Allstate Corp Increases Position in Nutanix $NTNX

Allstate Corp lifted its stake in Nutanix (NASDAQ:NTNX) by 103.2% in the 4th quarter, HoldingsChannel reports. The fund owned 20,038 shares of the technology company’s stock after purchasing an additional 10,177 shares during the quarter. Allstate Corp’s holdings in Nutanix were worth $1,036,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NTNX. Crestwood Advisors Group LLC boosted its stake in Nutanix by 0.4% in the third quarter. Crestwood Advisors Group LLC now owns 43,499 shares of the technology company’s stock valued at $3,236,000 after acquiring an additional 161 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Nutanix by 0.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 93,016 shares of the technology company’s stock valued at $4,868,000 after purchasing an additional 260 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Nutanix by 31.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock worth $94,000 after purchasing an additional 291 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Nutanix by 20.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,859 shares of the technology company’s stock worth $143,000 after buying an additional 321 shares during the last quarter. Finally, Covestor Ltd grew its stake in Nutanix by 73.1% during the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after buying an additional 324 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Trending Headlines about Nutanix

Here are the key news stories impacting Nutanix this week:

• Positive Sentiment: Nutanix reported Q3 revenue of $703.1 million, topping estimates, while EPS of $0.47 also beat expectations. The company said ARR is now above $2.4 billion and recurring revenue grew about 15%, reinforcing the durability of its subscription-driven model. Nutanix: Soaring Backlog And Contract Durations, Modest FCF Multiples
• Positive Sentiment: The company raised FY2026 guidance, now expecting revenue of $2.82 billion to $2.84 billion and free cash flow of $760 million to $780 million, signaling management confidence after the quarter. Nutanix Q3 Earnings Top Estimates on Strong Demand and Execution
• Positive Sentiment: Several analysts lifted price targets after the results, including Rosenblatt, Needham, Barclays, and Morgan Stanley, with some targets reaching $60.00, which helped strengthen sentiment around the stock. Nutanix Analysts Boost Their Forecasts Following Upbeat Q3 Results
• Neutral Sentiment: Nutanix also announced it will present at an upcoming investor conference, which may keep attention on the name but is not a direct operational catalyst. Nutanix to Present at Upcoming Investor Conference
• Negative Sentiment: Some analysts remain cautious despite the beat, with at least one hold/neutral view and JPMorgan’s target still implying downside, suggesting the rally may face valuation-based resistance. Balanced Risk-Reward Keeps Nutanix at Hold Despite Strong Q3 Execution and Growth

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Morgan Stanley increased their price target on Nutanix from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday. Piper Sandler reiterated an “overweight” rating and issued a $60.00 target price (down from $63.00) on shares of Nutanix in a research report on Thursday. Wells Fargo & Company increased their price target on Nutanix from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday. Northland Securities set a $47.00 price objective on shares of Nutanix in a research note on Thursday. Finally, William Blair restated a “market perform” rating on shares of Nutanix in a research note on Monday, March 23rd. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Nutanix presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Nutanix Price Performance

NTNX opened at $52.07 on Friday. The company’s 50 day simple moving average is $42.00 and its two-hundred day simple moving average is $45.49. The firm has a market capitalization of $13.81 billion, a price-to-earnings ratio of 54.81, a price-to-earnings-growth ratio of 5.82 and a beta of 0.54. Nutanix has a 1-year low of $34.01 and a 1-year high of $82.42.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.12. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The company had revenue of $364.94 million during the quarter, compared to analysts’ expectations of $686.34 million. During the same period in the prior year, the business earned $0.22 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. On average, equities analysts anticipate that Nutanix will post 0.56 earnings per share for the current fiscal year.

About Nutanix

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.