Bank of America Cuts Nutanix (NASDAQ:NTNX) Price Target to $75.00

Nutanix (NASDAQ:NTNX) had its price objective reduced by Bank of America from $93.00 to $75.00 in a research report released on Wednesday morning,Benzinga reports. Bank of America currently has a buy rating on the technology company’s stock.

Several other equities analysts have also recently issued reports on NTNX. Barclays reiterated an “overweight” rating and issued a $64.00 target price on shares of Nutanix in a research note on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Nutanix from $81.00 to $78.00 and set an “overweight” rating for the company in a report on Monday, November 17th. Needham & Company LLC decreased their price objective on shares of Nutanix from $92.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, August 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Nutanix in a research note on Wednesday, November 19th. Finally, KeyCorp cut their price target on Nutanix from $95.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Nutanix has an average rating of “Moderate Buy” and an average price target of $75.13.

Nutanix Stock Down 1.3%

Shares of NTNX opened at $47.73 on Wednesday. The company has a market capitalization of $12.83 billion, a price-to-earnings ratio of 74.58, a PEG ratio of 6.55 and a beta of 0.54. Nutanix has a 52 week low of $47.39 and a 52 week high of $83.36. The stock’s 50-day moving average price is $68.03 and its 200-day moving average price is $72.25.

Nutanix (NASDAQ:NTNX) last announced its quarterly 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. Nutanix had a negative return on equity of 28.01% and a net margin of 7.42%.The company had revenue of $670.58 million during the quarter, compared to analysts’ expectations of $677.23 million. During the same period last year, the business earned $0.42 earnings per share. Nutanix’s quarterly revenue was up 13.5% on a year-over-year basis. Nutanix has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, equities analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Nutanix

In other news, CFO Rukmini Sivaraman sold 11,391 shares of Nutanix stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $78.34, for a total value 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 trade represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $11,058,508.94. Following the sale, the chief executive officer directly owned 524,608 shares of the company’s stock, valued at $40,090,543.36. This represents a 21.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 159,598 shares of company stock valued at $12,218,560 over the last ninety days. Corporate insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Nutanix

A number of hedge funds have recently made changes to their positions in the company. Twin Tree Management LP purchased a new position in shares of Nutanix in the first quarter valued at approximately $29,000. SouthState Corp acquired a new position in Nutanix in the 1st quarter valued at $32,000. Farther Finance Advisors LLC raised its stake in Nutanix by 42.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $38,000 after purchasing an additional 150 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Nutanix in the 2nd quarter valued at $45,000. Finally, SJS Investment Consulting Inc. boosted its stake in Nutanix by 3,122.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock worth $53,000 after purchasing an additional 687 shares during the last quarter. Institutional investors and hedge funds 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.