Northland Capmk Forecasts Increased Earnings for Nutanix

Key Points

• Nutanix's FY2026 earnings per share estimates have been raised from $0.85 to $1.00 by Northland Capital Markets, reflecting growing optimism about the company's financial performance.
• The consensus estimate for Nutanix's current full-year earnings stands at $0.31 per share, indicating a significant projected increase in earnings.
• Recent research reports show a trend of reduced price targets for Nutanix, with Barclays lowering their target to $82.00 while maintaining an "overweight" rating.

Nutanix (NASDAQ:NTNX - Free Report) - Research analysts at Northland Capmk increased their FY2026 earnings per share estimates for shares of Nutanix in a research report issued to clients and investors on Wednesday, August 27th. Northland Capmk analyst N. Chokshi now expects that the technology company will post earnings of $1.00 per share for the year, up from their previous forecast of $0.85. The consensus estimate for Nutanix's current full-year earnings is $0.31 per share. Northland Capmk also issued estimates for Nutanix's FY2027 earnings at $0.67 EPS.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $653.27 million for the quarter, compared to analyst estimates of $642.48 million. Nutanix had a negative return on equity of 27.63% and a net margin of 7.42%.The business's revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 earnings per share. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS.

A number of other research firms also recently commented on NTNX. Piper Sandler reiterated an "overweight" rating and issued a $88.00 price objective (up previously from $76.00) on shares of Nutanix in a report on Thursday, May 29th. The Goldman Sachs Group assumed coverage on Nutanix in a research note on Tuesday, July 15th. They issued a "buy" rating and a $95.00 target price for the company. Bank of America decreased their target price on Nutanix from $95.00 to $93.00 and set a "buy" rating for the company in a research note on Thursday. Susquehanna boosted their target price on Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research note on Thursday, May 29th. Finally, Wells Fargo & Company decreased their target price on Nutanix from $85.00 to $71.00 and set an "equal weight" rating for the company in a research note on Thursday. One 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 stock. According to MarketBeat, Nutanix has a consensus rating of "Moderate Buy" and an average target price of $89.07.

Nutanix Stock Up 1.7%

NASDAQ NTNX traded up $1.15 on Friday, reaching $67.21. The company had a trading volume of 4,668,425 shares, compared to its average volume of 3,314,458. The stock's 50 day moving average is $72.81 and its 200-day moving average is $71.90. The stock has a market cap of $18.02 billion, a price-to-earnings ratio of 105.02, a PEG ratio of 6.61 and a beta of 0.59. Nutanix has a 52 week low of $54.66 and a 52 week high of $83.36.

Insider Buying and Selling

In related news, CFO Rukmini Sivaraman sold 2,100 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $72.73, for a total transaction of $152,733.00. Following the completion of the transaction, the chief financial officer directly owned 209,070 shares of the company's stock, valued at approximately $15,205,661.10. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Groen Max Pieter De sold 5,480,467 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $76.81, for a total value of $420,954,670.27. Following the transaction, the director directly owned 5,480,468 shares of the company's stock, valued at $420,954,747.08. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,491,492 shares of company stock valued at $421,797,778. 6.80% of the stock is currently owned by company insiders.

Institutional Trading of Nutanix

Several institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC raised its stake in Nutanix by 30.8% in the second quarter. AQR Capital Management LLC now owns 4,712,266 shares of the technology company's stock valued at $360,206,000 after buying an additional 1,108,261 shares during the period. Geode Capital Management LLC increased its stake in shares of Nutanix by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 4,549,909 shares of the technology company's stock valued at $346,720,000 after purchasing an additional 25,918 shares during the last quarter. Jericho Capital Asset Management L.P. increased its stake in shares of Nutanix by 46.8% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 4,102,993 shares of the technology company's stock valued at $286,430,000 after purchasing an additional 1,308,357 shares during the last quarter. Norges Bank bought a new position in shares of Nutanix in the 2nd quarter valued at $263,938,000. Finally, Marshall Wace LLP increased its stake in shares of Nutanix by 75.9% in the 2nd quarter. Marshall Wace LLP now owns 3,279,107 shares of the technology company's stock valued at $250,655,000 after purchasing an additional 1,415,117 shares during the last quarter. Institutional investors own 85.25% of the company's stock.

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.