Inspire Investing LLC Trims Stock Position in Nutanix $NTNX

Inspire Investing LLC lessened its holdings in shares of Nutanix (NASDAQ:NTNX) by 26.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 30,437 shares of the technology company’s stock after selling 11,035 shares during the quarter. Inspire Investing LLC’s holdings in Nutanix were worth $2,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Jericho Capital Asset Management L.P. raised its holdings in shares of Nutanix by 46.8% during 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. AQR Capital Management LLC raised its holdings 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 worth $246,874,000 after purchasing an additional 1,426,049 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Nutanix by 21.2% during the first quarter. Federated Hermes Inc. now owns 2,423,978 shares of the technology company’s stock worth $169,218,000 after purchasing an additional 423,249 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Nutanix by 19.6% during the first quarter. Northern Trust Corp now owns 1,778,753 shares of the technology company’s stock worth $124,175,000 after purchasing an additional 291,188 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Nutanix by 1.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,467,177 shares of the technology company’s stock valued at $102,424,000 after buying an additional 24,372 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NTNX shares. Wells Fargo & Company cut their price objective on shares of Nutanix from $85.00 to $71.00 and set an “equal weight” rating for the company in a report on Thursday, August 28th. Needham & Company LLC cut 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. JPMorgan Chase & Co. cut their price objective on shares of Nutanix from $90.00 to $81.00 and set an “overweight” rating for the company in a report on Thursday, August 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutanix in a report on Wednesday. Finally, Northland Capmk cut shares of Nutanix from a “strong-buy” rating to a “hold” rating in a report on Thursday. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.67.

Insider Buying and Selling

In related news, CEO Rajiv Ramaswami sold 144,707 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were 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 approximately $40,090,543.36. The trade was a 21.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Teresa Gayle Sheppard sold 3,500 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $76.48, for a total transaction of $267,680.00. Following the transaction, the director owned 22,400 shares in the company, valued at $1,713,152. The trade was a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 159,598 shares of company stock worth $12,218,560. 6.80% of the stock is owned by insiders.

Nutanix Stock Down 0.6%

NTNX stock opened at $68.34 on Friday. The stock has a market capitalization of $18.37 billion, a P/E ratio of 106.78, a P/E/G ratio of 6.62 and a beta of 0.51. The firm has a 50-day simple moving average of $72.51 and a 200-day simple moving average of $72.48. Nutanix has a 52 week low of $54.66 and a 52 week high of $83.36.

Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, August 27th. The technology company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The business had revenue of $653.27 million during the quarter, compared to analysts’ expectations of $642.48 million. Nutanix had a net margin of 7.42% and a negative return on equity of 28.01%. The company’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 earnings per share. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts expect that Nutanix will post 0.31 earnings per share for the current year.

Nutanix 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.