Smith Group Asset Management LLC Lowers Position in Nutanix $NTNX

Smith Group Asset Management LLC cut its holdings in shares of Nutanix (NASDAQ:NTNX) by 4.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,179 shares of the technology company’s stock after selling 1,010 shares during the quarter. Smith Group Asset Management LLC’s holdings in Nutanix were worth $1,619,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Paralel Advisors LLC purchased a new position in Nutanix during the 2nd quarter valued at about $2,925,000. Forum Financial Management LP boosted its holdings in Nutanix by 56.2% during the 2nd quarter. Forum Financial Management LP now owns 4,633 shares of the technology company’s stock valued at $354,000 after acquiring an additional 1,667 shares during the period. Ethic Inc. boosted its holdings in Nutanix by 36.2% during the 2nd quarter. Ethic Inc. now owns 18,088 shares of the technology company’s stock valued at $1,362,000 after acquiring an additional 4,807 shares during the period. Cookson Peirce & Co. Inc. purchased a new position in Nutanix during the 2nd quarter valued at about $846,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in Nutanix by 2.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 9,199 shares of the technology company’s stock valued at $703,000 after acquiring an additional 180 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NTNX has been the subject of a number of research analyst reports. Wall Street Zen cut Nutanix from a “strong-buy” rating to a “buy” rating in a report on Monday, June 30th. Barclays lowered their target price on Nutanix from $94.00 to $82.00 and set an “overweight” rating for the company in a report on Thursday, August 28th. The Goldman Sachs Group assumed coverage on Nutanix in a report on Tuesday, July 15th. They set a “buy” rating and a $95.00 target price for the company. KeyCorp assumed coverage on Nutanix in a research report on Thursday, June 26th. They issued an “overweight” rating and a $95.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price target on Nutanix from $90.00 to $81.00 and set an “overweight” rating on the stock in a research report on Thursday, August 28th. Fourteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.67.

Insider Transactions at Nutanix

In other news, CEO Rajiv Ramaswami sold 144,707 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $76.42, for a total transaction of $11,058,508.94. Following the sale, the chief executive officer owned 524,608 shares of the company’s stock, valued at approximately $40,090,543.36. This trade represents a 21.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Teresa Gayle Sheppard sold 3,500 shares of Nutanix stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $76.48, for a total value of $267,680.00. Following the transaction, the director directly owned 22,400 shares in the company, valued at approximately $1,713,152. This trade represents a 13.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 159,598 shares of company stock valued at $12,218,560. Corporate insiders own 6.80% of the company’s stock.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $69.73 on Friday. Nutanix has a fifty-two week low of $54.66 and a fifty-two week high of $83.36. The firm has a market capitalization of $18.74 billion, a PE ratio of 108.95, a price-to-earnings-growth ratio of 6.62 and a beta of 0.51. The stock’s 50-day simple moving average is $71.93 and its 200-day simple moving average is $72.52.

Nutanix (NASDAQ:NTNX) last issued 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 business had revenue of $653.27 million for the quarter, compared to analyst estimates of $642.48 million. During the same quarter last year, the company earned $0.27 EPS. The business’s quarterly revenue 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, sell-side analysts forecast that Nutanix will post 0.31 earnings per share for the current fiscal year.

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.