12,595 Shares in Nutanix $NTNX Acquired by Voleon Capital Management LP

Key Points

• Voleon Capital Management LP has made a new investment in Nutanix, acquiring 12,595 shares valued at approximately $879,000 in the 1st quarter.
• A number of institutional investors have significantly increased their stakes in Nutanix, with Jericho Capital Asset Management L.P. boosting its holdings by 46.8%.
• Nutanix reported quarterly earnings of $0.37 EPS, exceeding analyst estimates of $0.31, along with a 19.2% year-over-year revenue increase.

Voleon Capital Management LP bought a new position in shares of Nutanix (NASDAQ:NTNX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,595 shares of the technology company's stock, valued at approximately $879,000.

Several other institutional investors also recently modified their holdings of NTNX. True Wealth Design LLC raised its holdings in shares of Nutanix by 13.2% during the fourth quarter. True Wealth Design LLC now owns 1,249 shares of the technology company's stock valued at $76,000 after purchasing an additional 146 shares during the period. Azzad Asset Management Inc. ADV raised its holdings in shares of Nutanix by 0.5% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 34,887 shares of the technology company's stock valued at $2,134,000 after purchasing an additional 159 shares during the period. Concurrent Investment Advisors LLC raised its holdings in shares of Nutanix by 4.4% during the first quarter. Concurrent Investment Advisors LLC now owns 4,163 shares of the technology company's stock valued at $291,000 after purchasing an additional 177 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Nutanix by 78.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after purchasing an additional 191 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Nutanix by 17.6% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,338 shares of the technology company's stock valued at $93,000 after purchasing an additional 200 shares during the period. Institutional investors own 85.25% of the company's stock.

Wall Street Analysts Forecast Growth

NTNX has been the topic of several research reports. Needham & Company LLC dropped their price objective on shares of Nutanix from $92.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, August 28th. KeyCorp initiated coverage on shares of Nutanix in a report on Thursday, June 26th. They set an "overweight" rating and a $95.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of Nutanix in a report on Tuesday, July 15th. They set a "buy" rating and a $95.00 price objective on the stock. Raymond James Financial lowered shares of Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Finally, Wall Street Zen lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Nutanix has a consensus rating of "Moderate Buy" and an average price target of $89.07.

Nutanix Stock Performance

NASDAQ:NTNX traded down $1.89 on Friday, hitting $79.23. The stock had a trading volume of 4,848,838 shares, compared to its average volume of 4,048,527. The stock has a market cap of $21.24 billion, a P/E ratio of 123.80, a price-to-earnings-growth ratio of 7.80 and a beta of 0.59. Nutanix has a 1 year low of $54.66 and a 1 year high of $83.36. The firm's fifty day simple moving average is $72.34 and its two-hundred day simple moving average is $72.08.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The technology company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. The firm had revenue of $653.27 million during the quarter, compared to analyst estimates of $642.48 million. Nutanix had a net margin of 7.42% and a negative return on equity of 27.63%. The company's revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts predict that Nutanix will post 0.31 EPS for the current year.

Insider Activity

In other news, CEO Rajiv Ramaswami sold 1,925 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total transaction of $144,375.00. Following the completion of the sale, the chief executive officer owned 518,561 shares in the company, valued at $38,892,075. This trade represents a 0.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Rukmini Sivaraman sold 2,100 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $72.73, for a total transaction of $152,733.00. Following the sale, the chief financial officer owned 209,070 shares of the company's stock, valued at approximately $15,205,661.10. The trade was a 0.99% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.80% of the company's stock.

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.