Nutanix (NASDAQ:NTNX) Upgraded at KeyCorp

KeyCorp upgraded shares of Nutanix (NASDAQ:NTNX) from a sector weight rating to a strong-buy rating in a report released on Wednesday, Marketbeat reports. KeyCorp also issued estimates for Nutanix’s Q1 2026 earnings at $0.16 EPS, Q2 2026 earnings at $0.28 EPS and Q3 2026 earnings at $0.25 EPS.

A number of other research firms have also recently commented on NTNX. Wells Fargo & Company upped their price objective on shares of Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, February 27th. UBS Group upped their target price on shares of Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Barclays set a $94.00 target price on shares of Nutanix and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Raymond James Financial lowered shares of Nutanix from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 20th. Finally, Northland Capmk raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $90.71.

Nutanix Stock Up 0.0%

NTNX opened at $75.29 on Wednesday. Nutanix has a 12 month low of $43.35 and a 12 month high of $83.36. The company has a fifty day simple moving average of $74.47 and a 200 day simple moving average of $69.66. The stock has a market cap of $20.18 billion, a P/E ratio of -268.89, a P/E/G ratio of 6.84 and a beta of 0.69.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. The business had revenue of $638.98 million during the quarter, compared to analysts’ expectations of $626.12 million. During the same quarter in the prior year, the company earned $0.28 EPS. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. On average, equities research analysts expect that Nutanix will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Nutanix

In related news, CEO Rajiv Ramaswami sold 61,057 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total value of $4,823,503.00. Following the completion of the sale, the chief executive officer now directly owns 497,309 shares in the company, valued at approximately $39,287,411. This trade represents a 10.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Virginia Gambale sold 7,000 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $78.00, for a total transaction of $546,000.00. Following the completion of the sale, the director now owns 38,330 shares of the company’s stock, valued at $2,989,740. This trade represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,552,549 shares of company stock worth $426,621,281. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Nutanix

Several hedge funds have recently bought and sold shares of the company. Principal Securities Inc. raised its holdings in Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after acquiring an additional 199 shares during the period. Principal Financial Group Inc. raised its holdings in Nutanix by 32.4% in the 4th quarter. Principal Financial Group Inc. now owns 23,154 shares of the technology company’s stock valued at $1,417,000 after acquiring an additional 5,664 shares during the period. Sanctuary Advisors LLC raised its holdings in Nutanix by 3.5% in the 4th quarter. Sanctuary Advisors LLC now owns 9,698 shares of the technology company’s stock valued at $593,000 after acquiring an additional 325 shares during the period. Los Angeles Capital Management LLC raised its holdings in Nutanix by 2,463.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 209,546 shares of the technology company’s stock valued at $12,820,000 after acquiring an additional 201,372 shares during the period. Finally, Simmons Bank raised its holdings in Nutanix by 64.5% in the 4th quarter. Simmons Bank now owns 7,075 shares of the technology company’s stock valued at $433,000 after acquiring an additional 2,775 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

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.