Pallas Capital Advisors LLC Boosts Holdings in Nutanix $NTNX

Pallas Capital Advisors LLC lifted its stake in Nutanix (NASDAQ:NTNX) by 20.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,551 shares of the technology company’s stock after buying an additional 5,417 shares during the period. Pallas Capital Advisors LLC’s holdings in Nutanix were worth $2,488,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Twin Tree Management LP purchased a new position in shares of Nutanix in the 1st quarter valued at $29,000. GW&K Investment Management LLC purchased a new position in shares of Nutanix in the 1st quarter valued at $30,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Nutanix by 78.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company’s stock valued at $30,000 after buying an additional 191 shares during the last quarter. SouthState Corp purchased a new position in shares of Nutanix in the 1st quarter valued at $32,000. Finally, Fifth Third Bancorp grew its position in shares of Nutanix by 98.4% in the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company’s stock valued at $35,000 after buying an additional 250 shares during the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Rajiv Ramaswami sold 1,925 shares of the business’s stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total value of $144,375.00. Following the completion of the sale, the chief executive officer directly owned 518,561 shares in the company, valued at approximately $38,892,075. The trade was a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Rukmini Sivaraman sold 11,391 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer owned 254,637 shares of the company’s stock, valued at approximately $19,948,262.58. The trade was a 4.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on NTNX. The Goldman Sachs Group began coverage on shares of Nutanix in a research note on Tuesday, July 15th. They set a “buy” rating and a $95.00 price target for the company. Bank of America decreased their price target on shares of Nutanix from $95.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, August 28th. Citigroup upgraded shares of Nutanix to a “positive” rating in a research note on Tuesday, August 5th. Wells Fargo & Company decreased their price target on shares of Nutanix from $85.00 to $71.00 and set an “equal weight” rating for the company in a research note on Thursday, August 28th. Finally, Needham & Company LLC decreased their price target on shares of Nutanix from $92.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nutanix currently has a consensus rating of “Moderate Buy” and an average target price of $89.07.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $77.66 on Thursday. The company has a market cap of $20.82 billion, a PE ratio of 121.35, a price-to-earnings-growth ratio of 7.47 and a beta of 0.59. Nutanix has a 12 month low of $54.66 and a 12 month high of $83.36. The company has a 50-day simple moving average of $72.42 and a 200-day simple moving average of $72.13.

Nutanix (NASDAQ:NTNX) last issued its quarterly 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 27.63%. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts anticipate that Nutanix will post 0.31 EPS for the current 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.