Savant Capital LLC Purchases 20,684 Shares of Nutanix $NTNX

Savant Capital LLC raised its position in Nutanix (NASDAQ:NTNX) by 33.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,042 shares of the technology company’s stock after purchasing an additional 20,684 shares during the period. Savant Capital LLC’s holdings in Nutanix were worth $6,348,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NTNX. AQR Capital Management LLC raised its position in shares of Nutanix by 65.5% in 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. Jericho Capital Asset Management L.P. increased its stake in Nutanix by 46.8% in 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 acquiring an additional 1,308,357 shares during the last quarter. Nuveen LLC bought a new position in Nutanix in the 1st quarter worth about $86,949,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Nutanix by 4,832.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 506,418 shares of the technology company’s stock valued at $35,353,000 after acquiring an additional 496,150 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Nutanix by 21.2% during the 1st quarter. Federated Hermes Inc. now owns 2,423,978 shares of the technology company’s stock valued at $169,218,000 after acquiring an additional 423,249 shares during the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NTNX shares. 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. Needham & Company LLC decreased their price target 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. Northland Securities set a $76.00 price objective on shares of Nutanix in a research report on Thursday, October 9th. The Goldman Sachs Group initiated coverage on shares of Nutanix in a research report on Tuesday, July 15th. They issued a “buy” rating and a $95.00 target price for the company. Finally, Northland Capmk cut Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.67.

Nutanix Stock Performance

NTNX stock opened at $69.62 on Friday. The firm has a market cap of $18.71 billion, a P/E ratio of 108.78, a P/E/G ratio of 6.55 and a beta of 0.54. The firm’s fifty day moving average is $72.23 and its 200 day moving average is $73.33. Nutanix has a 52 week low of $54.66 and a 52 week high of $83.36.

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. As a group, analysts forecast that Nutanix will post 0.31 EPS for the current year.

Insider Activity at Nutanix

In related news, CEO Rajiv Ramaswami sold 144,707 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 524,608 shares in the company, valued at $40,090,543.36. This trade represents a 21.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rukmini Sivaraman sold 11,391 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $78.34, for a total value of $892,370.94. Following the completion of the sale, the chief financial officer owned 254,637 shares of the company’s stock, valued at $19,948,262.58. The trade was a 4.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 159,598 shares of company stock worth $12,218,560 in the last ninety days. 2.40% 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.