Fundsmith 13F: Cuts Nutanix (NTNX) Stake by $39M

Investment firm Fundsmith cut its position in cloud and artificial intelligence platform provider Nutanix, Inc. (NASDAQ: NTNX) by 58.07% during the quarter. According to a regulatory disclosure filed on May 15, 2026, the firm sold 799,766 shares of the software company. Following the sale, Fundsmith held 577,392 shares of Nutanix, with the remaining position valued at $28,471,200 at the end of the reporting period.

Tracking the Shift in Fundsmith's Nutanix Holding

Fundsmith entered the quarter with 1,377,158 shares of Nutanix before deciding to slash its investment. This reduction leaves the fund with a much lighter position, though it still holds over half a million shares. The transaction follows several other recent moves by Fundsmith, which completely closed out its positions in Graco Inc. and Choice Hotels around the same time.

Nutanix Stock Performance Since the Filing

Nutanix shares have seen significant movement since the quarter covered by the filing. On Saturday, the stock was priced at $49.31, down from its previous close of $69.80. This puts the stock below its 50-day moving average of $63.22, but it remains very close to its 200-day moving average of $49.51. Over the last 52 weeks, Nutanix has traded between a low of $34.01 and a high of $78.45.

Recent Earnings

Nutanix has shown healthy financial performance, reporting revenue of $2.85 billion and revenue growth of 15.9%. The company has a net margin of 52.81% and a return on equity of 374.60%. Its price-to-earnings ratio is 13.55, while its forward P/E ratio is 26.34. The company's next earnings release is scheduled for November 25, 2026.

Analysts Set New Price Targets

Several research firms have updated their outlooks on the stock recently. On September 28, 2026, Needham kept its Buy rating on Nutanix with a $90.00 price target. On August 28, 2026, Barclays kept its Equal-Weight rating with a price target of $75.00. A day earlier, on August 27, 2026, Piper Sandler reiterated its Overweight rating with a $75.00 price target, and Keybanc kept its Overweight rating with a target of $79.00. The current consensus price target among 14 analyst opinions is $76.41.

Cloud and AI Operations at Nutanix

Nutanix designs software that allows businesses to manage cloud infrastructure and run applications across private data centers and public clouds. The company has also expanded its offerings to include enterprise AI platforms, which help organizations deploy and run artificial intelligence models locally and securely.

What Lies Ahead for Nutanix

Investors will be watching how the stock behaves as its next earnings date on November 25, 2026, approaches. While quarterly regulatory filings provide a helpful look at what major funds are buying and selling, they reflect historical holdings and may not show what Fundsmith currently owns today.