Nutanix (NASDAQ:NTNX) Sets New 52-Week Low Following Analyst Downgrade

Nutanix (NASDAQ:NTNX) reached a new 52-week low during trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $78.00 to $65.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Nutanix traded as low as $47.39 and last traded at $48.34, with a volume of 25950981 shares. The stock had previously closed at $58.77.

A number of other research firms have also recently weighed in on NTNX. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nutanix in a research note on Wednesday, November 19th. Northland Capmk cut shares of Nutanix from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Piper Sandler reissued an “overweight” rating and set a $72.00 price objective (down from $88.00) on shares of Nutanix in a report on Wednesday. Wells Fargo & Company decreased their target price on Nutanix from $71.00 to $57.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Zacks Research raised Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $76.47.

Insider Buying and Selling at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 11,391 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $78.34, for a total transaction of $892,370.94. Following the sale, the chief financial officer owned 254,637 shares in the company, valued at $19,948,262.58. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Teresa Gayle Sheppard sold 3,500 shares of the firm’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 transaction, the director directly owned 22,400 shares of the company’s stock, valued at $1,713,152. The trade was a 13.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 159,598 shares of company stock valued at $12,218,560 in the last 90 days. 2.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Nutanix

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Nutanix by 4.6% in the third quarter. Vanguard Group Inc. now owns 26,682,475 shares of the technology company’s stock valued at $1,984,909,000 after acquiring an additional 1,167,193 shares during the period. AQR Capital Management LLC lifted its stake in Nutanix by 40.6% in the 3rd quarter. AQR Capital Management LLC now owns 6,626,271 shares of the technology company’s stock worth $492,928,000 after purchasing an additional 1,914,005 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Nutanix by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 4,549,909 shares of the technology company’s stock valued at $346,720,000 after purchasing an additional 25,918 shares during the period. Jericho Capital Asset Management L.P. grew its position in shares of Nutanix by 46.8% during the 1st 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 in the last quarter. Finally, Federated Hermes Inc. grew its position in shares of Nutanix by 10.7% during the 3rd quarter. Federated Hermes Inc. now owns 3,559,876 shares of the technology company’s stock valued at $264,819,000 after purchasing an additional 344,076 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Price Performance

The stock has a market cap of $12.99 billion, a P/E ratio of 75.53, a PEG ratio of 6.55 and a beta of 0.54. The firm’s fifty day moving average price is $69.22 and its two-hundred day moving average price is $72.62.

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

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.