Insider Selling: Nutanix (NASDAQ:NTNX) CEO Sells 144,707 Shares of Stock

Nutanix (NASDAQ:NTNX) CEO Rajiv Ramaswami sold 144,707 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $76.42, for a total value of $11,058,508.94. Following the sale, the chief executive officer owned 524,608 shares in the company, valued at approximately $40,090,543.36. The trade was a 21.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nutanix Stock Performance

Shares of NTNX stock opened at $76.22 on Friday. Nutanix has a fifty-two week low of $54.66 and a fifty-two week high of $83.36. The stock has a 50 day simple moving average of $72.94 and a two-hundred day simple moving average of $72.58. The company has a market cap of $20.43 billion, a P/E ratio of 119.10, a PEG ratio of 7.51 and a beta of 0.51.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, August 27th. The technology company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. The company had revenue of $653.27 million during the quarter, compared to the consensus estimate 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 last year, the firm posted $0.27 EPS. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, research analysts predict that Nutanix will post 0.31 earnings per share for the current year.

Hedge Funds Weigh In On Nutanix

Several large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in Nutanix by 58.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 33,068 shares of the technology company’s stock worth $2,023,000 after purchasing an additional 12,140 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Nutanix by 11,327.2% in the 1st quarter. GAMMA Investing LLC now owns 193,234 shares of the technology company’s stock worth $13,490,000 after buying an additional 191,543 shares during the last quarter. Merit Financial Group LLC grew its holdings in shares of Nutanix by 180.8% in the first quarter. Merit Financial Group LLC now owns 18,292 shares of the technology company’s stock valued at $1,277,000 after acquiring an additional 11,777 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Nutanix by 17.6% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,338 shares of the technology company’s stock valued at $93,000 after acquiring an additional 200 shares during the last quarter. Finally, Annex Advisory Services LLC bought a new stake in Nutanix during the first quarter worth $37,294,000. 85.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on NTNX. The Goldman Sachs Group assumed coverage on shares of Nutanix in a research note on Tuesday, July 15th. They issued a “buy” rating and a $95.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutanix in a research report on Saturday, September 27th. Wells Fargo & Company dropped their price target on Nutanix from $85.00 to $71.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 28th. KeyCorp began coverage on Nutanix in a report on Thursday, June 26th. They issued an “overweight” rating and a $95.00 price target on the stock. Finally, Needham & Company LLC reduced their price objective on Nutanix from $92.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.07.

About Nutanix

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.