Swedbank AB Takes Position in Nutanix $NTNX

Key Points

• Swedbank AB has made a new investment in Nutanix, purchasing 23,514 shares valued at approximately $1.64 million.
• Other institutional investors significantly increased their stakes in Nutanix during the 1st quarter, with AQR Capital Management boosting its holdings by 65.5%.
• Nutanix reported a 19.2% increase in revenue year-over-year, achieving $653.27 million for the most recent quarter, while also beating EPS estimates.

Swedbank AB acquired a new position in Nutanix (NASDAQ:NTNX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,514 shares of the technology company's stock, valued at approximately $1,642,000.

A number of other hedge funds have also recently bought and sold shares of the company. Sheets Smith Investment Management purchased a new position in Nutanix during the 1st quarter valued at about $981,000. Inspire Investing LLC boosted its holdings in Nutanix by 43.1% in the first 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 during the last quarter. Reliant Investment Partners LLC bought a new position in Nutanix during the first quarter worth about $223,000. IFM Investors Pty Ltd raised its position 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 worth $3,403,000 after purchasing an additional 2,159 shares during the period. Finally, Bayforest Capital Ltd raised its position in Nutanix by 61.1% in the 1st quarter. Bayforest Capital Ltd now owns 4,410 shares of the technology company's stock valued at $308,000 after buying an additional 1,672 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NTNX. Susquehanna upped their target price on Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research report on Thursday, May 29th. Needham & Company LLC dropped their price target on Nutanix from $92.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, August 28th. Bank of America dropped their price objective on Nutanix from $95.00 to $93.00 and set a "buy" rating for the company in a research note on Thursday, August 28th. Wall Street Zen lowered Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Monday, June 30th. Finally, Piper Sandler restated an "overweight" rating and set a $88.00 price target (up previously from $76.00) on shares of Nutanix in a report on Thursday, May 29th. 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, the company currently has an average rating of "Moderate Buy" and an average price target of $89.07.

Nutanix Stock Performance

Shares of NTNX traded down $1.07 during mid-day trading on Friday, hitting $77.09. 36,193,596 shares of the company were exchanged, compared to its average volume of 4,455,501. Nutanix has a 1-year low of $54.66 and a 1-year high of $83.36. The company has a 50 day moving average of $72.60 and a 200-day moving average of $72.14. The stock has a market cap of $20.67 billion, a price-to-earnings ratio of 120.46, a price-to-earnings-growth ratio of 7.52 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 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. Nutanix had a net margin of 7.42% and a negative return on equity of 27.63%. The firm had revenue of $653.27 million during the quarter, compared to the consensus estimate of $642.48 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The company's revenue for the quarter was up 19.2% on a year-over-year basis. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Research analysts anticipate that Nutanix will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Rukmini Sivaraman sold 11,391 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $78.34, for a total value of $892,370.94. Following the sale, the chief financial officer directly owned 254,637 shares in the company, valued at approximately $19,948,262.58. This trade represents a 4.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rajiv Ramaswami sold 1,925 shares of Nutanix 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 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 currently owned by company insiders.

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.