Bridgewater Opens New Positions in ServiceNow and Nutanix

Corporate ActionAnalyst
โดย Insider Monkey·US·Read original
Summary · why it matters

Bridgewater Associates opened new positions in two AI stocks during the second quarter, according to billionaire Ray Dalio's fund's 13F filings. The fund bought about 635,000 shares of ServiceNow worth roughly $63 million, a 0.26% portfolio weight, and about 999,000 shares of Nutanix worth roughly $51 million, a 0.21% weight. Nutanix ended fiscal 2026 with recurring revenue of $2.55 billion, up 16%, and added more than 3,000 new customers during the year, though its stock is down 11% over the past year. Management said external storage support drove several seven-figure deals in the fourth quarter and expects it to be the largest single growth contributor in fiscal 2027, while Nutanix has also been picking up business from customers leaving Broadcom's VMware after price increases and licensing changes. Revenue growth is slowing, from 18% in fiscal 2025 to 12% in fiscal 2026, with guidance for 12% again in fiscal 2027, and server shortages are expected to last all of fiscal 2027. The stock trades around 29 times forward earnings against a technology sector median near 22, with enterprise value to sales at about 5.3 against a sector median of 3.5.

Impact on stocks 5

Artificial Intelligence▲ · 4 stocks
ServiceNow Inc
NOW
± MixedCapitalrelevance

Bridgewater opened a new ~$63M position in ServiceNow per its 13F filing, an investor/valuation event with no company-specific operational development.

Cloud & Digital Infrastructure▲ · 1 stocks
Nutanix Inc
NTNX
▲ PositiveCapitalDemandrelevance

Bridgewater opened a new ~$51M position in Nutanix per its 13F filing, an investor/valuation event.

Theme Impact 5

Off-coverage companies 1

Bridgewater AssociatesPrivate± Mixed
relevance

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