Primecap Management Co. CA Sells 451,290 Shares of Nutanix $NTNX

Primecap Management Co. CA lessened its holdings in Nutanix (NASDAQ:NTNX) by 13.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,861,613 shares of the technology company’s stock after selling 451,290 shares during the quarter. Primecap Management Co. CA owned 1.07% of Nutanix worth $218,742,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NTNX. Swedbank AB bought a new stake in shares of Nutanix in the 1st quarter valued at approximately $1,642,000. Silverberg Bernstein Capital Management LLC raised its stake in Nutanix by 61.6% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 37,893 shares of the technology company’s stock worth $2,897,000 after acquiring an additional 14,438 shares in the last quarter. Andra AP fonden boosted its stake in shares of Nutanix by 79.7% in the 2nd quarter. Andra AP fonden now owns 215,707 shares of the technology company’s stock valued at $16,489,000 after purchasing an additional 95,700 shares in the last quarter. OMNI 360 Wealth Inc. acquired a new stake in shares of Nutanix in the 2nd quarter valued at $265,000. Finally, Inspire Investing LLC grew its holdings in shares of Nutanix by 43.1% in the 1st quarter. Inspire Investing LLC now owns 41,472 shares of the technology company’s stock worth $2,895,000 after purchasing an additional 12,489 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on NTNX. Zacks Research raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nutanix in a report on Thursday, November 13th. Northland Capmk downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Bank of America dropped their price target on Nutanix from $95.00 to $93.00 and set a “buy” rating for the company in a report on Thursday, August 28th. Finally, Northland Securities set a $76.00 price objective on Nutanix in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.80.

Insider Buying and Selling

In other Nutanix news, CFO Rukmini Sivaraman sold 11,391 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $78.34, for a total transaction of $892,370.94. Following the completion of the sale, the chief financial officer directly owned 254,637 shares of the company’s stock, valued at approximately $19,948,262.58. The trade was a 4.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Teresa Gayle Sheppard sold 3,500 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $76.48, for a total transaction of $267,680.00. Following the completion of the transaction, the director directly owned 22,400 shares in the company, valued at $1,713,152. This trade represents a 13.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 159,598 shares of company stock worth $12,218,560 over the last three months. 2.40% of the stock is currently owned by company insiders.

Nutanix Price Performance

NTNX opened at $64.01 on Wednesday. The stock has a market capitalization of $17.21 billion, a P/E ratio of 100.02, a price-to-earnings-growth ratio of 6.55 and a beta of 0.54. The company’s 50 day simple moving average is $71.80 and its 200-day simple moving average is $73.31. Nutanix has a one year low of $54.66 and a one year high of $83.36.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, August 27th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. The firm had revenue of $653.27 million for the quarter, compared to the consensus estimate of $642.48 million. Nutanix had a negative return on equity of 28.01% and a net margin of 7.42%.The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 EPS. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, analysts anticipate that Nutanix will post 0.31 EPS 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.