Ethic Inc. Boosts Holdings in Nutanix $NTNX

Ethic Inc. boosted its position in shares of Nutanix (NASDAQ:NTNX) by 36.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,088 shares of the technology company’s stock after buying an additional 4,807 shares during the quarter. Ethic Inc.’s holdings in Nutanix were worth $1,362,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Jericho Capital Asset Management L.P. boosted its stake 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 valued at $286,430,000 after purchasing an additional 1,308,357 shares during the period. AQR Capital Management LLC boosted its stake 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 valued at $246,874,000 after purchasing an additional 1,426,049 shares during the period. Nordea Investment Management AB boosted its stake in shares of Nutanix by 10.0% during the second quarter. Nordea Investment Management AB now owns 2,924,167 shares of the technology company’s stock valued at $224,868,000 after purchasing an additional 266,512 shares during the period. Federated Hermes Inc. boosted its stake 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 valued at $169,218,000 after purchasing an additional 423,249 shares during the period. Finally, Northern Trust Corp boosted its stake 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 valued at $124,175,000 after purchasing an additional 291,188 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Rukmini Sivaraman sold 11,391 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $78.34, for a total transaction of $892,370.94. Following the transaction, the chief financial officer owned 254,637 shares in the company, valued at $19,948,262.58. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $11,058,508.94. Following the transaction, the chief executive officer owned 524,608 shares in the company, valued at approximately $40,090,543.36. This trade represents a 21.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,598 shares of company stock worth $12,218,560 over the last 90 days. 6.80% of the stock is currently owned by corporate insiders.

Nutanix Stock Performance

Shares of Nutanix stock opened at $70.02 on Friday. The company has a market capitalization of $18.82 billion, a PE ratio of 109.41, a P/E/G ratio of 6.74 and a beta of 0.51. The company has a 50-day simple moving average of $71.96 and a two-hundred day simple moving average of $72.70. Nutanix has a one year low of $54.66 and a one year high of $83.36.

Nutanix (NASDAQ:NTNX) last announced 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 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 firm’s revenue was up 19.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities analysts predict that Nutanix will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several recent research reports. Citigroup upgraded Nutanix to a “positive” rating in a report on Tuesday, August 5th. Barclays decreased their price objective on Nutanix from $94.00 to $82.00 and set an “overweight” rating for the company in a report on Thursday, August 28th. JPMorgan Chase & Co. decreased their price objective on Nutanix from $90.00 to $81.00 and set an “overweight” rating for the company in a report on Thursday, August 28th. Northland Capmk downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Finally, Northland Securities set a $76.00 price objective on Nutanix in a report on Thursday, October 9th. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.67.

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.