Nutanix (NTNX) Stock Forecast, Price & News

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

12 Wall Street research analysts have issued 1-year target prices for Nutanix's stock. Their NTNX share price forecasts range from $34.00 to $50.00. On average, they expect the company's share price to reach $42.64 in the next twelve months. This suggests a possible upside of 19.4% from the stock's current price.
View analysts price targets for NTNX or view top-rated stocks among Wall Street analysts.

Nutanix's stock was trading at $26.05 at the start of the year. Since then, NTNX stock has increased by 37.1% and is now trading at $35.72.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our NTNX earnings forecast.

Nutanix, Inc. (NASDAQ:NTNX) released its earnings results on Thursday, August, 31st. The technology company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.13. The technology company earned $494.21 million during the quarter, compared to the consensus estimate of $475.64 million.

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 Cloud Computing (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).

Nutanix issued an update on its FY 2024 earnings guidance on Friday, September, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.08 billion-$2.12 billion, compared to the consensus revenue estimate of $2.08 billion.

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.

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).

(NTNX) raised $168 million in an initial public offering (IPO) 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 served 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.

Nutanix trades on the NASDAQ under the ticker symbol "NTNX."

Nutanix's stock is owned by a number of retail and institutional investors. Top institutional investors include Champlain Investment Partners LLC (3.67%), Parsifal Capital Management LP (1.61%), Geode Capital Management LLC (1.47%), Spyglass Capital Management LLC (1.09%), Charles Schwab Investment Management Inc. (0.82%) and Renaissance Technologies LLC (0.73%). 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.

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.

One share of NTNX stock can currently be purchased for approximately $35.72.

Nutanix (NASDAQ:NTNX) has a market capitalization of $8.42 billion and generates $1.86 billion in revenue each year. The technology company earns $-254,560,000.00 in net income (profit) each year or ($1.15) on an earnings per share basis.

The company employs 6,450 workers across the globe.

Nutanix's mailing address is 1740 TECHNOLOGY DRIVE SUITE 150, SAN JOSE CA, 95110. The official website for the company is www.nutanix.com. The technology company can be reached via phone at (408) 216-8360, via email at ir@nutanix.com, or via fax at 408-916-4039.