Nutanix (NASDAQ:NTNX) Receives Consensus Rating of "Moderate Buy" from Analysts

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.

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

A number of analysts have issued reports on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $90.00 target price (up from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Susquehanna lifted their price target on shares of Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research report on Thursday, May 29th. Needham & Company LLC dropped their price target on shares of Nutanix from $92.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. Piper Sandler reissued an "overweight" rating and issued a $88.00 price target (up previously from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. Finally, Wells Fargo & Company dropped their price target on shares of Nutanix from $85.00 to $71.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 28th.

Nutanix Stock Down 2.3%

NASDAQ NTNX opened at $79.23 on Monday. The stock has a market capitalization of $21.24 billion, a PE ratio of 123.80, a price-to-earnings-growth ratio of 7.62 and a beta of 0.59. The company has a 50 day moving average price of $72.34 and a two-hundred day moving average price of $72.05. 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 earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. The firm had revenue of $653.27 million during the quarter, compared to analysts' expectations of $642.48 million. Nutanix had a net margin of 7.42% and a negative return on equity of 27.63%. The company's revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 earnings per share. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities analysts anticipate that Nutanix will post 0.31 EPS for the current year.

Insider Activity at Nutanix

In other news, CEO Rajiv Ramaswami sold 1,925 shares of Nutanix stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total value of $144,375.00. Following the transaction, the chief executive officer owned 518,561 shares of the company's stock, valued at $38,892,075. This trade represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Nutanix

Institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in Nutanix during the second quarter worth $263,938,000. AQR Capital Management LLC increased its position in Nutanix by 65.5% during the first 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 period. Marshall Wace LLP increased its position in Nutanix by 75.9% during the second quarter. Marshall Wace LLP now owns 3,279,107 shares of the technology company's stock worth $250,655,000 after acquiring an additional 1,415,117 shares during the period. Jericho Capital Asset Management L.P. increased its position in Nutanix by 46.8% during the first quarter. Jericho Capital Asset Management L.P. now owns 4,102,993 shares of the technology company's stock worth $286,430,000 after acquiring an additional 1,308,357 shares during the period. Finally, Nuveen LLC bought a new position in Nutanix during the first quarter worth $86,949,000. 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.

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