Nutanix (NASDAQ:NTNX) CFO Sells $892,370.94 in Stock

Key Points

• Rukmini Sivaraman, CFO of Nutanix, sold 11,391 shares of the company's stock at an average price of $78.34, totaling approximately $892,371.
• The sale represented a 4.28% decrease in Sivaraman's ownership, leaving her with 254,637 shares valued at about $19.95 million.
• Nutanix's stock is currently trading at $77.66, with a market capitalization of $20.82 billion and a P/E ratio of 112.61.

Nutanix (NASDAQ:NTNX - Get Free Report) CFO Rukmini Sivaraman sold 11,391 shares of the business's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $78.34, for a total transaction of $892,370.94. Following the transaction, the chief financial officer owned 254,637 shares in the company, valued at $19,948,262.58. The trade was a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Nutanix Stock Down 1.4%

NASDAQ:NTNX traded down $1.07 on Friday, hitting $77.09. The stock had a trading volume of 36,193,596 shares, compared to its average volume of 6,125,260. The stock has a market cap of $20.67 billion, a price-to-earnings ratio of 120.46, a PEG ratio of 7.42 and a beta of 0.59. The company has a fifty day moving average price of $72.60 and a two-hundred day moving average price of $72.11. Nutanix has a 1-year low of $54.66 and a 1-year high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share for the quarter, beating 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 company had revenue of $653.27 million for the quarter, compared to analyst estimates of $642.48 million. During the same period in the previous year, the business posted $0.27 EPS. Nutanix's revenue was up 19.2% on a year-over-year basis. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, analysts anticipate that Nutanix will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NTNX has been the topic of several recent analyst reports. Citigroup upgraded shares of Nutanix to a "positive" rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. reduced their target price on shares of Nutanix from $90.00 to $81.00 and set an "overweight" rating on the stock in a report on Thursday, August 28th. Needham & Company LLC reduced their target price 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. Bank of America reduced their target price on shares of Nutanix from $95.00 to $93.00 and set a "buy" rating on the stock in a report on Thursday, August 28th. Finally, Barclays reduced their target price on shares of Nutanix from $94.00 to $82.00 and set an "overweight" rating on the stock in a report on Thursday, August 28th. One 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 MarketBeat.com, Nutanix currently has a consensus rating of "Moderate Buy" and an average target price of $89.07.

Institutional Investors Weigh In On Nutanix

A number of large investors have recently modified their holdings of NTNX. Norges Bank purchased a new stake in shares of Nutanix in the 2nd quarter valued at approximately $263,938,000. AQR Capital Management LLC grew its position in shares of Nutanix by 65.5% in the 1st quarter. AQR Capital Management LLC now owns 3,604,005 shares of the technology company's stock valued at $246,874,000 after buying an additional 1,426,049 shares during the last quarter. Marshall Wace LLP grew its position in shares of Nutanix by 75.9% in the 2nd quarter. Marshall Wace LLP now owns 3,279,107 shares of the technology company's stock valued at $250,655,000 after buying an additional 1,415,117 shares during the last quarter. Jericho Capital Asset Management L.P. boosted its stake in Nutanix by 46.8% during the 1st 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 period. Finally, Nuveen LLC acquired a new stake in Nutanix during the 1st quarter worth $86,949,000. 85.25% of the stock is owned by hedge funds and other institutional investors.

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.