Nutanix (NASDAQ:NTNX) Earns Overweight Rating from Analysts at KeyCorp

KeyCorp assumed coverage on shares of Nutanix (NASDAQ:NTNX - Get Free Report) in a report released on Thursday, MarketBeat reports. The brokerage set an "overweight" rating and a $95.00 price target on the technology company's stock. KeyCorp's price objective indicates a potential upside of 26.18% from the stock's previous close. KeyCorp also issued estimates for Nutanix's Q1 2026 earnings at $0.16 EPS, Q2 2026 earnings at $0.28 EPS and Q3 2026 earnings at $0.25 EPS.

Several other analysts also recently commented on NTNX. Raymond James Financial downgraded shares of Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. UBS Group lifted their price objective on shares of Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Morgan Stanley reiterated an "overweight" rating and issued a $90.00 price objective (up previously from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Northland Securities upgraded shares of Nutanix from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $88.00 price objective (up previously from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Nutanix has an average rating of "Buy" and an average target price of $90.71.

Nutanix Stock Performance

Shares of NTNX stock traded up $0.01 during midday trading on Thursday, hitting $75.29. 2,936,168 shares of the company were exchanged, compared to its average volume of 2,533,176. The firm has a market capitalization of $20.18 billion, a P/E ratio of 153.65, a PEG ratio of 6.79 and a beta of 0.68. The firm's 50 day moving average price is $74.47 and its two-hundred day moving average price is $69.70. Nutanix has a 52 week low of $43.35 and a 52 week high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its earnings results on Wednesday, June 4th. The technology company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $638.98 million during the quarter, compared to the consensus estimate of $626.12 million. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. Nutanix's revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 EPS. Analysts expect that Nutanix will post 0.31 EPS for the current year.

Insider Buying and Selling

In related news, Director Groen Max Pieter De sold 5,480,467 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the completion of the transaction, the director now directly owns 5,480,468 shares in the company, valued at $420,954,747.08. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 1,925 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $75.00, for a total transaction of $144,375.00. Following the transaction, the chief executive officer now owns 518,561 shares of the company's stock, valued at approximately $38,892,075. This represents a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,552,549 shares of company stock worth $426,621,281 in the last three months. 6.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Nutanix

A number of institutional investors have recently added to or reduced their stakes in NTNX. Norges Bank acquired a new position in Nutanix during the 4th quarter worth approximately $195,758,000. Pictet Asset Management Holding SA increased its position in Nutanix by 6,785.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company's stock worth $130,885,000 after purchasing an additional 2,108,269 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in Nutanix during the 4th quarter worth approximately $91,639,000. Contour Asset Management LLC bought a new stake in Nutanix during the 4th quarter worth approximately $87,318,000. Finally, AQR Capital Management LLC grew its holdings in Nutanix by 65.5% during the 1st quarter. AQR Capital Management LLC now owns 3,604,005 shares of the technology company's stock worth $246,874,000 after acquiring an additional 1,426,049 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

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.