Tobam Sells 25,821 Shares of Nutanix $NTNX

Tobam decreased its holdings in shares of Nutanix (NASDAQ:NTNX) by 68.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,640 shares of the technology company’s stock after selling 25,821 shares during the period. Tobam’s holdings in Nutanix were worth $890,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NTNX. Twin Tree Management LP acquired a new position in Nutanix during the first quarter worth $29,000. GW&K Investment Management LLC bought a new stake in shares of Nutanix in the 1st quarter worth about $30,000. SouthState Corp acquired a new stake in shares of Nutanix during the 1st quarter worth about $32,000. Farther Finance Advisors LLC lifted its holdings in Nutanix by 42.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $38,000 after purchasing an additional 150 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in Nutanix in the second quarter valued at about $45,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Needham & Company LLC decreased their price target on Nutanix from $92.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, August 28th. Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a report on Wednesday, October 8th. The Goldman Sachs Group began coverage on Nutanix in a report on Tuesday, July 15th. They issued a “buy” rating and a $95.00 price target for the company. JPMorgan Chase & Co. reduced their price target on shares of Nutanix from $90.00 to $81.00 and set an “overweight” rating on the stock in a research report on Thursday, August 28th. Finally, Citigroup upgraded shares of Nutanix to a “positive” rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $87.67.

Nutanix Stock Down 5.3%

Shares of NASDAQ NTNX opened at $68.55 on Wednesday. Nutanix has a twelve month low of $54.66 and a twelve month high of $83.36. The stock has a market cap of $18.43 billion, a price-to-earnings ratio of 107.11, a P/E/G ratio of 6.55 and a beta of 0.54. The company’s fifty day moving average is $72.37 and its 200-day moving average is $73.45.

Nutanix (NASDAQ:NTNX) last posted its 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 negative return on equity of 28.01% and a net margin of 7.42%.The firm had revenue of $653.27 million for the quarter, compared to analyst estimates of $642.48 million. During the same period in the previous year, the company posted $0.27 earnings per share. The company’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. On average, research analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal year.

Insider Activity at Nutanix

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

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.