Sheets Smith Investment Management Makes New $981,000 Investment 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 acquired a new stake in Nutanix (NASDAQ:NTNX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,054 shares of the technology company's stock, valued at approximately $981,000.

Several other hedge funds have also recently bought and sold shares of the company. Twin Tree Management LP acquired a new position in Nutanix during the first quarter worth about $29,000. GW&K Investment Management LLC acquired a new stake in shares of Nutanix during the 1st quarter worth about $30,000. MassMutual Private Wealth & Trust FSB boosted its stake 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 last quarter. SouthState Corp acquired a new stake in shares of Nutanix during the 1st quarter worth about $32,000. Finally, Fifth Third Bancorp boosted its stake in shares of Nutanix by 98.4% during the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock worth $35,000 after purchasing an additional 250 shares during the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Stock Performance

NASDAQ:NTNX opened at $81.12 on Friday. Nutanix has a one year low of $54.66 and a one year high of $83.36. The business's 50-day simple moving average is $72.29 and its 200 day simple moving average is $71.97. The stock has a market cap of $21.75 billion, a price-to-earnings ratio of 126.75, a price-to-earnings-growth ratio of 7.42 and a beta of 0.59.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.37 EPS for the quarter, topping 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 analysts' expectations of $642.48 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company'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, equities research analysts predict that Nutanix will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NTNX shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $90.00 price objective (up previously from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. Wall Street Zen lowered Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Monday, June 30th. Citigroup raised Nutanix to a "positive" rating in a research note on Tuesday, August 5th. Bank of America reduced their price objective on Nutanix from $95.00 to $93.00 and set a "buy" rating on the stock in a research note on Thursday, August 28th. Finally, Needham & Company LLC reduced their price objective on Nutanix from $92.00 to $80.00 and set a "buy" 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 given a Hold rating to the company's stock. According to MarketBeat.com, Nutanix presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.07.

Insider Activity

In related news, CFO Rukmini Sivaraman sold 2,100 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $72.73, for a total value of $152,733.00. Following the transaction, the chief financial officer owned 209,070 shares in the company, valued at approximately $15,205,661.10. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rajiv Ramaswami sold 1,925 shares of the business'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 transaction, the chief executive officer owned 518,561 shares in the company, valued at approximately $38,892,075. This trade represents a 0.37% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.80% of the company's stock.

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.

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