Rajiv Ramaswami Sells 144,707 Shares of Nutanix (NASDAQ:NTNX) Stock

Key Points

• Rajiv Ramaswami, CEO of Nutanix, sold 144,707 shares of the company's stock for approximately $11 million, resulting in a 21.62% decrease in his ownership stake.
• Nutanix's stock price fell 0.9% to $76.22 on a day with lower than average trading volume, highlighting potential investor concern.
• The company reported strong revenue growth of 19.2% year-over-year, with earnings per share of $0.37 for the last quarter, exceeding analyst expectations.

Nutanix (NASDAQ:NTNX - Get Free Report) CEO Rajiv Ramaswami sold 144,707 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $76.42, for a total value of $11,058,508.94. Following the sale, the chief executive officer directly owned 524,608 shares in the company, valued at approximately $40,090,543.36. This trade represents a 21.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Nutanix Stock Down 0.9%

Shares of NTNX traded down $0.70 during trading hours on Friday, hitting $76.22. 2,173,075 shares of the company were exchanged, compared to its average volume of 5,617,535. The company has a market cap of $20.43 billion, a price-to-earnings ratio of 119.10, a P/E/G ratio of 7.51 and a beta of 0.51. Nutanix has a fifty-two week low of $54.66 and a fifty-two week high of $83.36. The firm's fifty day moving average is $72.94 and its 200 day moving average is $72.58.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. The company had revenue of $653.27 million for the quarter, compared to analyst estimates of $642.48 million. Nutanix had a negative return on equity of 28.01% and a net margin of 7.42%.Nutanix's quarterly revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 EPS. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Analysts anticipate that Nutanix will post 0.31 EPS for the current year.

Hedge Funds Weigh In On Nutanix

Hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Nutanix in the second quarter valued at approximately $263,938,000. AQR Capital Management LLC lifted its position in shares of Nutanix by 65.5% during the first quarter. AQR Capital Management LLC now owns 3,604,005 shares of the technology company's stock valued at $246,874,000 after purchasing an additional 1,426,049 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Nutanix by 75.9% during the second quarter. Marshall Wace LLP now owns 3,279,107 shares of the technology company's stock valued at $250,655,000 after purchasing an additional 1,415,117 shares in the last quarter. Jericho Capital Asset Management L.P. boosted its position in Nutanix by 46.8% in the first quarter. Jericho Capital Asset Management L.P. now owns 4,102,993 shares of the technology company's stock worth $286,430,000 after purchasing an additional 1,308,357 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Nutanix in the first quarter worth $86,949,000. 85.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NTNX has been the topic of several research analyst reports. Citigroup raised Nutanix to a "positive" rating in a research note on Tuesday, August 5th. Wells Fargo & Company reduced their price objective on Nutanix from $85.00 to $71.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 28th. Bank of America reduced their price objective on Nutanix from $95.00 to $93.00 and set a "buy" rating on the stock in a research note on Thursday, August 28th. JPMorgan Chase & Co. reduced their price objective on Nutanix from $90.00 to $81.00 and set an "overweight" rating on the stock in a research note on Thursday, August 28th. Finally, Needham & Company LLC reduced their price objective on Nutanix from $92.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three 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 target price of $89.07.

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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