Northland Capmk Issues Positive Outlook for Nutanix Earnings

Key Points

• Northland Capmk has upgraded its FY2027 earnings per share estimate for Nutanix from $1.10 to $1.13, while maintaining a "Hold" rating on the stock.
• Despite a positive projection, several analysts have revised their price targets downwards, with Barclays lowering it from $94.00 to $82.00, indicating mixed sentiment in the market.
• Nutanix reported a quarterly EPS of $0.37, exceeding expectations, and achieved a revenue increase of 19.2% year-over-year, signaling strong growth momentum.

Nutanix (NASDAQ:NTNX - Free Report) - Research analysts at Northland Capmk increased their FY2027 earnings per share (EPS) estimates for shares of Nutanix in a research note issued to investors on Thursday, October 9th. Northland Capmk analyst N. Chokshi now expects that the technology company will post earnings per share of $1.13 for the year, up from their prior forecast of $1.10. Northland Capmk has a "Hold" rating on the stock. The consensus estimate for Nutanix's current full-year earnings is $0.31 per share.

A number of other research analysts have also commented on NTNX. Citigroup upgraded Nutanix to a "positive" rating in a research report on Tuesday, August 5th. Bank of America decreased their price objective on Nutanix from $95.00 to $93.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. JPMorgan Chase & Co. decreased their price objective on Nutanix from $90.00 to $81.00 and set an "overweight" rating on the stock in a research report on Thursday, August 28th. Barclays decreased their price objective on Nutanix from $94.00 to $82.00 and set an "overweight" rating on the stock in a research report on Thursday, August 28th. Finally, KeyCorp initiated coverage on Nutanix in a research report on Thursday, June 26th. They issued an "overweight" rating and a $95.00 price objective on the stock. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.67.

Nutanix Stock Performance

Shares of NTNX opened at $68.77 on Friday. The firm has a market capitalization of $18.49 billion, a price-to-earnings ratio of 107.45, a PEG ratio of 6.84 and a beta of 0.51. The business's fifty day moving average price is $72.59 and its two-hundred day moving average price is $72.52. Nutanix has a 52 week low of $54.66 and a 52 week high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. The firm had revenue of $653.27 million during the quarter, compared to analysts' expectations of $642.48 million. Nutanix had a negative return on equity of 28.01% and a net margin of 7.42%.The business's revenue was up 19.2% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS.

Institutional Trading of Nutanix

A number of hedge funds and other institutional investors have recently modified their holdings of NTNX. Earned Wealth Advisors LLC grew its holdings in Nutanix by 3.8% during the second quarter. Earned Wealth Advisors LLC now owns 3,915 shares of the technology company's stock worth $299,000 after purchasing an additional 142 shares during the period. SBI Securities Co. Ltd. grew its holdings in Nutanix by 6.4% during the second quarter. SBI Securities Co. Ltd. now owns 2,453 shares of the technology company's stock worth $188,000 after purchasing an additional 148 shares during the period. Farther Finance Advisors LLC grew its holdings in Nutanix by 42.6% during the second quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company's stock worth $38,000 after purchasing an additional 150 shares during the period. Simmons Bank grew its holdings in Nutanix by 2.1% during the second quarter. Simmons Bank now owns 7,295 shares of the technology company's stock worth $558,000 after purchasing an additional 150 shares during the period. Finally, Aaron Wealth Advisors LLC grew its holdings in Nutanix by 2.6% during the second quarter. Aaron Wealth Advisors LLC now owns 6,489 shares of the technology company's stock worth $496,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Insider Buying and Selling at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 11,391 shares of Nutanix stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $78.34, for a total value of $892,370.94. Following the sale, the chief financial officer owned 254,637 shares of the company's stock, valued at $19,948,262.58. This trade represents a 4.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 144,707 shares of Nutanix stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $76.42, for a total value of $11,058,508.94. Following the completion of the sale, the chief executive officer directly owned 524,608 shares in the company, valued at $40,090,543.36. This represents a 21.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,598 shares of company stock valued at $12,218,560 in the last 90 days. 6.80% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.