Should I buy or sell Nutanix stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nutanix in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NTNX shares. View NTNX analyst ratings or view top-rated stocks .

What is Nutanix's stock price target for 2024?

12 analysts have issued 1 year target prices for Nutanix's shares. Their NTNX share price targets range from $42.00 to $60.00. On average, they predict the company's stock price to reach $49.45 in the next year. This suggests a possible upside of 10.5% from the stock's current price. View analysts price targets for NTNX or view top-rated stocks among Wall Street analysts .

How have NTNX shares performed in 2023?

Nutanix's stock was trading at $26.05 at the beginning of the year. Since then, NTNX stock has increased by 71.8% and is now trading at $44.75. View the best growth stocks for 2023 here .

When is Nutanix's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024. View our NTNX earnings forecast .

How were Nutanix's earnings last quarter?

Nutanix, Inc. (NASDAQ:NTNX) released its quarterly earnings data on Wednesday, November, 29th. The technology company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.18 by $0.11. The technology company earned $511.10 million during the quarter, compared to analysts' expectations of $501.26 million. The company's quarterly revenue was up 17.9% on a year-over-year basis. During the same period last year, the company posted ($0.32) EPS.

What ETFs hold Nutanix's stock?

ETFs with the largest weight of Nutanix (NASDAQ:NTNX) stock in their portfolio include ProShares Big Data Refiners ETF (DAT) , First Trust Cloud Computing ETF (SKYY) , Invesco Dynamic Software ETF (PSJ) , ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) , iShares Future Cloud 5G and Tech ETF (IDAT) , Innovator IBD Breakout Opportunities ETF (BOUT) , Fidelity Cloud Computing ETF (FCLD) and Wedbush ETFMG Global Cloud Technology ETF (IVES) .

What is Rajiv Ramaswami's approval rating as Nutanix's CEO?

3 employees have rated Nutanix Chief Executive Officer Rajiv Ramaswami on Glassdoor.com . Rajiv Ramaswami has an approval rating of 100% among the company's employees. This puts Rajiv Ramaswami in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Nutanix own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Nutanix investors own include NVIDIA (NVDA) , Micron Technology (MU) , Alibaba Group (BABA) , Block (SQ) , Twilio (TWLO) , Advanced Micro Devices (AMD) , Tesla (TSLA) , Netflix (NFLX) , Salesforce (CRM) and PayPal (PYPL) .

When did Nutanix IPO?

(NTNX) raised $168 million in an initial public offering on Friday, September 30th 2016. The company issued 14,000,000 shares at $11.00-$13.00 per share. Goldman Sachs, Morgan Stanley, J.P. Morgan and RBC Capital Markets acted as the underwriters for the IPO and Baird, Needham & Company, Oppenheimer, Pacific Crest Securities (a division of KeyBanc Capital Markets), Piper Jaffray, Raymond James, Stifel and William Blair were co-managers.

Who are Nutanix's major shareholders?

Nutanix's stock is owned by many different retail and institutional investors. Top institutional shareholders include FMR LLC (15.00%), Primecap Management Co. CA (2.27%), Jericho Capital Asset Management L.P. (0.99%), Jacobs Levy Equity Management Inc. (0.94%), Charles Schwab Investment Management Inc. (0.85%) and Northern Trust Corp (0.59%). Insiders that own company stock include Aaron Boynton , Christopher Nicholas Kaddaras , Craig Conway , David Sangster , Dheeraj Pandey , Duston Williams , Martin F Jackson, Rajiv Ramaswami , Rukmini Sivaraman , Tarkan Maner and Tyler Wall . View institutional ownership trends .

How do I buy shares of Nutanix?

Shares of NTNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

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Nutanix Stock Price, News & Analysis (NASDAQ:NTNX)

$44.75

0.00 (0.00%)

(As of 12/6/2023 ET)

Compare

Today's Range: $44.52
▼
$45.34
50-Day Range: $34.03
▼
$44.78
52-Week Range: $23.34
▼
$45.40

Volume: 1.46 million shs
Average Volume: 1.69 million shs
Market Capitalization: $10.72 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $49.45

Nutanix MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 10.5% Upside
$49.45 Price Target
Short Interest: Healthy
3.24% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.84
Upright™ Environmental Score
News Sentiment: 0.67
Based on 38 Articles This Week
Insider Trading: Selling Shares
$20.11 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.30) to $0.02 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.30 out of 5 stars

Computer And Technology Sector

210th out of 594 stocks

Prepackaged Software Industry

47th out of 175 stocks

3.4

Analyst's Opinion

Consensus Rating
Nutanix has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 10 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $49.45, Nutanix has a forecasted upside of 10.5% from its current price of $44.75.
Amount of Analyst Coverage
Nutanix has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
3.24% of the outstanding shares of Nutanix have been sold short.
Short Interest Ratio / Days to Cover
Nutanix has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Nutanix has recently increased by 7.77%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Nutanix does not currently pay a dividend.
Dividend Growth
Nutanix does not have a long track record of dividend growth.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Nutanix has received a 39.55% net impact score from Upright. Nutanix seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Hosted data storage services", "Cloud management tools", and "Hosted computer services" products. See details.
Environmental Sustainability
The Environmental Impact score for Nutanix is -0.84.

2.6

News and Social Media Coverage

News Sentiment
Nutanix has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 38 news articles for Nutanix this week, compared to 5 articles on an average week.
Search Interest
Only 13 people have searched for NTNX on MarketBeat in the last 30 days. This is a decrease of -7% compared to the previous 30 days.
MarketBeat Follows
Only 12 people have added Nutanix to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nutanix insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $20,114,508.00 in company stock.
Percentage Held by Insiders
Only 0.46% of the stock of Nutanix is held by insiders.
Percentage Held by Institutions
78.74% of the stock of Nutanix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Nutanix are expected to grow in the coming year, from ($0.30) to $0.02 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nutanix is -56.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nutanix is -56.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

About Nutanix Stock (NASDAQ:NTNX)

Nutanix, Inc. provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters. It also provides Nutanix Cloud Management that provides management, capacity planning, operational analytics, automated remediation, self-service, and one-click administration; cloud governance; and automation services that streamline application lifecycle management, provide self-service for infrastructure and applications, and deliver multicloud orchestration. In addition, the company offers Nutanix Files, an enterprise-grade network file system and server message block files services; Nutanix Objects, a S3-compatible object services; Nutanix Data Lens, a data security governance solution; and Nutanix database service that provides automated database management to simplify database administration and to manage database copies. Further, it provides product support, and consulting and implementation services. The company serves customers in a range of industries, including automotive, consumer goods, education, energy, financial services, healthcare, manufacturing, media, public sector, retail, technology, and telecommunications, as well as service providers. Nutanix, Inc. was incorporated in 2009 and is headquartered in San Jose, California.

NTNX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NTNX Stock News Headlines

December 6, 2023 | marketbeat.com

Nutanix nails 52-week highs on AI-driven growth

Nutanix Inc. (NASDAQ: NTNX) shares soared to a new 52-week high driven by a strong fiscal Q1 2024 earnings beat and raised guidance. The

December 5, 2023 | americanbankingnews.com

Nutanix, Inc. (NASDAQ:NTNX) Given Average Rating of "Moderate Buy" by Brokerages

December 7, 2023 | Edge On The Street (Ad)

Henry Ford Would NEVER Have Seen This Coming

In 1908, Henry Ford used a metal called vanadium in his Model T cars. Over a century later, automakers still turn to vanadium to make car bodies lighter and stronger. Today, this under-appreciated metal plays the starring role in cutting-edge battery tech set to revolutionize the energy storage market.

December 3, 2023 | americanbankingnews.com

Nutanix (NASDAQ:NTNX) PT Raised to $60.00 at Susquehanna