Nutanix (NASDAQ:NTNX) Lowered to "Hold" Rating by Northland Capmk

Key Points

• Nutanix has been downgraded by Northland Capital Markets from a "strong-buy" to a "hold" rating, with FY2027 earnings estimated at $1.13 EPS.
• The company's stock has dropped 3.3%, currently trading around $68.77, and analyst ratings show a consensus of "Moderate Buy" with a target price of $87.67.
• Insider trading activity includes sales by the CEO and a director, decreasing their holdings significantly, with insiders now owning 6.80% of the company’s stock.

Nutanix (NASDAQ:NTNX - Get Free Report) was downgraded by Northland Capmk from a "strong-buy" rating to a "hold" rating in a note issued to investors on Thursday,Zacks.com reports. Northland Capmk also issued estimates for Nutanix's FY2027 earnings at $1.13 EPS.

A number of other research analysts have also recently issued reports on NTNX. Citigroup raised Nutanix to a "positive" rating in a research note on Tuesday, August 5th. KeyCorp started coverage on Nutanix in a research note on Thursday, June 26th. They issued an "overweight" rating and a $95.00 target price for the company. Needham & Company LLC decreased their target price on Nutanix from $92.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, August 28th. Northland Securities set a $76.00 target price on Nutanix in a research note on Thursday. 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, August 28th. Fourteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.67.

Nutanix Stock Down 3.3%

Nutanix stock opened at $68.77 on Thursday. The business's 50-day simple moving average is $72.59 and its 200 day simple moving average is $72.52. The stock has a market cap of $18.49 billion, a price-to-earnings ratio of 107.45, a P/E/G ratio of 6.84 and a beta of 0.51. Nutanix has a 12-month low of $54.66 and a 12-month high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. The business had revenue of $653.27 million for 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 firm's quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 earnings per share. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, sell-side analysts expect that Nutanix will post 0.31 EPS for the current year.

Insider Buying and Selling

In related news, Director Teresa Gayle Sheppard sold 3,500 shares of the company's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $76.48, for a total transaction of $267,680.00. Following the sale, the director owned 22,400 shares in the company, valued at approximately $1,713,152. This represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rajiv Ramaswami sold 144,707 shares of the company's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $76.42, for a total value of $11,058,508.94. Following the sale, the chief executive officer owned 524,608 shares in the company, valued at $40,090,543.36. The trade was a 21.62% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 159,598 shares of company stock worth $12,218,560. Corporate insiders own 6.80% of the company's stock.

Institutional Trading of Nutanix

Institutional investors and hedge funds have recently bought and sold shares of the stock. Twin Tree Management LP bought a new stake in Nutanix during the first quarter worth about $29,000. GW&K Investment Management LLC bought a new stake in Nutanix during the first quarter worth about $30,000. SouthState Corp bought a new stake in Nutanix during the first quarter worth about $32,000. Fifth Third Bancorp raised its holdings in Nutanix by 98.4% during the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock worth $35,000 after acquiring an additional 250 shares in the last quarter. Finally, Farther Finance Advisors LLC raised 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 acquiring an additional 150 shares in the last quarter. Institutional investors own 85.25% of the company's stock.

Nutanix Company Profile

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.