Nutanix (NTNX) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nutanix in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NTNX shares.
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9 Wall Street analysts have issued twelve-month price objectives for Nutanix's shares. Their NTNX share price forecasts range from $21.00 to $39.00. On average, they expect the company's stock price to reach $33.75 in the next year. This suggests a possible upside of 14.5% from the stock's current price.
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Nutanix's stock was trading at $26.05 at the beginning of 2023. Since then, NTNX stock has increased by 13.1% and is now trading at $29.47.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 30th 2023.
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Nutanix, Inc. (NASDAQ:NTNX) issued its quarterly earnings data on Tuesday, November, 23rd. The technology company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.12. The technology company had revenue of $378.50 million for the quarter, compared to analyst estimates of $367.83 million. The firm's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.88) earnings per share.

ETFs with the largest weight of Nutanix (NASDAQ:NTNX) stock in their portfolio include Adaptiv Select ETF (ADPV), ProShares Big Data Refiners ETF (DAT), First Trust Cloud Computing ETF (SKYY), Pinnacle Focused Opportunities ETF (FCUS), ProShares Ultra Nasdaq Cloud Computing ETF (SKYU), Invesco Dynamic Software ETF (PSJ), iShares Future Cloud 5G and Tech ETF (IDAT) and Fidelity Cloud Computing ETF (FCLD).

Nutanix updated its fourth quarter 2023 earnings guidance on Saturday, May, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $470.00 million-$480.00 million, compared to the consensus revenue estimate of $432.91 million.

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 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.

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 shareholders include Generation Investment Management LLP (8.78%), Champlain Investment Partners LLC (3.29%), First Trust Advisors LP (2.72%), FIL Ltd (2.25%), Geode Capital Management LLC (1.46%) and Susquehanna International Group LLP (0.00%). 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, Susan L Bostrom, Tarkan Maner and Tyler Wall.
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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.
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One share of NTNX stock can currently be purchased for approximately $29.47.

Nutanix (NASDAQ:NTNX) has a market capitalization of $6.78 billion and generates $1.58 billion in revenue each year.

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.