Nutanix $NTNX Position Lowered by SWAN Capital LLC

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 cut its stake in Nutanix (NASDAQ:NTNX - Free Report) by 51.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in shares of Nutanix by 69.7% in the first quarter. Assenagon Asset Management S.A. now owns 39,873 shares of the technology company's stock worth $2,784,000 after purchasing an additional 16,374 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Nutanix by 4.9% in the first quarter. Amalgamated Bank now owns 14,420 shares of the technology company's stock valued at $1,007,000 after purchasing an additional 674 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Nutanix by 63.7% in the first quarter. GAMMA Investing LLC now owns 2,768 shares of the technology company's stock valued at $193,000 after purchasing an additional 1,077 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Nutanix in the first quarter valued at about $2,596,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Nutanix in the first quarter valued at about $256,000. 85.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Nutanix news, CEO Rajiv Ramaswami sold 1,925 shares of the firm's stock in a transaction 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 sale, the chief executive officer directly owned 518,561 shares in the company, valued at $38,892,075. This trade represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.80% of the stock is currently owned by corporate insiders.

Nutanix Price Performance

Shares of NASDAQ:NTNX traded down $0.40 during midday trading on Tuesday, hitting $77.81. The company had a trading volume of 1,482,979 shares, compared to its average volume of 2,704,782. Nutanix has a twelve month low of $54.66 and a twelve month high of $83.36. The stock has a market cap of $20.86 billion, a price-to-earnings ratio of 121.60, a price-to-earnings-growth ratio of 7.62 and a beta of 0.59. The business's 50-day simple moving average is $72.37 and its 200-day simple moving average is $72.06.

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 for the quarter, topping the consensus estimate of $0.31 by $0.06. The company had revenue of $653.27 million during the quarter, compared to analyst estimates of $642.48 million. Nutanix had a negative return on equity of 27.63% and a net margin of 7.42%.The firm's revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 earnings per share. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, sell-side analysts forecast that Nutanix will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Needham & Company LLC dropped their target price on shares of Nutanix from $92.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, August 28th. Morgan Stanley reiterated an "overweight" rating and issued a $90.00 target price (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Wall Street Zen lowered Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. Barclays reduced their target price on Nutanix from $94.00 to $82.00 and set an "overweight" rating for the company in a report on Thursday, August 28th. Finally, The Goldman Sachs Group started coverage on Nutanix in a research report on Tuesday, July 15th. They set a "buy" rating and a $95.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $89.07.

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.