Bank of America Cuts Nutanix (NASDAQ:NTNX) Price Target to $60.00

Nutanix (NASDAQ:NTNX) had its target price trimmed by Bank of America from $75.00 to $60.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other brokerages have also recently issued reports on NTNX. Oppenheimer assumed coverage on Nutanix in a research note on Monday, November 17th. They issued an “outperform” rating and a $90.00 price target for the company. Morgan Stanley decreased their target price on shares of Nutanix from $62.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday. UBS Group set a $57.00 price target on shares of Nutanix in a report on Monday, February 9th. Wall Street Zen lowered shares of Nutanix from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. Finally, Piper Sandler reissued an “overweight” rating and issued a $72.00 price objective (down from $88.00) on shares of Nutanix in a research note on Wednesday, November 26th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.43.

Nutanix Stock Performance

Shares of NTNX stock opened at $38.28 on Thursday. The company has a 50-day simple moving average of $45.10 and a 200 day simple moving average of $58.65. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 41.61, a PEG ratio of 4.16 and a beta of 0.48. Nutanix has a 52 week low of $35.39 and a 52 week high of $83.36.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, February 25th. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.44 by $0.12. The company had revenue of $722.83 million for the quarter, compared to the consensus estimate of $709.83 million. Nutanix had a negative return on equity of 39.30% and a net margin of 9.95%.The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 earnings per share. Sell-side analysts forecast that Nutanix will post 0.31 EPS for the current year.

Institutional Trading of Nutanix

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. New Millennium Group LLC bought a new position in Nutanix in the fourth quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new position in shares of Nutanix in the fourth quarter valued at approximately $39,000. Covestor Ltd increased its stake in shares of Nutanix by 73.1% in the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after buying an additional 324 shares during the period. Harbour Investments Inc. raised its holdings in Nutanix by 159.4% in the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after buying an additional 502 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its position in Nutanix by 78.7% during the 4th quarter. GW&K Investment Management LLC now owns 981 shares of the technology company’s stock worth $51,000 after buying an additional 432 shares during the period. Institutional investors own 85.25% of the company’s stock.

Key Headlines Impacting Nutanix

Here are the key news stories impacting Nutanix this week:

• Positive Sentiment: AMD strategic partnership and investment — AMD announced a multi‑year AI infrastructure partnership and a $250M package (about $150M equity at ~$36.26/sh and up to $100M for joint engineering/go‑to‑market), validating Nutanix’s enterprise AI positioning and drawing immediate buyer interest. AMD and Nutanix Announce Strategic Partnership to Advance an Open and Scalable Platform for Enterprise AI
• Positive Sentiment: Quarterly beat and customer momentum — Q2 results topped estimates (revenue ≈ $722.8M; adjusted EPS $0.56), with >1,000 new customers and the strongest new‑logo growth in eight years, supporting the narrative of durable demand for Nutanix’s hybrid cloud stack. Nutanix Q2 Earnings and Revenues Beat Estimates, Sales Rise Y/Y
• Positive Sentiment: Analyst backing and investor flow — Some firms raised/maintained bullish views (e.g., UBS bumped its PT to $60 with a Buy), and there was elevated call‑option activity, both of which have supported near‑term upside interest. Analyst Price Target Coverage (Benzinga)
• Neutral Sentiment: Strategic visibility — Coverage highlights Nutanix’s role in niche enterprise clouds (Nasdaq futures ecosystem and evolving cloud use cases), which supports narrative but is longer‑term and less likely to move the stock immediately. Nutanix Plays a Critical Role In Nasdaq Futures Cloud Ecosystem
• Neutral Sentiment: Investor access — Management will present at the Morgan Stanley TMT conference next week, offering additional opportunity for guidance color and investor Q&A. Nutanix to Present at Upcoming Investor Conference
• Negative Sentiment: FY26 revenue target cut and supply constraints — Management set FY26 revenue guidance to $2.80B–$2.84B and cited supply‑chain delays as the reason, signaling that demand is outpacing available hardware capacity and weighing on near‑term growth. Nutanix outlines $2.8B–$2.84B FY26 revenue target amid AMD partnership and supply chain delays
• Negative Sentiment: Demand > supply dynamic and revenue timing — Reports note bookings are strong but constrained by component availability, which can push revenue recognition later and inject execution risk into near‑term results. Nutanix: Demand Surge Is Now Running Into Supply Constraints
• Negative Sentiment: Analyst trims and insider/institutional flows — Several banks trimmed targets (Barclays cut to $47 equal‑weight; others trimmed forecasts) and filings show notable institutional rebalancing and insider sales, adding upward pressure to near‑term sentiment. Nutanix jumps as AMD takes strategic stake and the company posts a quarterly beat

Nutanix Company Profile

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.