Needham & Company LLC Issues Positive Forecast for Nutanix (NASDAQ:NTNX) Stock Price

Nutanix (NASDAQ:NTNX) had its price target upped by Needham & Company LLC from $60.00 to $85.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price target would suggest a potential upside of 29.99% from the company’s previous close.

A number of other equities analysts have also issued reports on NTNX. Bank of America reissued a “buy” rating on shares of Nutanix in a report on Thursday. KeyCorp lifted their target price on Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. boosted their price target on Nutanix from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. UBS Group increased their price target on Nutanix from $62.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Piper Sandler reissued an “overweight” rating on shares of Nutanix in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Nutanix presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.71.

Nutanix Stock Down 1.6%

Shares of NASDAQ:NTNX opened at $65.39 on Thursday. The company’s 50-day moving average price is $57.25 and its 200 day moving average price is $47.86. The company has a market cap of $17.68 billion, a PE ratio of 68.83, a P/E/G ratio of 4.25 and a beta of 0.60. Nutanix has a fifty-two week low of $34.01 and a fifty-two week high of $82.42.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, August 26th. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.49 by $0.11. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The firm had revenue of $757.08 million during the quarter, compared to analysts’ expectations of $738.27 million. During the same quarter in the prior year, the firm earned $0.37 EPS. Nutanix’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities analysts anticipate that Nutanix will post 0.73 EPS for the current year.

Hedge Funds Weigh In On Nutanix

Several hedge funds have recently modified their holdings of NTNX. Vanguard Group Inc. lifted its holdings in shares of Nutanix by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 27,514,943 shares of the technology company’s stock valued at $1,422,247,000 after buying an additional 832,468 shares during the period. California State Teachers Retirement System grew its holdings in Nutanix by 4,834.4% during the second quarter. California State Teachers Retirement System now owns 14,870,638 shares of the technology company’s stock worth $757,808,000 after acquiring an additional 14,569,274 shares during the period. AQR Capital Management LLC raised its position in Nutanix by 72.8% in the fourth quarter. AQR Capital Management LLC now owns 11,452,714 shares of the technology company’s stock worth $591,991,000 after acquiring an additional 4,826,443 shares in the last quarter. Geode Capital Management LLC raised its position in Nutanix by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,283,964 shares of the technology company’s stock worth $272,452,000 after acquiring an additional 135,533 shares in the last quarter. Finally, FIL Ltd raised its position in Nutanix by 180.1% in the fourth quarter. FIL Ltd now owns 4,333,937 shares of the technology company’s stock worth $224,021,000 after acquiring an additional 2,786,929 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Key Nutanix News

Here are the key news stories impacting Nutanix this week:

• Positive Sentiment: Quarterly earnings beat expectations. Nutanix reported adjusted EPS of $0.60 versus the $0.49 consensus estimate, while revenue reached $757.1 million, ahead of expectations near $738 million and up 15.9% year over year. The company also reported 16% annual recurring revenue growth and strong fiscal-year free cash flow. Nutanix Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: Bookings momentum supports future growth. KeyBanc said Nutanix’s bookings are growing rapidly and argued that revenue should eventually catch up, a positive signal for forward demand. The company’s relationships with AMD and Nvidia also strengthen its positioning in AI infrastructure. AMD and Nvidia Partner Nutanix’s Stock Jumps After Earnings Beat. Why It’s Got Further to Go.
• Positive Sentiment: Analyst support increased. Rosenblatt Securities raised its Nutanix price target from $60 to $75 and maintained a buy rating, reinforcing the bullish reaction to the earnings report. Rosenblatt Securities Boosts Nutanix Price Target to $75.00
• Positive Sentiment: AI product expansion adds a growth catalyst. Nutanix introduced new controls for running production “agentic AI” workloads across hybrid clouds, potentially increasing demand for its cloud infrastructure software and reinforcing its AI strategy. Nutanix Expands Cloud Platform With Controls for Agentic AI
• Neutral Sentiment: Fiscal 2027 guidance was broadly in line. First-quarter revenue guidance of $755 million to $765 million was close to the $755.4 million consensus, while full-year revenue guidance was approximately $3.2 billion. This supports stability but provides limited near-term upside relative to expectations.
• Negative Sentiment: Valuation and execution risks remain. Nutanix trades at a high earnings multiple after a substantial run-up, and analysts have noted that hardware availability could constrain growth even as software demand remains healthy. Investors may therefore require continued strong bookings and revenue conversion to justify further gains. Nutanix Is Selling Plenty of Software. Growth May Cool as Hardware Stays Tight

About Nutanix

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.