Nutanix (NASDAQ:NTNX) Stock Price Up 7.6% Following Analyst Upgrade

Key Points

• Nutanix shares jumped 7.6% after JPMorgan raised its price target on the stock from $44 to $50, even while keeping a neutral rating.
• The company’s latest quarterly results beat expectations, with EPS of $0.47 and revenue of $703.1 million, both ahead of analyst estimates and up 10% year over year.
• Management also raised FY2026 sales guidance, while analysts broadly remain constructive, with a consensus rating of Moderate Buy and an average price target of $60.

Nutanix (NASDAQ:NTNX - Get Free Report)'s share price was up 7.6% during trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from $44.00 to $50.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Nutanix traded as high as $52.17 and last traded at $52.4990. Approximately 1,647,107 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 4,392,643 shares. The stock had previously closed at $48.81.

A number of other research firms have also recently commented on NTNX. Piper Sandler reaffirmed an "overweight" rating and set a $60.00 target price (down from $63.00) on shares of Nutanix in a research note on Thursday. Rosenblatt Securities reissued a "buy" rating and issued a $60.00 price objective on shares of Nutanix in a research note on Friday, May 22nd. William Blair reiterated a "market perform" rating on shares of Nutanix in a report on Monday, March 23rd. Royal Bank Of Canada lifted their price target on Nutanix from $55.00 to $58.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Nutanix in a report on Friday, March 27th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.

Key Nutanix News

Here are the key news stories impacting Nutanix this week:

• Positive Sentiment: Nutanix reported Q3 EPS of $0.47, ahead of estimates, on revenue of $703.1 million versus expectations of $686.3 million, with revenue up 10% year over year. Nutanix Reports Third Quarter Fiscal 2026 Financial Results
• Positive Sentiment: Annual recurring revenue increased 15%, and the company said contracts are getting longer, suggesting stronger customer retention and more predictable future revenue. Nutanix Q3 Earnings Top Estimates on Strong Demand and Execution
• Positive Sentiment: Nutanix raised FY2026 sales guidance, reinforcing confidence that the momentum from the quarter can continue. Nutanix Q3 Earnings Top Estimates on Strong Demand and Execution
• Positive Sentiment: Multiple analysts lifted price targets after the results, including Needham to $60 and Rosenblatt to $60, signaling improved sentiment on the stock. Analyst price target updates
• Neutral Sentiment: Nutanix also announced it will present at an upcoming investor conference, which may help keep attention on the name but is not a major fundamental catalyst by itself. Nutanix to Present at Upcoming Investor Conference
• Neutral Sentiment: Some firms remained cautious, with JPMorgan and William Blair holding more neutral views despite the upbeat quarter. Analyst rating updates

Institutional Investors Weigh In On Nutanix

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Nutanix by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 27,514,943 shares of the technology company's stock valued at $1,422,247,000 after purchasing an additional 832,468 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Nutanix by 72.8% in the fourth quarter. AQR Capital Management LLC now owns 11,452,714 shares of the technology company's stock valued at $591,991,000 after purchasing an additional 4,826,443 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Nutanix by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,283,964 shares of the technology company's stock valued at $272,452,000 after purchasing an additional 135,533 shares in the last quarter. FIL Ltd grew its position in shares of Nutanix by 180.1% in the fourth quarter. FIL Ltd now owns 4,333,937 shares of the technology company's stock valued at $224,021,000 after purchasing an additional 2,786,929 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Nutanix by 14.0% in the fourth quarter. First Trust Advisors LP now owns 3,647,276 shares of the technology company's stock valued at $188,528,000 after purchasing an additional 447,806 shares in the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Stock Up 7.9%

The business has a 50-day moving average price of $41.79 and a 200-day moving average price of $45.45. The firm has a market capitalization of $13.97 billion, a PE ratio of 55.35, a price-to-earnings-growth ratio of 5.20 and a beta of 0.54.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.12. The business had revenue of $703.07 million during the quarter, compared to analyst estimates of $686.34 million. Nutanix had a negative return on equity of 38.88% and a net margin of 10.03%.The business's revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 earnings per share. On average, equities research analysts anticipate that Nutanix will post 0.56 earnings per share for the current year.

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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