Nutanix (NASDAQ:NTNX) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• "Moderate Buy" consensus from 18 analysts (11 buy, 7 hold) with an average 1‑year price target of $62.43, though several brokerages have recently trimmed their targets, reflecting mixed sentiment.
• Institutional investors own 85.25% of shares, with large position changes including a new stake by Norges Bank (~$264M) and sizable increases from Swiss National Bank, Prudential, and Schroder.
• Nutanix beat quarterly estimates (EPS $0.56 vs $0.44; revenue $722.8M vs $709.8M, +10.4% YoY) while trading around $39.83 versus a one‑year high of $83.36 and a P/E of 43.29.

Shares of Nutanix (NASDAQ:NTNX - Get Free Report) have received a consensus rating of "Moderate Buy" from the eighteen research firms that are currently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $62.4286.

Several analysts recently weighed in on NTNX shares. Needham & Company LLC cut their price target on shares of Nutanix from $65.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, February 26th. Barclays decreased their price objective on shares of Nutanix from $53.00 to $47.00 and set an "equal weight" rating for the company in a report on Thursday, February 26th. Morgan Stanley dropped their target price on shares of Nutanix from $62.00 to $56.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 24th. KeyCorp cut their target price on shares of Nutanix from $95.00 to $65.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 26th. Finally, Northland Securities reduced their price target on shares of Nutanix from $76.00 to $53.00 and set a "market perform" rating on the stock in a research report on Wednesday, November 26th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NTNX. Dynamic Technology Lab Private Ltd raised its holdings in Nutanix by 67.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 29,017 shares of the technology company's stock worth $2,218,000 after purchasing an additional 11,670 shares in the last quarter. Norges Bank bought a new stake in shares of Nutanix during the 2nd quarter valued at $263,938,000. Swiss National Bank grew its position in shares of Nutanix by 6.7% in the 2nd quarter. Swiss National Bank now owns 766,300 shares of the technology company's stock worth $58,576,000 after buying an additional 48,400 shares during the period. Prudential Financial Inc. grew its position in shares of Nutanix by 1,069.5% in the 2nd quarter. Prudential Financial Inc. now owns 222,472 shares of the technology company's stock worth $15,560,000 after buying an additional 203,449 shares during the period. Finally, Schroder Investment Management Group increased its stake in shares of Nutanix by 19.1% in the 2nd quarter. Schroder Investment Management Group now owns 1,190,376 shares of the technology company's stock worth $90,992,000 after acquiring an additional 191,314 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Price Performance

NTNX opened at $39.83 on Monday. Nutanix has a one year low of $35.39 and a one year high of $83.36. The business has a 50 day simple moving average of $43.90 and a two-hundred day simple moving average of $57.56. The firm has a market capitalization of $10.77 billion, a price-to-earnings ratio of 43.29, a PEG ratio of 3.53 and a beta of 0.49.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.12. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.The firm had revenue of $722.83 million for the quarter, compared to analyst estimates of $709.83 million. During the same period last year, the company earned $0.47 EPS. The business's quarterly revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts expect that Nutanix will post 0.31 EPS for the current fiscal year.

Nutanix Company Profile

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company's product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.

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