KeyCorp Comments on Nutanix's Q1 Earnings (NASDAQ:NTNX)

Nutanix (NASDAQ:NTNX - Free Report) - KeyCorp issued their Q1 2026 earnings per share estimates for Nutanix in a research note issued on Wednesday, June 25th. KeyCorp analyst B. Nispel expects that the technology company will earn $0.16 per share for the quarter. KeyCorp has a "Overweight" rating and a $95.00 price target on the stock. The consensus estimate for Nutanix's current full-year earnings is $0.31 per share. KeyCorp also issued estimates for Nutanix's Q2 2026 earnings at $0.28 EPS and Q3 2026 earnings at $0.25 EPS.

Several other research analysts have also commented on the company. Raymond James Financial lowered Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $92.00 price target on shares of Nutanix in a research report on Thursday, May 29th. Morgan Stanley reaffirmed an "overweight" rating and set a $90.00 price objective (up from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. Wall Street Zen cut Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Monday. Finally, Piper Sandler restated an "overweight" rating and issued a $88.00 price objective (up previously from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $90.71.

Nutanix Stock Up 1.4%

NTNX stock traded up $1.03 during mid-day trading on Friday, hitting $76.32. 2,093,164 shares of the company were exchanged, compared to its average volume of 2,531,691. Nutanix has a 12-month low of $43.35 and a 12-month high of $100.00. The firm has a market capitalization of $20.46 billion, a P/E ratio of 153.65, a PEG ratio of 6.79 and a beta of 0.68. The business has a fifty day simple moving average of $74.47 and a 200-day simple moving average of $69.70.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The business had revenue of $638.98 million for the quarter, compared to analyst estimates of $626.12 million. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. The company's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 EPS.

Institutional Investors Weigh In On Nutanix

Several institutional investors have recently made changes to their positions in NTNX. Twin Tree Management LP purchased a new position in Nutanix in the 1st quarter valued at approximately $29,000. GW&K Investment Management LLC purchased a new position in Nutanix during the first quarter worth $30,000. Harbour Investments Inc. raised its holdings in shares of Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after acquiring an additional 418 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Nutanix by 78.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock worth $30,000 after acquiring an additional 191 shares during the last quarter. Finally, Colonial Trust Co SC purchased a new stake in shares of Nutanix in the fourth quarter valued at $28,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Nutanix

In related news, CFO Rukmini Sivaraman sold 2,100 shares of the firm's stock in a transaction dated 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 now owns 209,070 shares in the company, valued at $15,205,661.10. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rajiv Ramaswami sold 61,057 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were 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 directly owns 497,309 shares of the company's stock, valued at $39,287,411. This represents a 10.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,552,549 shares of company stock worth $426,621,281. Company insiders own 6.80% 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.