Needham & Company LLC Cuts Nutanix (NASDAQ:NTNX) Price Target to $65.00

Nutanix (NASDAQ:NTNX) had its target price cut by Needham & Company LLC from $80.00 to $65.00 in a research note published on Wednesday morning, Marketbeat reports. They currently have a buy rating on the technology company’s stock.

A number of other analysts also recently weighed in on the company. Barclays reiterated an “overweight” rating and set a $64.00 target price on shares of Nutanix in a research report on Wednesday. Zacks Research raised Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Citigroup upgraded shares of Nutanix to a “positive” rating in a research note on Tuesday, August 5th. Oppenheimer assumed coverage on shares of Nutanix in a report on Monday, November 17th. They issued an “outperform” rating and a $90.00 target price on the stock. Finally, Wells Fargo & Company dropped their target price on shares of Nutanix from $71.00 to $57.00 and set an “equal weight” rating for the company in a research report on Wednesday. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.13.

Nutanix Trading Down 1.3%

Shares of NTNX opened at $47.73 on Wednesday. Nutanix has a 12 month low of $47.39 and a 12 month high of $83.36. The firm’s 50 day moving average is $68.03 and its 200-day moving average is $72.25. The stock has a market capitalization 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 (NASDAQ:NTNX) last issued its quarterly earnings results on Tuesday, November 25th. The technology company reported $0.41 earnings per share (EPS) for the quarter, meeting 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 for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 earnings per share. Nutanix has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Equities research analysts predict that Nutanix will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Rukmini Sivaraman sold 11,391 shares of the 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 completion of the transaction, the chief financial officer owned 254,637 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rajiv Ramaswami sold 144,707 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $76.42, for a total transaction of $11,058,508.94. Following the completion of the sale, the chief executive officer owned 524,608 shares in the company, valued at approximately $40,090,543.36. The trade was a 21.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 159,598 shares of company stock valued at $12,218,560. 2.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Nutanix

Hedge funds and other institutional investors have recently modified their holdings of the stock. Twin Tree Management LP acquired a new position in shares of Nutanix during the first quarter worth $29,000. SouthState Corp acquired a new stake in shares of Nutanix during the 1st quarter valued at $32,000. Farther Finance Advisors LLC grew its position in Nutanix by 42.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $38,000 after acquiring an additional 150 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Nutanix in the 2nd quarter worth about $45,000. Finally, Banque Transatlantique SA acquired a new position in Nutanix in the 1st quarter worth about $46,000. 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.