Sheets Smith Investment Management Takes Position in Nutanix $NTNX

Key Points

• Sheets Smith Investment Management made a new investment of approximately $981,000 in Nutanix, acquiring 14,054 shares during the first quarter.
• Nutanix's stock performance reflects a market cap of $21.75 billion with a recent trading range between $54.66 and $83.36 over the past year.
• The company exceeded earnings expectations with a reported $0.37 EPS, outperforming the consensus estimate of $0.31 by $0.06.

Sheets Smith Investment Management bought a new stake in Nutanix (NASDAQ:NTNX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,054 shares of the technology company's stock, valued at approximately $981,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Inspire Investing LLC boosted its holdings in shares of Nutanix by 43.1% during the 1st quarter. Inspire Investing LLC now owns 41,472 shares of the technology company's stock valued at $2,895,000 after acquiring an additional 12,489 shares in the last quarter. Reliant Investment Partners LLC acquired a new stake in shares of Nutanix during the first quarter valued at about $223,000. IFM Investors Pty Ltd boosted its stake in shares of Nutanix by 4.6% during the first quarter. IFM Investors Pty Ltd now owns 48,745 shares of the technology company's stock valued at $3,403,000 after purchasing an additional 2,159 shares in the last quarter. Bayforest Capital Ltd boosted its stake in shares of Nutanix by 61.1% during the first quarter. Bayforest Capital Ltd now owns 4,410 shares of the technology company's stock valued at $308,000 after purchasing an additional 1,672 shares in the last quarter. Finally, Aristeia Capital L.L.C. boosted its position in Nutanix by 17.3% during the 1st quarter. Aristeia Capital L.L.C. now owns 114,600 shares of the technology company's stock worth $8,000,000 after buying an additional 16,900 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Analyst Ratings Changes

NTNX has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on shares of Nutanix from $90.00 to $81.00 and set an "overweight" rating on the stock in a research report on Thursday, August 28th. Wells Fargo & Company cut their price target on shares of Nutanix from $85.00 to $71.00 and set an "equal weight" rating on the stock in a report on Thursday, August 28th. KeyCorp assumed coverage on Nutanix in a report on Thursday, June 26th. They set an "overweight" rating and a $95.00 target price on the stock. Citigroup raised Nutanix to a "positive" rating in a report on Tuesday, August 5th. Finally, Susquehanna lifted their target price on Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a report on Thursday, May 29th. One investment 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 stock. According to data from MarketBeat, Nutanix presently has an average rating of "Moderate Buy" and an average price target of $89.07.

Insider Activity at Nutanix

In other news, CEO Rajiv Ramaswami sold 1,925 shares of the 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 sale, the chief executive officer directly owned 518,561 shares of the company's stock, valued at $38,892,075. This represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.80% of the stock is currently owned by company insiders.

Nutanix Stock Down 0.1%

NTNX traded down $0.06 during trading on Wednesday, hitting $77.64. 1,230,543 shares of the company's stock were exchanged, compared to its average volume of 2,715,777. The business's 50 day moving average is $72.40 and its two-hundred day moving average is $72.09. Nutanix has a fifty-two week low of $54.66 and a fifty-two week high of $83.36. The stock has a market cap of $20.81 billion, a P/E ratio of 121.46, a PEG ratio of 7.52 and a beta of 0.59.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the business posted $0.27 EPS. The firm's revenue was up 19.2% compared to the same quarter last year. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, sell-side analysts forecast that Nutanix will post 0.31 earnings per share for the current year.

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.