Pier 88 Investment Partners LLC Sells 3,960 Shares of Nutanix $NTNX

Pier 88 Investment Partners LLC decreased its stake in Nutanix (NASDAQ:NTNX) by 17.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,790 shares of the technology company’s stock after selling 3,960 shares during the quarter. Pier 88 Investment Partners LLC’s holdings in Nutanix were worth $1,436,000 as of its most recent SEC filing.

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

Insider Transactions at Nutanix

In other news, CEO Rajiv Ramaswami sold 144,707 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 524,608 shares in the company, valued at approximately $40,090,543.36. This represents a 21.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Rukmini Sivaraman sold 11,391 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $78.34, for a total transaction of $892,370.94. Following the completion of the transaction, the chief financial officer directly owned 254,637 shares of the company’s stock, valued at approximately $19,948,262.58. This trade represents a 4.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,598 shares of company stock valued at $12,218,560 in the last ninety days. Corporate insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

NTNX has been the subject of several recent analyst reports. Zacks Research raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. JPMorgan Chase & Co. lowered their price objective on Nutanix from $90.00 to $81.00 and set an “overweight” rating on the stock in a research report on Thursday, August 28th. Wells Fargo & Company cut their target price on Nutanix from $85.00 to $71.00 and set an “equal weight” rating for the company in a research report on Thursday, August 28th. Citigroup raised Nutanix to a “positive” rating in a research note on Tuesday, August 5th. Finally, 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 research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.67.

Nutanix Stock Up 1.2%

Shares of Nutanix stock opened at $69.62 on Friday. Nutanix has a twelve month low of $54.66 and a twelve month high of $83.36. The business has a 50-day moving average price of $72.23 and a 200-day moving average price of $73.33. The firm has a market cap of $18.71 billion, a price-to-earnings ratio of 108.78, a PEG ratio of 6.55 and a beta of 0.54.

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

Nutanix Company 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.