Gallagher Capital Advisors LLC acquired a new stake in Nutanix (NASDAQ:NTNX – Free Report) in the third quarter, Holdings Channel.com reports. The fund acquired 31,261 shares of the technology company’s stock, valued at approximately $2,175,000. Nutanix makes up approximately 1.1% of Gallagher Capital Advisors LLC’s portfolio, making the stock its 27th largest position.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Riversedge Advisors LLC lifted its stake in Nutanix by 9.0% during the 3rd quarter. Riversedge Advisors LLC now owns 5,576 shares of the technology company’s stock worth $393,000 after acquiring an additional 462 shares in the last quarter. Wedmont Private Capital grew its position in Nutanix by 11.0% in the 3rd quarter. Wedmont Private Capital now owns 4,602 shares of the technology company’s stock valued at $336,000 after acquiring an additional 457 shares in the last quarter. LifeGoal Investments LLC acquired a new position in Nutanix in the 3rd quarter valued at about $260,000. Stableford Capital II LLC purchased a new stake in Nutanix during the third quarter worth about $973,000. Finally, GAMMA Investing LLC increased its stake in Nutanix by 12.4% during the third quarter. GAMMA Investing LLC now owns 11,305 shares of the technology company’s stock worth $796,000 after purchasing an additional 1,245 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.
Insiders Place Their Bets
In other Nutanix news, CFO Rukmini Sivaraman sold 38,139 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $70.00, for a total value of $2,669,730.00. Following the sale, the chief financial officer directly owned 325,487 shares of the company’s stock, valued at approximately $22,784,090. This represents a 10.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Rajiv Ramaswami sold 324,955 shares of the firm’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $73.57, for a total transaction of $23,906,939.35. Following the completion of the sale, the chief executive officer owned 489,384 shares in the company, valued at $36,003,980.88. The trade was a 39.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 441,639 shares of company stock worth $32,387,844 in the last 90 days. Corporate insiders own 2.40% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on NTNX
Nutanix Stock Performance
Shares of NTNX opened at $74.63 on Friday. The stock has a 50-day simple moving average of $67.71 and a 200-day simple moving average of $54.35. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a market capitalization of $20.19 billion, a PE ratio of 14.46, a PEG ratio of 3.62 and a beta of 0.64. Nutanix has a 1 year low of $34.01 and a 1 year high of $74.66.
Nutanix (NASDAQ:NTNX – Get Free Report) last released its earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. The firm had revenue of $757.08 million for the quarter, compared to analyst estimates of $738.27 million. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. On average, analysts predict that Nutanix will post 1.17 earnings per share for the current fiscal year.
Key Stories Impacting Nutanix
Here are the key news stories impacting Nutanix this week:
- Positive Sentiment: AI-focused customer momentum: Bharat Heavy Electricals Limited (BHEL) and SIS Limited highlighted Nutanix technology in initiatives to modernize infrastructure, support core applications and prepare for artificial-intelligence workloads. The reports did not disclose contract values, but they reinforce the company’s positioning in enterprise hybrid-cloud and AI infrastructure. BHEL accelerates innovation and readies for the AI era with Nutanix SIS Limited Modernizes Core Applications and Drives AI Readiness with Nutanix
- Positive Sentiment: Institutional support and analyst optimism: Several large investment firms increased their Nutanix holdings, while Needham initiated coverage with a Buy rating and a $90 price target. The broader analyst consensus remains “Moderate Buy,” although the consensus target of approximately $73 is close to the current trading range.
- Positive Sentiment: Solid operating backdrop: Nutanix’s latest quarterly results exceeded expectations, with adjusted EPS of $0.60 versus the $0.49 consensus and revenue of $757.1 million versus $738.3 million expected. Revenue increased 15.9% year over year, supporting the stock’s valuation and growth narrative.
- Neutral Sentiment: Short-interest data: Reported short interest was zero shares, implying no measurable short-selling pressure. Investors should treat the figure cautiously because it may reflect a reporting or data anomaly.
- Negative Sentiment: Heavy insider selling: CEO Rajiv Ramaswami sold 324,955 shares for approximately $23.9 million on October 6 and another 75,045 shares for about $5.6 million on October 7, reducing his holdings by roughly 40% across the reported transactions. Director Teresa Sheppard separately sold 3,500 shares worth approximately $257,845. These sales can raise concerns about insider confidence, although they may also reflect personal diversification or scheduled transactions. Nutanix CEO Rajiv Ramaswami sells shares
Nutanix Company Profile
Nutanix, Inc develops enterprise cloud software that helps organizations manage applications and data across on-premises infrastructure, public clouds and hybrid multicloud environments. Its platform is designed to simplify the operation of data centers and cloud resources through a unified software experience.
The company’s offerings include hyperconverged infrastructure software, the Nutanix Cloud Infrastructure platform and AHV virtualization. Nutanix also provides services for file and object storage, databases, disaster recovery, Kubernetes and application management, as well as tools that help customers monitor, secure and govern their hybrid and multicloud environments.
Founded in 2009 and headquartered in San Jose, California, Nutanix serves businesses, government organizations and other institutions globally through direct sales and channel partners.
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