Nutanix (NASDAQ:NTNX) Price Target Raised to $90.00

Nutanix (NASDAQ:NTNX) had its price objective lifted by Royal Bank Of Canada from $84.00 to $90.00 in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. Royal Bank Of Canada currently has an outperform rating on the technology company’s stock.

Several other brokerages have also issued reports on NTNX. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Nutanix in a report on Tuesday. Oppenheimer boosted their price objective on shares of Nutanix from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday. Bank of America restated a “buy” rating on shares of Nutanix in a research note on Thursday. UBS Group raised their target price on Nutanix from $62.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Morgan Stanley lifted their target price on Nutanix from $55.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.71.

Nutanix Trading Down 1.0%

Nutanix stock opened at $69.16 on Thursday. The business has a 50-day simple moving average of $58.16 and a two-hundred day simple moving average of $48.22. The company has a market cap of $18.70 billion, a P/E ratio of 13.40, a P/E/G ratio of 4.43 and a beta of 0.60. Nutanix has a 52-week low of $34.01 and a 52-week high of $82.42. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.92.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $738.27 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Analysts predict that Nutanix will post 0.97 EPS for the current year.

Hedge Funds Weigh In On Nutanix

A number of hedge funds have recently made changes to their positions in NTNX. CX Institutional grew its position in shares of Nutanix by 134.6% during the second quarter. CX Institutional now owns 488 shares of the technology company’s stock worth $25,000 after purchasing an additional 280 shares in the last quarter. New Millennium Group LLC bought a new stake in Nutanix during the 4th quarter valued at approximately $28,000. Western Wealth Management LLC purchased a new position in Nutanix in the 1st quarter worth approximately $27,000. Covestor Ltd lifted its holdings in Nutanix by 73.1% in the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after purchasing an additional 324 shares in the last quarter. Finally, Harbour Investments Inc. boosted its stake in Nutanix by 159.4% in the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock worth $42,000 after purchasing an additional 502 shares during the period. Institutional investors own 85.25% of the company’s stock.

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.