Nutanix (NASDAQ:NTNX) Trading Up 8% - What's Next?

Key Points

• Nutanix shares surged 8% during mid-day trading, reaching a high of $75.36 on increased trading volume of 3.76 million shares.
• The company's latest earnings report exceeded expectations, with $0.37 earnings per share against a consensus estimate of $0.31 and year-over-year revenue growth of 19.2%.
• Analyst ratings for Nutanix show a consensus rating of "Moderate Buy" with a price target averaging $89.07, reflecting mixed sentiments from various research firms.

Nutanix (NASDAQ:NTNX - Get Free Report)'s stock price traded up 8% during mid-day trading on Monday . The company traded as high as $75.36 and last traded at $75.51. 3,761,305 shares were traded during trading, an increase of 44% from the average session volume of 2,619,851 shares. The stock had previously closed at $69.92.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Bank of America cut their price target on shares of Nutanix from $95.00 to $93.00 and set a "buy" rating on the stock in a research note on Thursday, August 28th. The Goldman Sachs Group assumed coverage on shares of Nutanix in a research note on Tuesday, July 15th. They set a "buy" rating and a $95.00 price target on the stock. Piper Sandler reiterated an "overweight" rating and set a $88.00 price target (up from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Citigroup upgraded shares of Nutanix to a "positive" rating in a research note on Tuesday, August 5th. Finally, Susquehanna boosted their price target on shares of Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a research note on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Nutanix presently has a consensus rating of "Moderate Buy" and an average price target of $89.07.

Nutanix Stock Down 2.3%

The stock has a fifty day moving average of $72.34 and a 200-day moving average of $72.08. The stock has a market capitalization of $21.24 billion, a price-to-earnings ratio of 123.80, a P/E/G ratio of 7.80 and a beta of 0.59.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The technology company reported $0.37 earnings per share for the quarter, beating 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 negative return on equity of 27.63% and a net margin of 7.42%.The company's revenue was up 19.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 earnings per share. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities analysts forecast that Nutanix will post 0.31 EPS for the current fiscal year.

Insider Activity at Nutanix

In other news, CEO Rajiv Ramaswami sold 1,925 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $75.00, for a total value of $144,375.00. Following the completion of the sale, the chief executive officer directly owned 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Rukmini Sivaraman sold 2,100 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $72.73, for a total value of $152,733.00. Following the completion of the sale, the chief financial officer directly owned 209,070 shares of the company's stock, valued at $15,205,661.10. The trade was a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Nutanix

Several large investors have recently modified their holdings of the stock. Earned Wealth Advisors LLC raised its stake in shares of Nutanix by 3.8% during the second quarter. Earned Wealth Advisors LLC now owns 3,915 shares of the technology company's stock worth $299,000 after purchasing an additional 142 shares during the last quarter. True Wealth Design LLC raised its stake in shares of Nutanix by 13.2% during the fourth quarter. True Wealth Design LLC now owns 1,249 shares of the technology company's stock worth $76,000 after purchasing an additional 146 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Nutanix by 6.4% during the second quarter. SBI Securities Co. Ltd. now owns 2,453 shares of the technology company's stock worth $188,000 after purchasing an additional 148 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Nutanix by 42.6% during the second quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company's stock worth $38,000 after purchasing an additional 150 shares during the last quarter. Finally, Simmons Bank raised its stake in shares of Nutanix by 2.1% during the second quarter. Simmons Bank now owns 7,295 shares of the technology company's stock worth $558,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other 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.