KeyCorp Initiates Coverage on Nutanix (NASDAQ:NTNX)

Analysts at KeyCorp initiated coverage on shares of Nutanix (NASDAQ:NTNX) in a note issued to investors on Thursday, MarketBeat.com reports. The firm set an “overweight” rating and a $95.00 price target on the technology company’s stock. KeyCorp’s price target indicates a potential upside of 26.18% from the stock’s previous close. KeyCorp also issued estimates for Nutanix’s Q1 2026 earnings at $0.16 EPS, Q2 2026 earnings at $0.28 EPS and Q3 2026 earnings at $0.25 EPS.

A number of other research firms also recently commented on NTNX. JPMorgan Chase & Co. boosted their price objective on shares of Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Wells Fargo & Company lifted their price target on shares of Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Susquehanna upped their price target on Nutanix from $90.00 to $95.00 and gave the stock a “positive” rating in a report on Thursday, May 29th. Wall Street Zen raised Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 22nd. Finally, Oppenheimer lifted their price objective on Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $90.71.

Nutanix Price Performance

Nutanix stock opened at $75.29 on Thursday. The stock’s 50 day moving average price is $74.47 and its 200 day moving average price is $69.66. Nutanix has a 1-year low of $43.35 and a 1-year high of $83.36. The company has a market cap of $20.18 billion, a PE ratio of -268.89, a price-to-earnings-growth ratio of 6.84 and a beta of 0.69.

Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The company had revenue of $638.98 million during the quarter, compared to the consensus estimate of $626.12 million. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. Nutanix’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. On average, equities research analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal year.

Insider Activity

In related news, CEO Rajiv Ramaswami sold 1,925 shares of the firm’s stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total transaction of $144,375.00. Following the sale, the chief executive officer now owns 518,561 shares in the company, valued at approximately $38,892,075. This trade represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Groen Max Pieter De sold 5,480,467 shares of the business’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $76.81, for a total value of $420,954,670.27. Following the completion of the transaction, the director now owns 5,480,468 shares of the company’s stock, valued at $420,954,747.08. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,552,549 shares of company stock worth $426,621,281 over the last three months. 6.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Nutanix

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Nutanix by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company’s stock valued at $1,568,447,000 after buying an additional 146,854 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Nutanix by 6.5% during the 4th quarter. Renaissance Technologies LLC now owns 4,418,900 shares of the technology company’s stock worth $270,348,000 after acquiring an additional 268,400 shares during the period. Geode Capital Management LLC boosted its position in shares of Nutanix by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 4,311,000 shares of the technology company’s stock worth $263,275,000 after acquiring an additional 163,874 shares during the last quarter. Jericho Capital Asset Management L.P. grew its holdings in Nutanix by 46.8% in the first quarter. Jericho Capital Asset Management L.P. now owns 4,102,993 shares of the technology company’s stock valued at $286,430,000 after purchasing an additional 1,308,357 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Nutanix by 65.5% in the first quarter. AQR Capital Management LLC now owns 3,604,005 shares of the technology company’s stock valued at $246,874,000 after purchasing an additional 1,426,049 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

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.