Nutanix (NASDAQ:NTNX) Given New $53.00 Price Target at Barclays

Key Points

• Barclays raised its price target on Nutanix from $47 to $53 while keeping an equal weight rating, implying about 8.9% upside from the prior close.
• Nutanix stock rose 4.5% to $48.65 after the note, and broader analyst sentiment remains constructive with a Moderate Buy consensus and an average price target of $61.93.
• The company recently topped quarterly expectations, reporting EPS of $0.47 versus $0.35 expected and revenue of $703.1 million, up 10% year over year, and it also raised guidance for FY2026.

Nutanix (NASDAQ:NTNX - Get Free Report) had its price objective increased by investment analysts at Barclays from $47.00 to $53.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the technology company's stock. Barclays's target price suggests a potential upside of 8.93% from the stock's previous close.

NTNX has been the subject of a number of other reports. Rosenblatt Securities reissued a "buy" rating and issued a $60.00 price target on shares of Nutanix in a research report on Friday, May 22nd. Morgan Stanley lifted their target price on Nutanix from $53.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Thursday. Weiss Ratings reissued a "hold (c)" rating on shares of Nutanix in a report on Friday, March 27th. Royal Bank Of Canada restated an "outperform" rating and set a $58.00 price target on shares of Nutanix in a research note on Thursday. Finally, Wall Street Zen cut Nutanix from a "buy" rating to a "hold" rating in a research note on Tuesday, March 10th. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $61.93.

Nutanix Stock Up 4.5%

NTNX stock traded up $2.08 during midday trading on Thursday, hitting $48.65. The company's stock had a trading volume of 2,366,808 shares, compared to its average volume of 4,350,653. Nutanix has a 52-week low of $34.01 and a 52-week high of $82.42. The firm has a market capitalization of $12.90 billion, a P/E ratio of 52.97, a PEG ratio of 5.20 and a beta of 0.54. The firm has a 50-day simple moving average of $41.65 and a 200-day simple moving average of $45.59.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 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 $703.07 million during the quarter, compared to the consensus estimate of $686.34 million. During the same period in the prior year, the company posted $0.22 earnings per share. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts expect that Nutanix will post 0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nutanix

Several hedge funds have recently bought and sold shares of the company. New Millennium Group LLC purchased a new position in shares of Nutanix during the 4th quarter worth approximately $28,000. Western Wealth Management LLC acquired a new stake in Nutanix during the 1st quarter valued at $27,000. V Square Quantitative Management LLC purchased a new position in Nutanix during the fourth quarter worth $39,000. Covestor Ltd boosted its stake in shares of Nutanix by 73.1% during the fourth quarter. Covestor Ltd now owns 767 shares of the technology company's stock valued at $40,000 after acquiring an additional 324 shares during the last quarter. Finally, Harbour Investments Inc. increased its position in Nutanix by 159.4% during the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company's stock worth $42,000 after purchasing an additional 502 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

More Nutanix News

Here are the key news stories impacting Nutanix this week:

• Positive Sentiment: Nutanix reported Q3 EPS of $0.47 versus estimates of $0.35 and revenue of $703.1 million versus expectations of $686.3 million, with revenue up 10% year over year. The beat suggests operating momentum remains strong. Nutanix Reports Third Quarter Fiscal 2026 Financial Results
• Positive Sentiment: The company raised guidance, including FY2026 revenue outlook, which signals management confidence in the demand environment and second-half execution. Nutanix Analysts Boost Their Forecasts Following Upbeat Q3 Results
• Positive Sentiment: Analysts turned more constructive after the report, with Needham lifting its price target to $60 from $55 and Morgan Stanley raising its target to $55 from $53, reinforcing the post-earnings bullish tone. Needham price target raise
• Neutral Sentiment: William Blair kept a Hold rating, suggesting some analysts still see a balanced risk-reward profile despite the solid quarter. Balanced Risk-Reward Keeps Nutanix at Hold Despite Strong Q3 Execution and Growth
• Negative Sentiment: Even after the upbeat results, the stock still faces a relatively high valuation versus its recent trading range, which may limit near-term upside if growth slows or margins compress.

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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