Nutanix (NASDAQ:NTNX) Upgraded to Strong-Buy at KeyCorp

Nutanix (NASDAQ:NTNX - Get Free Report) was upgraded by KeyCorp from a "sector weight" rating to a "strong-buy" rating in a note issued to investors on Wednesday, MarketBeat.com reports. KeyCorp also issued estimates for Nutanix's Q1 2026 earnings at $0.16 EPS, Q2 2026 earnings at $0.28 EPS and Q3 2026 earnings at $0.25 EPS.

A number of other brokerages have also recently issued reports on NTNX. Oppenheimer lifted their target price on Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Morgan Stanley restated an "overweight" rating and issued a $90.00 target price (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Wall Street Zen upgraded Nutanix from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 22nd. JPMorgan Chase & Co. lifted their target price on Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, Barclays set a $94.00 target price on Nutanix and gave the stock an "overweight" rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $90.71.

Nutanix Stock Performance

Shares of NTNX stock traded up $0.01 during mid-day trading on Wednesday, hitting $75.29. 2,936,168 shares of the stock traded hands, compared to its average volume of 2,538,324. Nutanix has a twelve month low of $43.35 and a twelve month high of $83.36. The firm has a market cap of $20.18 billion, a price-to-earnings ratio of -268.89, a price-to-earnings-growth ratio of 6.84 and a beta of 0.69. The company's 50-day simple moving average is $74.19 and its 200-day simple moving average is $69.59.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. The company had revenue of $638.98 million for the quarter, compared to analysts' expectations of $626.12 million. During the same period last year, the firm earned $0.28 EPS. The firm's revenue for the quarter was up 21.8% on a year-over-year basis. Analysts forecast that Nutanix will post 0.31 earnings per share for the current year.

Insider Transactions at Nutanix

In other news, CEO Rajiv Ramaswami sold 61,057 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total value of $4,823,503.00. Following the completion of the sale, the chief executive officer now owns 497,309 shares of the company's stock, valued at $39,287,411. This trade represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Groen Max Pieter De sold 5,480,467 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $76.81, for a total value of $420,954,670.27. Following the completion of the sale, the director now directly owns 5,480,468 shares of the company's stock, valued at approximately $420,954,747.08. This trade represents a 50.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,552,549 shares of company stock valued at $426,621,281 over the last quarter. Company insiders own 6.80% of the company's stock.

Institutional Trading of Nutanix

A number of institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock valued at $40,000 after purchasing an additional 146 shares during the last quarter. True Wealth Design LLC boosted its position in Nutanix by 13.2% during the fourth quarter. True Wealth Design LLC now owns 1,249 shares of the technology company's stock valued at $76,000 after purchasing an additional 146 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its position in Nutanix by 0.5% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 34,887 shares of the technology company's stock valued at $2,134,000 after purchasing an additional 159 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in Nutanix by 4.4% during the first quarter. Concurrent Investment Advisors LLC now owns 4,163 shares of the technology company's stock valued at $291,000 after purchasing an additional 177 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in Nutanix by 3.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock valued at $349,000 after purchasing an additional 188 shares during the last quarter. Institutional investors and hedge funds 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.