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 issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 28.53% from the company’s current price.

A number of other research analysts have also issued reports on NTNX. Morgan Stanley raised their price objective on shares of Nutanix from $55.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday. 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 report on Thursday. Piper Sandler restated an “overweight” rating and issued a $75.00 price target on shares of Nutanix in a research report on Thursday. Wells Fargo & Company raised their price target on shares of Nutanix from $55.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Nutanix from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. One 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 company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $69.14.

Nutanix Stock Up 7.1%

Nutanix stock traded up $4.63 during trading hours on Thursday, hitting $70.02. The stock had a trading volume of 2,075,043 shares, compared to its average volume of 4,008,188. The stock has a market cap of $18.93 billion, a price-to-earnings ratio of 73.98, a P/E/G ratio of 4.25 and a beta of 0.60. Nutanix has a one year low of $34.01 and a one year high of $82.42. The business’s 50 day simple moving average is $57.25 and its 200-day simple moving average is $47.86.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. The firm had revenue of $757.08 million for the quarter, compared to analyst estimates of $738.27 million. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm posted $0.37 earnings per share. Research analysts anticipate that Nutanix will post 0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Nutanix

A number of hedge funds have recently made changes to their positions in NTNX. Katamaran Capital LLP increased its position in shares of Nutanix by 270.0% during the fourth quarter. Katamaran Capital LLP now owns 86,094 shares of the technology company’s stock worth $4,450,000 after buying an additional 62,825 shares during the period. Generali Asset Management SPA SGR acquired a new position in Nutanix in the fourth quarter valued at $1,800,000. Arrowstreet Capital Limited Partnership lifted its holdings in Nutanix by 628.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,185,120 shares of the technology company’s stock valued at $45,046,000 after buying an additional 1,022,516 shares during the period. BW Gestao de Investimentos Ltda. lifted its holdings in Nutanix by 19.1% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 663,074 shares of the technology company’s stock valued at $34,274,000 after buying an additional 106,420 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in Nutanix by 40.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 112,306 shares of the technology company’s stock valued at $5,805,000 after acquiring an additional 32,366 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Key Nutanix News

Here are the key news stories impacting Nutanix this week:

• Positive Sentiment: Nutanix reported fourth-quarter adjusted EPS of $0.60, above the $0.49 consensus estimate, while revenue increased 15.9% year over year to $757.1 million, exceeding expectations of $738.3 million. The company also cited 16% annual recurring revenue growth and strong free cash flow. Nutanix Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: Partnerships and product expansion involving AMD, Nvidia and AI are strengthening Nutanix’s hybrid-cloud narrative. New controls for deploying agentic AI across hybrid environments could create additional demand and support future bookings growth. Nutanix expands cloud platform with controls for agentic AI
• Positive Sentiment: Needham raised its price target to $85 from $60 and reaffirmed a Buy rating, citing strong execution, growth prospects and partnership upside. Rosenblatt also increased its target to $75. Needham raises Nutanix price target
• Neutral Sentiment: Fiscal 2027 first-quarter revenue guidance of $755 million to $765 million and full-year revenue guidance of approximately $3.2 billion were broadly consistent with analyst estimates. The lack of a major guidance upgrade may be limiting further upside.
• Negative Sentiment: After the earnings-driven advance, investors may be locking in gains, particularly because Nutanix trades at a relatively elevated valuation. The company’s negative return on equity and modest forward outlook provide additional reasons for caution.

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.