Nutanix (NASDAQ:NTNX) Price Target Raised to $85.00

Nutanix (NASDAQ:NTNX) had its price target raised by Needham & Company LLC from $60.00 to $85.00 in a research report sent to investors on Thursday, MarketBeat.com reports. Needham & Company LLC currently has a buy rating on the technology company’s stock.

A number of other research analysts have also weighed in on NTNX. Bank of America restated a “buy” rating on shares of Nutanix in a report on Thursday. Royal Bank Of Canada lifted their price objective on shares of Nutanix from $58.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Northland Securities set a $47.00 target price on shares of Nutanix in a research note on Thursday, May 28th. Oppenheimer reissued a “buy” rating and set a $80.00 price target on shares of Nutanix in a research report on Thursday, August 20th. Finally, Morgan Stanley upped their price objective on shares of Nutanix from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $72.71.

Nutanix Stock Performance

NTNX opened at $69.16 on Thursday. Nutanix has a 1-year low of $34.01 and a 1-year high of $82.42. The company has a market cap of $18.70 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 4.43 and a beta of 0.60. The company’s fifty day moving average price is $58.16 and its two-hundred day moving average price is $48.22. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.92.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. The firm had revenue of $757.08 million during the quarter, compared to analysts’ expectations of $738.27 million. During the same period last year, the company earned $0.37 earnings per share. The business’s revenue was up 15.9% on a year-over-year basis. On average, analysts expect that Nutanix will post 0.97 EPS for the current fiscal year.

Institutional Investors Weigh In On Nutanix

Several large investors have recently made changes to their positions in NTNX. California State Teachers Retirement System boosted its holdings in shares of Nutanix by 4,834.4% in the 2nd quarter. California State Teachers Retirement System now owns 14,870,638 shares of the technology company’s stock worth $757,808,000 after buying an additional 14,569,274 shares during the last quarter. AQR Capital Management LLC grew its position in Nutanix by 72.8% during the fourth quarter. AQR Capital Management LLC now owns 11,452,714 shares of the technology company’s stock valued at $591,991,000 after buying an additional 4,826,443 shares during the period. Norges Bank purchased a new stake in Nutanix during the fourth quarter worth about $187,169,000. Assenagon Asset Management S.A. increased its holdings in Nutanix by 1,535.2% during the second quarter. Assenagon Asset Management S.A. now owns 3,262,231 shares of the technology company’s stock worth $166,243,000 after buying an additional 3,062,730 shares during the last quarter. Finally, FIL Ltd raised its position in Nutanix by 180.1% in the fourth quarter. FIL Ltd now owns 4,333,937 shares of the technology company’s stock worth $224,021,000 after acquiring an additional 2,786,929 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Nutanix

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.