JPMorgan Chase & Co. Cuts Nutanix (NASDAQ:NTNX) Price Target to $65.00

Nutanix (NASDAQ:NTNX) had its price objective lowered by JPMorgan Chase & Co. from $78.00 to $65.00 in a research report released on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the technology company’s stock.

NTNX has been the subject of several other reports. Barclays restated an “overweight” rating and issued a $64.00 price target on shares of Nutanix in a report on Wednesday. KeyCorp reduced their price objective on shares of Nutanix from $95.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday. Oppenheimer initiated coverage on Nutanix in a report on Monday, November 17th. They set an “outperform” rating and a $90.00 target price for the company. Bank of America cut their price target on Nutanix from $93.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Citigroup raised Nutanix to a “positive” rating in a research report on Tuesday, August 5th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently 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 business has a fifty day moving average of $68.03 and a 200 day moving average of $72.25. The company has a market cap of $12.83 billion, a PE ratio of 74.58, a P/E/G 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.

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

Insider Buying and Selling

In related news, Director Teresa Gayle Sheppard sold 3,500 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were 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 in the company, valued at $1,713,152. The trade was a 13.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 directly 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 SEC filing for this sale provides additional information. Insiders sold a total of 159,598 shares of company stock valued at $12,218,560 over the last 90 days. Insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Nutanix

A number of hedge funds have recently bought and sold shares of the business. Swedbank AB acquired a new position in shares of Nutanix during the first quarter valued at approximately $1,642,000. Silverberg Bernstein Capital Management LLC increased its position in shares of Nutanix by 61.6% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 37,893 shares of the technology company’s stock worth $2,897,000 after purchasing an additional 14,438 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its position in shares of Nutanix by 67.3% during the second quarter. Dynamic Technology Lab Private Ltd now owns 29,017 shares of the technology company’s stock worth $2,218,000 after purchasing an additional 11,670 shares in the last quarter. Swiss National Bank raised its stake in Nutanix by 6.7% in the 2nd quarter. Swiss National Bank now owns 766,300 shares of the technology company’s stock valued at $58,576,000 after purchasing an additional 48,400 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in Nutanix by 1,069.5% in the 2nd quarter. Prudential Financial Inc. now owns 222,472 shares of the technology company’s stock valued at $15,560,000 after purchasing an additional 203,449 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

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.