Nutanix (NASDAQ:NTNX) Price Target Raised to $50.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan raised Nutanix’s price target to $50 from $44 and kept a neutral rating, implying only modest upside from the prior close.
• The stock was up 6.5% to $49.60 on the day, while other firms also adjusted views, including Barclays lifting its target to $53 and KeyCorp reaffirming an overweight rating.
• Nutanix’s latest earnings beat expectations, with $0.47 EPS versus $0.35 expected and $703.1 million in revenue versus $686.3 million expected; the company also raised guidance and saw annual recurring revenue rise 15% year over year.

Nutanix (NASDAQ:NTNX - Get Free Report) had its price objective upped by analysts at JPMorgan Chase & Co. from $44.00 to $50.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the technology company's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 0.80% from the stock's previous close.

NTNX has been the topic of a number of other research reports. Barclays upped their target price on shares of Nutanix from $47.00 to $53.00 and gave the company an "equal weight" rating in a research note on Thursday. Northland Securities set a $47.00 price objective on shares of Nutanix in a research note on Thursday. KeyCorp reaffirmed an "overweight" rating on shares of Nutanix in a research note on Thursday. Wall Street Zen cut shares of Nutanix from a "buy" rating to a "hold" rating in a research note on Tuesday, March 10th. Finally, William Blair reaffirmed a "market perform" rating on shares of Nutanix in a research note on Monday, March 23rd. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Nutanix currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.33.

Nutanix Trading Up 6.5%

NASDAQ NTNX traded up $3.03 on Thursday, reaching $49.60. The company's stock had a trading volume of 5,745,295 shares, compared to its average volume of 4,387,866. The firm has a market cap of $13.16 billion, a PE ratio of 54.05, a price-to-earnings-growth ratio of 5.20 and a beta of 0.54. The business has a 50-day moving average price of $41.65 and a 200 day moving average price of $45.59. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.12. The business had revenue of $703.07 million for the quarter, compared to analysts' expectations of $686.34 million. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The firm's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Analysts anticipate that Nutanix will post 0.56 earnings per share for the current fiscal year.

Institutional Trading of Nutanix

Several hedge funds have recently modified their holdings of the stock. Essential Partners LLC grew its stake in shares of Nutanix by 27.9% during the first quarter. Essential Partners LLC now owns 5,755 shares of the technology company's stock valued at $219,000 after purchasing an additional 1,255 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of Nutanix during the first quarter valued at approximately $27,000. Janus Henderson Group PLC grew its stake in shares of Nutanix by 491.5% during the first quarter. Janus Henderson Group PLC now owns 117,800 shares of the technology company's stock valued at $4,477,000 after purchasing an additional 97,884 shares during the last quarter. Bull Harbor Capital LLC bought a new stake in shares of Nutanix during the first quarter valued at approximately $842,000. Finally, South Dakota Investment Council grew its stake in shares of Nutanix by 27.0% during the first quarter. South Dakota Investment Council now owns 57,377 shares of the technology company's stock valued at $2,181,000 after purchasing an additional 12,200 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Key Stories Impacting Nutanix

Here are the key news stories impacting Nutanix this week:

• Positive Sentiment: Nutanix beat expectations on both earnings and revenue, reporting $0.47 EPS versus $0.35 expected and $703.1 million in revenue versus $686.3 million expected, with revenue up 10% year over year. Article: Nutanix Reports Third Quarter Fiscal 2026 Financial Results
• Positive Sentiment: The company said annual recurring revenue rose 15% year over year and free cash flow performance remained solid, reinforcing the view that operating momentum is improving. Article: Nutanix Reports Third Quarter Fiscal 2026 Financial Results
• Positive Sentiment: Management also raised fiscal 2026 guidance, which helped support the stock’s move as investors looked for better-than-expected growth and earnings visibility. Article: Nutanix Analysts Boost Their Forecasts Following Upbeat Q3 Results
• Positive Sentiment: Several analysts raised price targets after the earnings report, including Needham to $60, Morgan Stanley to $55, and Barclays to $53, signaling improved confidence in Nutanix’s outlook. Article: Needham price target raise
• Neutral Sentiment: Despite the stronger results, some analysts remained cautious, with William Blair keeping a Hold rating, suggesting the market still sees balanced risk and reward. Article: Balanced Risk-Reward Keeps Nutanix at Hold

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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