth of Nutanix stock.
• Analyst ratings for Nutanix vary, with Citigroup upgrading the stock to a "positive" rating and KeyCorp setting an $95.00 price target, while others like Wall Street Zen downgraded it to a "buy."

PDT Partners LLC bought a new stake in Nutanix (NASDAQ:NTNX - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 15,600 shares of the technology company's stock, valued at approximately $1,089,000.

Other large investors also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. raised its holdings in shares of Nutanix by 9.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 3,086,513 shares of the technology company's stock worth $188,833,000 after acquiring an additional 269,866 shares during the last quarter. Federated Hermes Inc. grew its position in Nutanix by 21.2% in the 1st quarter. Federated Hermes Inc. now owns 2,423,978 shares of the technology company's stock worth $169,218,000 after purchasing an additional 423,249 shares in the last quarter. Northern Trust Corp grew its position in Nutanix by 19.6% in the 1st quarter. Northern Trust Corp now owns 1,778,753 shares of the technology company's stock worth $124,175,000 after purchasing an additional 291,188 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Nutanix by 1.7% in 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 in the last quarter. Finally, Contour Asset Management LLC bought a new position in shares of Nutanix during the 4th quarter valued at approximately $87,318,000. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Trading Down 0.2%

Shares of NTNX stock traded down $0.12 during trading hours on Tuesday, hitting $74.86. The company's stock had a trading volume of 1,207,254 shares, compared to its average volume of 2,643,976. The company has a 50 day moving average of $72.16 and a 200 day moving average of $71.82. The stock has a market cap of $20.07 billion, a PE ratio of 117.10, a price-to-earnings-growth ratio of 6.73 and a beta of 0.59. Nutanix has a 12-month low of $54.66 and a 12-month high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share 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 firm had revenue of $653.27 million for the quarter, compared to the consensus estimate of $642.48 million. During the same period last year, the firm posted $0.27 earnings per share. The company's revenue for the quarter was up 19.2% on a year-over-year basis. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, analysts anticipate that Nutanix will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Nutanix news, CEO Rajiv Ramaswami sold 1,925 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $38,892,075. This represents a 0.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 2,100 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were 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 owned 209,070 shares in the company, valued at $15,205,661.10. The trade was a 0.99% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NTNX. Bank of America cut their price objective on shares of Nutanix from $95.00 to $93.00 and set a "buy" rating for the company in a report on Thursday, August 28th. Wall Street Zen cut shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Monday, June 30th. Morgan Stanley reiterated an "overweight" rating and issued a $90.00 target price (up previously from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. Susquehanna boosted their price objective on shares of Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research report on Thursday, May 29th. Finally, Wells Fargo & Company dropped their price objective on shares of Nutanix from $85.00 to $71.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 28th. One research 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $89.07.

Nutanix Company 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.