SWAN Capital LLC Cuts Position in Nutanix $NTNX

Key Points

• SWAN Capital LLC reduced its position in Nutanix by 51.3%, now holding 3,792 shares worth approximately $265,000 after selling 4,000 shares in the first quarter.
• Multiple hedge funds have modified their stakes in Nutanix, with MassMutual Private Wealth & Trust FSB increasing its holdings by 78.0% during the same period.
• Analysts have set a consensus target price of $89.07 for Nutanix, with several firms issuing "overweight" ratings and price targets ranging from $82.00 to $95.00.

SWAN Capital LLC lessened its holdings in Nutanix (NASDAQ:NTNX - Free Report) by 51.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,792 shares of the technology company's stock after selling 4,000 shares during the period. SWAN Capital LLC's holdings in Nutanix were worth $265,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Twin Tree Management LP bought a new stake in shares of Nutanix in the 1st quarter worth approximately $29,000. GW&K Investment Management LLC bought a new stake in shares of Nutanix in the 1st quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Nutanix by 78.0% in 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 period. SouthState Corp bought a new stake in shares of Nutanix in the 1st quarter worth approximately $32,000. Finally, Fifth Third Bancorp raised its holdings in shares of Nutanix by 98.4% in 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 period. Institutional investors own 85.25% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on NTNX. KeyCorp began coverage on shares of Nutanix in a report on Thursday, June 26th. They issued an "overweight" rating and a $95.00 price target on the stock. Piper Sandler reaffirmed an "overweight" rating and issued a $88.00 price target (up previously from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Morgan Stanley reaffirmed an "overweight" rating and issued a $90.00 price target (up previously from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Susquehanna lifted their price target on shares of Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a report on Thursday, May 29th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.07.

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 shares were 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 of the company's stock, valued at approximately $15,205,661.10. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $75.00, for a total transaction of $144,375.00. Following the completion of the transaction, the chief executive officer directly owned 518,561 shares in the company, valued at approximately $38,892,075. The trade was a 0.37% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

Nutanix Trading Up 1.8%

Nutanix stock opened at $77.15 on Thursday. Nutanix has a 1-year low of $54.66 and a 1-year high of $83.36. The firm has a market capitalization of $20.68 billion, a price-to-earnings ratio of 120.55, a P/E/G ratio of 7.29 and a beta of 0.59. The firm has a 50 day simple moving average of $72.21 and a 200 day simple moving average of $71.89.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The technology company reported $0.37 earnings per share for the quarter, beating 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 business had revenue of $653.27 million during the quarter, compared to analyst estimates of $642.48 million. During the same period in the previous year, the business earned $0.27 EPS. Nutanix'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 forecast that Nutanix will post 0.31 EPS 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.

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