Nutanix (NASDAQ:NTNX) Shares Unloaded Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Nutanix, Inc. (NASDAQ:NTNX). In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Nutanix stock on January 13th. The trade occurred in the Representative’s “JOINT OWNERSHIP LPL ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 2/7/2025.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/30/2025.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Manhattan Associates (NASDAQ:MANH) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/29/2025.

Nutanix Price Performance

NASDAQ NTNX opened at $70.47 on Friday. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $75.80. The stock has a 50-day simple moving average of $65.76 and a 200 day simple moving average of $62.70.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Wells Fargo & Company boosted their price objective on Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. UBS Group assumed coverage on Nutanix in a research report on Thursday, December 12th. They set a “buy” rating and a $81.00 price objective for the company. StockNews.com raised Nutanix from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Barclays boosted their price objective on Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Northland Securities reaffirmed a “market perform” rating and issued a $77.00 price target (up previously from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Nutanix presently has an average rating of “Moderate Buy” and a consensus target price of $79.50.

Insider Buying and Selling

In related news, Director Virginia Gambale sold 6,060 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the sale, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. This represents a 11.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 95,852 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the sale, the chief executive officer now owns 540,463 shares in the company, valued at approximately $37,832,410. This trade represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 177,917 shares of company stock worth $12,114,781 in the last three months. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Nutanix

Hedge funds have recently modified their holdings of the stock. Versor Investments LP raised its holdings in shares of Nutanix by 211.7% in the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company’s stock worth $1,976,000 after buying an additional 22,652 shares in the last quarter. Atreides Management LP acquired a new position in shares of Nutanix in the 3rd quarter worth approximately $8,290,000. Two Sigma Advisers LP grew its position in Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after acquiring an additional 695,567 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Nutanix by 101.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 41,958 shares of the technology company’s stock worth $2,486,000 after acquiring an additional 21,086 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its position in Nutanix by 10.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,355,061 shares of the technology company’s stock worth $80,287,000 after acquiring an additional 125,657 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.