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

Key Points

• Nutanix (NASDAQ:NTNX) has received a consensus rating of “Moderate Buy”, with fourteen buy ratings, two hold ratings, and one strong buy from analysts covering the stock.
• The company reported $0.37 earnings per share (EPS) for the last quarter, exceeding analysts' expectations by $0.06, with a revenue of $653.27 million.
• Institutional investors currently own 85.25% of Nutanix's stock, with significant recent purchases including a new position by Norges Bank worth $263,938,000.

Shares of Nutanix (NASDAQ:NTNX - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seventeen research firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $89.0667.

NTNX has been the subject of a number of recent research reports. Wells Fargo & Company cut their price objective on shares of Nutanix from $85.00 to $71.00 and set an "equal weight" rating for the company in a report on Thursday, August 28th. JPMorgan Chase & Co. cut their price objective on shares of Nutanix from $90.00 to $81.00 and set an "overweight" rating for the company in a report on Thursday, August 28th. Bank of America cut their price objective on shares of Nutanix from $95.00 to $93.00 and set a "buy" rating for the company in a report on Thursday, August 28th. Piper Sandler reissued an "overweight" rating and issued a $88.00 price objective (up previously from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Finally, KeyCorp assumed coverage on shares of Nutanix in a report on Thursday, June 26th. They issued an "overweight" rating and a $95.00 price objective for the company.

Nutanix Trading Down 1.4%

Shares of Nutanix stock traded down $1.07 during trading on Monday, hitting $77.09. 36,193,596 shares of the stock were exchanged, compared to its average volume of 4,455,501. The stock has a market capitalization of $20.67 billion, a price-to-earnings ratio of 120.46, a price-to-earnings-growth ratio of 7.52 and a beta of 0.59. The company has a fifty day moving average price of $72.60 and a 200-day moving average price of $72.14. Nutanix has a 1-year low of $54.66 and a 1-year high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its earnings results on Wednesday, August 27th. The technology company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. The business had revenue of $653.27 million during the quarter, compared to the consensus estimate of $642.48 million. Nutanix had a net margin of 7.42% and a negative return on equity of 27.63%. Nutanix's revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 EPS. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts forecast that Nutanix will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Rajiv Ramaswami sold 1,925 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total transaction of $144,375.00. Following the completion of the sale, the chief executive officer owned 518,561 shares of the company's stock, valued at approximately $38,892,075. This represents a 0.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Rukmini Sivaraman sold 11,391 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $78.34, for a total transaction of $892,370.94. Following the sale, the chief financial officer directly owned 254,637 shares of the company's stock, valued at approximately $19,948,262.58. This trade represents a 4.28% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

Institutional Trading of Nutanix

A number of institutional investors and hedge funds have recently made changes to their positions in NTNX. Twin Tree Management LP bought a new stake in shares of Nutanix during the 1st quarter worth approximately $29,000. MassMutual Private Wealth & Trust FSB increased its position in Nutanix by 78.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock worth $30,000 after purchasing an additional 191 shares in the last quarter. GW&K Investment Management LLC acquired a new position in Nutanix during the 1st quarter worth approximately $30,000. SouthState Corp acquired a new position in Nutanix during the 1st quarter worth approximately $32,000. Finally, Fifth Third Bancorp increased its position in Nutanix by 98.4% during the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock worth $35,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 85.25% of the company's stock.

About Nutanix

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.