Bridges Investment Management Inc. Takes Position in Nutanix $NTNX

Bridges Investment Management Inc. bought a new position in shares of Nutanix (NASDAQ:NTNX) during the second quarter, Holdings Channel reports. The fund bought 2,889 shares of the technology company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jericho Capital Asset Management L.P. grew its position in shares of 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 valued at $286,430,000 after purchasing an additional 1,308,357 shares in the last quarter. AQR Capital Management LLC grew its position in Nutanix by 65.5% during the first quarter. AQR Capital Management LLC now owns 3,604,005 shares of the technology company’s stock worth $246,874,000 after buying an additional 1,426,049 shares in the last quarter. Federated Hermes Inc. increased its stake in Nutanix by 21.2% in the 1st quarter. Federated Hermes Inc. now owns 2,423,978 shares of the technology company’s stock worth $169,218,000 after acquiring an additional 423,249 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Nutanix by 19.6% in the 1st quarter. Northern Trust Corp now owns 1,778,753 shares of the technology company’s stock valued at $124,175,000 after acquiring an additional 291,188 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Nutanix by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,467,177 shares of the technology company’s stock valued at $102,424,000 after acquiring an additional 24,372 shares in the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NTNX. Wells Fargo & Company decreased their price objective on shares of Nutanix from $85.00 to $71.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 28th. Barclays decreased their price target 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. Needham & Company LLC dropped their price objective on shares of Nutanix from $92.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, August 28th. 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. Finally, KeyCorp initiated coverage on Nutanix in a research report on Thursday, June 26th. They set an “overweight” rating and a $95.00 price target on the stock. Fourteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Nutanix presently has a consensus rating of “Moderate Buy” and an average target price of $87.67.

Nutanix Stock Performance

Shares of Nutanix stock opened at $67.66 on Friday. Nutanix has a 52-week low of $54.66 and a 52-week high of $83.36. The company has a fifty day moving average of $71.95 and a 200-day moving average of $72.36. The stock has a market capitalization of $18.19 billion, a price-to-earnings ratio of 105.72, a price-to-earnings-growth ratio of 6.42 and a beta of 0.51.

Nutanix (NASDAQ:NTNX) last posted 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 28.01%. The business had revenue of $653.27 million during the quarter, compared to the consensus estimate of $642.48 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The firm’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. On average, equities research analysts forecast that Nutanix will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Nutanix

In related news, CEO Rajiv Ramaswami sold 144,707 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $76.42, for a total transaction of $11,058,508.94. Following the completion of the sale, the chief executive officer directly owned 524,608 shares in the company, valued at $40,090,543.36. This represents a 21.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Rukmini Sivaraman sold 11,391 shares of Nutanix stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $78.34, for a total value of $892,370.94. Following the completion of the transaction, the chief financial officer directly owned 254,637 shares in the company, valued at $19,948,262.58. This trade represents a 4.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 159,598 shares of company stock worth $12,218,560 in the last ninety days. 6.80% of the stock is 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.