Vident Advisory LLC Boosts Stock Position in Nutanix $NTNX

Key Points

• Vident Advisory LLC significantly increased its holdings in Nutanix by 154.2% during Q1, owning 22,747 shares valued at approximately $1.59 million.
• Institutional investors now own 85.25% of Nutanix stock, with several major funds like Contour Asset Management and Perpetual Ltd making substantial investments.
• Insider sales included a large transaction by Director Groen Max Pieter De, who sold over 5.48 million shares valued at approximately $421 million, reducing his ownership by 50%.

Vident Advisory LLC grew its position in shares of Nutanix (NASDAQ:NTNX - Free Report) by 154.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 22,747 shares of the technology company's stock after acquiring an additional 13,798 shares during the quarter. Vident Advisory LLC's holdings in Nutanix were worth $1,588,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Magnetar Financial LLC bought a new stake in Nutanix in the first quarter worth $319,000. Driehaus Capital Management LLC lifted its position in Nutanix by 3.7% in the first quarter. Driehaus Capital Management LLC now owns 936,210 shares of the technology company's stock worth $65,357,000 after buying an additional 33,580 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its position in Nutanix by 8.0% in the first quarter. OMERS ADMINISTRATION Corp now owns 23,858 shares of the technology company's stock worth $1,666,000 after buying an additional 1,758 shares during the last quarter. Ieq Capital LLC lifted its position in Nutanix by 58.7% in the first quarter. Ieq Capital LLC now owns 183,508 shares of the technology company's stock worth $12,811,000 after buying an additional 67,903 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Nutanix by 121.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 122,924 shares of the technology company's stock worth $8,581,000 after buying an additional 67,419 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NTNX has been the subject of a number of analyst reports. Piper Sandler restated an "overweight" rating and issued a $88.00 price target (up from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. Raymond James Financial downgraded Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. reduced their target price on Nutanix from $90.00 to $81.00 and set an "overweight" rating on the stock 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, The Goldman Sachs Group began coverage on Nutanix in a research note on Tuesday, July 15th. They issued a "buy" rating and a $95.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $89.07.

Insider Activity

In related news, CEO Rajiv Ramaswami sold 1,925 shares of Nutanix stock in a transaction that occurred 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. This trade represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Rukmini Sivaraman sold 2,100 shares of Nutanix stock in a transaction that occurred 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 disclosure for this sale can be found here. 6.80% of the stock is currently owned by company insiders.

Nutanix Stock Performance

NTNX traded up $1.25 on Friday, hitting $69.92. The company had a trading volume of 2,854,894 shares, compared to its average volume of 3,356,407. The stock has a fifty day moving average price of $72.19 and a 200-day moving average price of $71.79. Nutanix has a 12-month low of $54.66 and a 12-month high of $83.36. The stock has a market capitalization of $18.74 billion, a price-to-earnings ratio of 109.25, a P/E/G ratio of 6.73 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 (EPS) for the quarter, beating 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 company had revenue of $653.27 million for the quarter, compared to analyst estimates of $642.48 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The firm's quarterly 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. Analysts forecast that Nutanix will post 0.31 EPS for the current fiscal 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.