Nutanix (NASDAQ:NTNX) Price Target Raised to $63.00

Nutanix (NASDAQ:NTNX) had its price objective hoisted by Morgan Stanley from $55.00 to $63.00 in a report issued on Thursday,Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

Several other equities research analysts have also recently commented on NTNX. Royal Bank Of Canada boosted their price target on Nutanix from $58.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Zacks Research raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Wall Street Zen upgraded shares of Nutanix from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Needham & Company LLC boosted their target price on shares of Nutanix from $60.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.71.

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $69.16 on Thursday. The firm has a market cap of $18.70 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 4.43 and a beta of 0.60. Nutanix has a 1 year low of $34.01 and a 1 year high of $82.42. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.92. The business has a fifty day simple moving average of $58.16 and a 200 day simple moving average of $48.22.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.11. Nutanix had a negative return on equity of 90.13% and a net margin of 52.81%.The company had revenue of $757.08 million for the quarter, compared to analyst estimates of $738.27 million. During the same period in the prior year, the firm posted $0.37 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. As a group, sell-side analysts predict that Nutanix will post 0.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nutanix

Several large investors have recently made changes to their positions in the business. CX Institutional grew its holdings in Nutanix by 134.6% in the 2nd quarter. CX Institutional now owns 488 shares of the technology company’s stock valued at $25,000 after buying an additional 280 shares during the last quarter. New Millennium Group LLC bought a new position in Nutanix in the 4th quarter worth approximately $28,000. Western Wealth Management LLC acquired a new position in shares of Nutanix during the first quarter worth approximately $27,000. Covestor Ltd lifted its holdings in shares of Nutanix by 73.1% during the fourth 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. Finally, Harbour Investments Inc. boosted its position in shares of Nutanix by 159.4% in the fourth quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after acquiring an additional 502 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix News Summary

Here are the key news stories impacting Nutanix this week:

• Positive Sentiment: Results beat expectations: Nutanix reported fiscal Q4 revenue of $757.1 million and adjusted earnings of $0.60 per share, surpassing Wall Street estimates of $738.3 million and $0.49, respectively. Revenue increased 15.9% year over year. Nutanix Tops Estimates in Q4, Shares Jump
• Positive Sentiment: AI partnership strengthens the growth story: AMD’s equity investment in Nutanix, combined with joint product development and go-to-market efforts, could help Nutanix provide software infrastructure for AMD-powered AI and inference systems. Nutanix also works with Nvidia, giving it exposure to both leading AI-chip ecosystems. Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
• Positive Sentiment: Customer momentum and share gains: Nutanix added approximately 3,000 customers over the past year, many reportedly switching from VMware. External-storage offerings, cloud partnerships and its NC2 platform could broaden adoption and support future growth. Nutanix nabbed 3,000 new customers in 1 year, many from VMware
• Positive Sentiment: Analysts raised several targets: RBC lifted its target to $90 and reiterated an outperform rating; Oppenheimer raised its target to $85 with an outperform rating; and Needham increased its target to $85 while maintaining a buy rating. These revisions reflect optimism following the earnings beat and the company’s AI opportunity.
• Neutral Sentiment: Additional investor visibility: Nutanix will present at the Goldman Sachs Communacopia + Technology Conference on September 8, potentially giving management an opportunity to discuss fiscal 2027 growth, AI demand and partnerships. Nutanix to Present at Upcoming Investor Conference
• Negative Sentiment: Mixed ratings and execution risks: Barclays raised its target to $75 but kept an equal-weight rating, while Morgan Stanley’s $63 target remains below the recent trading level. Supply constraints, competition and the need to convert strong bookings into revenue could limit upside.

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.