Nutanix (NASDAQ:NTNX) Cut to Hold at Zacks Research

Nutanix (NASDAQ:NTNX) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

NTNX has been the topic of several other reports. Bank of America reduced their target price on Nutanix from $93.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday. Northland Capmk downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Piper Sandler reaffirmed an “overweight” rating and set a $72.00 price objective (down from $88.00) on shares of Nutanix in a report on Wednesday. Northland Securities lowered their target price on Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a research report on Wednesday. Finally, Barclays reissued an “overweight” rating and issued a $64.00 target price on shares of Nutanix in a report on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.47.

Nutanix Stock Performance

NTNX stock opened at $48.34 on Tuesday. The company’s fifty day moving average price is $69.22 and its 200-day moving average price is $72.62. Nutanix has a one year low of $47.39 and a one year high of $83.36. The company has a market capitalization of $12.99 billion, a PE ratio of 75.53, a price-to-earnings-growth ratio of 6.55 and a beta of 0.54.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Tuesday, November 25th. The technology company reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $670.58 million during the quarter, compared to analysts’ expectations of $677.23 million. Nutanix had a net margin of 7.42% and a negative return on equity of 28.01%. Nutanix’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period last year, the company posted $0.42 earnings per share. Nutanix has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, research analysts predict that Nutanix will post 0.31 EPS for the current fiscal year.

Insider Transactions at Nutanix

In other news, CFO Rukmini Sivaraman sold 11,391 shares of Nutanix stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $78.34, for a total transaction of $892,370.94. Following the completion of the sale, the chief financial officer owned 254,637 shares of the company’s stock, valued at approximately $19,948,262.58. The trade was a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Teresa Gayle Sheppard sold 3,500 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $76.48, for a total value of $267,680.00. Following the completion of the sale, the director owned 22,400 shares of the company’s stock, valued at $1,713,152. This represents a 13.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 159,598 shares of company stock worth $12,218,560. 2.40% of the stock is currently owned by company insiders.

Institutional Trading of Nutanix

Several hedge funds and other institutional investors have recently bought and sold shares of NTNX. Earned Wealth Advisors LLC grew its stake in Nutanix by 3.8% in the second quarter. Earned Wealth Advisors LLC now owns 3,915 shares of the technology company’s stock valued at $299,000 after purchasing an additional 142 shares during the last quarter. SBI Securities Co. Ltd. grew its position in shares of Nutanix by 6.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,453 shares of the technology company’s stock worth $188,000 after buying an additional 148 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Nutanix by 42.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $38,000 after buying an additional 150 shares during the last quarter. Simmons Bank raised its stake in shares of Nutanix by 2.1% during the 2nd quarter. Simmons Bank now owns 7,295 shares of the technology company’s stock worth $558,000 after acquiring an additional 150 shares in the last quarter. Finally, Crestwood Advisors Group LLC lifted its position in Nutanix by 0.4% during the third quarter. Crestwood Advisors Group LLC now owns 43,499 shares of the technology company’s stock valued at $3,236,000 after acquiring an additional 161 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Company Profile

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.