Sumitomo Mitsui Trust Group Inc. Boosts Stake in Nutanix $NTNX

Sumitomo Mitsui Trust Group Inc. raised its holdings in Nutanix (NASDAQ:NTNX) by 0.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 493,141 shares of the technology company’s stock after acquiring an additional 4,131 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Nutanix were worth $37,696,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Twin Tree Management LP purchased a new position in Nutanix in the 1st quarter valued at approximately $29,000. GW&K Investment Management LLC purchased a new position in Nutanix in the 1st quarter valued at approximately $30,000. SouthState Corp purchased a new stake in shares of Nutanix during the 1st quarter worth $32,000. Farther Finance Advisors LLC lifted its position in shares of Nutanix by 42.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $38,000 after purchasing an additional 150 shares during the last quarter. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Nutanix during the 2nd quarter worth $45,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

Nutanix stock opened at $69.07 on Wednesday. Nutanix has a fifty-two week low of $54.66 and a fifty-two week high of $83.36. The company has a market capitalization of $18.57 billion, a P/E ratio of 107.92, a PEG ratio of 6.69 and a beta of 0.51. The stock has a 50-day simple moving average of $71.98 and a 200-day simple moving average of $72.82.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $642.48 million. During the same period in the previous year, the business 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. As a group, analysts forecast that Nutanix will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NTNX shares. Barclays decreased their price objective on shares of Nutanix from $94.00 to $82.00 and set an “overweight” rating for the company in a research report on Thursday, August 28th. JPMorgan Chase & Co. decreased their price objective on shares of Nutanix from $90.00 to $81.00 and set an “overweight” rating for the company in a research report on Thursday, August 28th. Needham & Company LLC decreased their price objective on shares of Nutanix from $92.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, August 28th. Wells Fargo & Company decreased their price objective on shares of Nutanix from $85.00 to $71.00 and set an “equal weight” rating for the company in a research report on Thursday, August 28th. Finally, Northland Securities set a $76.00 price target on shares of Nutanix in a research note 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’s stock. According to MarketBeat, Nutanix has an average rating of “Moderate Buy” and an average target price of $87.67.

Insider Activity

In other Nutanix news, Director Teresa Gayle Sheppard sold 3,500 shares of Nutanix 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 transaction, the director directly owned 22,400 shares in the company, valued at approximately $1,713,152. The trade was a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rajiv Ramaswami sold 144,707 shares of Nutanix stock in a transaction on 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 completion of the transaction, the chief executive officer owned 524,608 shares in the company, valued at approximately $40,090,543.36. This represents a 21.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 159,598 shares of company stock valued at $12,218,560. Insiders own 2.40% of the company’s stock.

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.