Sciencast Management LP Makes New $960,000 Investment in Nutanix $NTNX

Key Points

• Sciencast Management LP acquired 13,755 shares of Nutanix, representing a new stake valued at approximately $960,000, according to their latest 13F filing.
• Analyst ratings for Nutanix show an average rating of "Moderate Buy" with a price target of $89.07, with some firms adjusting their targets in recent weeks.
• Nutanix reported earnings of $0.37 per share for the last quarter, exceeding expectations, and noted a 19.2% increase in revenue year-over-year.

Sciencast Management LP bought a new position in shares of Nutanix (NASDAQ:NTNX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,755 shares of the technology company's stock, valued at approximately $960,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jericho Capital Asset Management L.P. lifted its stake in 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 buying an additional 1,308,357 shares during the last quarter. AQR Capital Management LLC lifted its stake in Nutanix by 65.5% in the first quarter. AQR Capital Management LLC now owns 3,604,005 shares of the technology company's stock valued at $246,874,000 after buying an additional 1,426,049 shares during the last quarter. Federated Hermes Inc. lifted its stake in Nutanix by 21.2% in the first 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 increased its holdings in shares of Nutanix by 19.6% in the first quarter. Northern Trust Corp now owns 1,778,753 shares of the technology company's stock valued at $124,175,000 after purchasing an additional 291,188 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Nutanix by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,467,177 shares of the technology company's stock worth $102,424,000 after acquiring an additional 24,372 shares during the period. Hedge funds and other institutional investors own 85.25% of the company's stock.

Insider Buying and Selling at Nutanix

In other 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 sale, the chief financial officer directly owned 209,070 shares in the company, valued at $15,205,661.10. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 1,925 shares of the company's stock in a transaction on Thursday, June 26th. The shares were 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 $38,892,075. This 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 corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Raymond James Financial lowered Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Susquehanna upped their price objective on Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a report on Thursday, May 29th. Wells Fargo & Company dropped their price objective on Nutanix from $85.00 to $71.00 and set an "equal weight" rating on the stock in a report on Thursday, August 28th. JPMorgan Chase & Co. decreased their target price on Nutanix from $90.00 to $81.00 and set an "overweight" rating on the stock in a research report on Thursday, August 28th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $90.00 target price (up from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. 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. According to MarketBeat.com, Nutanix currently has a consensus rating of "Moderate Buy" and an average target price of $89.07.

Nutanix Trading Down 2.3%

Shares of NASDAQ:NTNX traded down $1.89 on Friday, hitting $79.23. The company had a trading volume of 4,848,838 shares, compared to its average volume of 4,173,948. Nutanix has a 52-week low of $54.66 and a 52-week high of $83.36. The business has a 50 day moving average of $72.34 and a 200 day moving average of $72.05. The company has a market cap of $21.24 billion, a PE ratio of 123.80, a PEG ratio of 7.62 and a beta of 0.59.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The technology company reported $0.37 earnings per share (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 business had revenue of $653.27 million for the quarter, compared to the consensus estimate of $642.48 million. During the same period in the prior year, the business earned $0.27 earnings per share. 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. As a group, equities analysts predict that Nutanix will post 0.31 EPS for the current 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.