Brokerages Set Nutanix (NASDAQ:NTNX) PT at $87.67

Shares of Nutanix (NASDAQ:NTNX) have earned an average recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $87.6667.

A number of brokerages have issued reports on NTNX. Bank of America cut their target price on Nutanix from $95.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, August 28th. Wells Fargo & Company cut their price objective on Nutanix from $85.00 to $71.00 and set an “equal weight” rating for the company in a research report on Thursday, August 28th. Citigroup raised Nutanix to a “positive” rating in a research report on Tuesday, August 5th. Northland Securities set a $76.00 target price on Nutanix in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on Nutanix from $90.00 to $81.00 and set an “overweight” rating for the company in a research report on Thursday, August 28th.

Insider Transactions at Nutanix

In other news, CFO Rukmini Sivaraman sold 11,391 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $78.34, for a total transaction of $892,370.94. Following the completion of the transaction, the chief financial officer directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rajiv Ramaswami sold 144,707 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $76.42, for a total value of $11,058,508.94. Following the transaction, the chief executive officer directly owned 524,608 shares of the company’s stock, valued at approximately $40,090,543.36. This represents a 21.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 159,598 shares of company stock valued at $12,218,560. 6.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Nutanix

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC grew its position in shares of Nutanix by 30.8% during the second quarter. AQR Capital Management LLC now owns 4,712,266 shares of the technology company’s stock worth $360,206,000 after buying an additional 1,108,261 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Nutanix by 0.6% during the second quarter. Geode Capital Management LLC now owns 4,549,909 shares of the technology company’s stock worth $346,720,000 after buying an additional 25,918 shares in the last quarter. Jericho Capital Asset Management L.P. grew its position in shares of Nutanix by 46.8% during the first quarter. Jericho Capital Asset Management L.P. now owns 4,102,993 shares of the technology company’s stock worth $286,430,000 after buying an additional 1,308,357 shares in the last quarter. Norges Bank acquired a new position in shares of Nutanix during the second quarter worth about $263,938,000. Finally, Marshall Wace LLP grew its position in shares of Nutanix by 75.9% during the second quarter. Marshall Wace LLP now owns 3,279,107 shares of the technology company’s stock worth $250,655,000 after buying an additional 1,415,117 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Stock Down 0.6%

Shares of NTNX opened at $68.34 on Friday. Nutanix has a 52-week low of $54.66 and a 52-week high of $83.36. The company has a market capitalization of $18.37 billion, a PE ratio of 106.78, a price-to-earnings-growth ratio of 6.57 and a beta of 0.51. The stock has a fifty day simple moving average of $72.51 and a two-hundred day simple moving average of $72.47.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. Nutanix had a negative return on equity of 28.01% and a net margin of 7.42%.The business had revenue of $653.27 million during the quarter, compared to the consensus estimate of $642.48 million. During the same period last year, the company earned $0.27 EPS. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities analysts anticipate that Nutanix will post 0.31 earnings per share for the current fiscal year.

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.