Should I buy or sell Nutanix stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nutanix in the last twelve months. There are currently 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NTNX shares. View NTNX analyst ratings or view top-rated stocks .

What is Nutanix's stock price target for 2024?

14 equities research analysts have issued twelve-month target prices for Nutanix's shares. Their NTNX share price targets range from $42.00 to $76.00. On average, they expect the company's stock price to reach $65.17 in the next twelve months. This suggests a possible upside of 9.0% from the stock's current price. View analysts price targets for NTNX or view top-rated stocks among Wall Street analysts .

How have NTNX shares performed in 2024?

Nutanix's stock was trading at $47.69 on January 1st, 2024. Since then, NTNX shares have increased by 25.4% and is now trading at $59.78. View the best growth stocks for 2024 here .

When is Nutanix's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024. View our NTNX earnings forecast .

How were Nutanix's earnings last quarter?

Nutanix, Inc. (NASDAQ:NTNX) issued its earnings results on Wednesday, February, 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The technology company had revenue of $565.23 million for the quarter, compared to analyst estimates of $551.82 million.

What ETFs hold Nutanix's stock?

ETFs with the largest weight of Nutanix (NASDAQ:NTNX) stock in their portfolio include Adaptiv Select ETF (ADPV) , ProShares Big Data Refiners ETF (DAT) , Invesco Dorsey Wright Technology Momentum ETF (PTF) , First Trust Cloud Computing ETF (SKYY) , ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) , Amplify Global Cloud Technology ETF (IVES) , Direxion Daily Cloud Computing Bull 2x (CLDL) and iShares Future Cloud 5G and Tech ETF (IDAT) .

What guidance has Nutanix issued on next quarter's earnings?

Nutanix updated its third quarter 2024 earnings guidance on Wednesday, February, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $510.0 million-$520.0 million, compared to the consensus revenue estimate of $510.0 million.

What is Rajiv Ramaswami's approval rating as Nutanix's CEO?

3 employees have rated Nutanix Chief Executive Officer Rajiv Ramaswami on Glassdoor.com . Rajiv Ramaswami has an approval rating of 100% among the company's employees. This puts Rajiv Ramaswami in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Nutanix own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Nutanix investors own include NVIDIA (NVDA) , Micron Technology (MU) , Alibaba Group (BABA) , Block (SQ) , Twilio (TWLO) , Advanced Micro Devices (AMD) , Tesla (TSLA) , Netflix (NFLX) , Salesforce (CRM) and PayPal (PYPL) .

When did Nutanix IPO?

Nutanix (NTNX) raised $168 million in an IPO on Friday, September 30th 2016. The company issued 14,000,000 shares at $11.00-$13.00 per share. Goldman Sachs, Morgan Stanley, J.P. Morgan and RBC Capital Markets served as the underwriters for the IPO and Baird, Needham & Company, Oppenheimer, Pacific Crest Securities (a division of KeyBanc Capital Markets), Piper Jaffray, Raymond James, Stifel and William Blair were co-managers.

Who are Nutanix's major shareholders?

Nutanix's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.08%), Silverberg Bernstein Capital Management LLC (0.01%), FCF Advisors LLC (0.01%), Diversified Trust Co (0.01%), Range Financial Group LLC (0.01%) and Counterpoint Mutual Funds LLC (0.00%). Insiders that own company stock include Aaron Boynton , Christopher Nicholas Kaddaras , Craig Conway , David Sangster , Duston Williams , Martin F Jackson, Rajiv Ramaswami , Rukmini Sivaraman , Steven J Gomo, Tarkan Maner and Tyler Wall . View institutional ownership trends .

How do I buy shares of Nutanix?

Shares of NTNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Top-Rated StocksTop-Rated

NASDAQ:NTNX

Nutanix (NTNX) Stock Price, News & Analysis

→ [Urgent!] Generational Wealth Gameplan (From Crypto 101 Media) (Ad)

Free NTNX Stock Alerts

$59.53

-1.18 (-1.94%)

(As of 04/18/2024 ET)

Compare

Today's Range: $59.26
▼
$60.88
50-Day Range: $54.43
▼
$65.98
52-Week Range: $23.34
▼
$66.99

Volume: 1.77 million shs
Average Volume: 2.77 million shs
Market Capitalization: $14.54 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $65.17

Get Nutanix alerts:

Nutanix MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.86 Rating Score
Upside/Downside: 9.0% Upside
$65.17 Price Target
Short Interest: Healthy
2.57% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.84
Upright™ Environmental Score
News Sentiment: 0.48
Based on 11 Articles This Week
Insider Trading: Selling Shares
$8.27 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.04) to $0.13 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.47 out of 5 stars

Computer And Technology Sector

216th out of 587 stocks

Prepackaged Software Industry

59th out of 191 stocks

2.4

Analyst's Opinion

Consensus Rating
Nutanix has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 12 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Nutanix has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
2.57% of the outstanding shares of Nutanix have been sold short.
Short Interest Ratio / Days to Cover
Nutanix has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Nutanix has recently decreased by 4.99%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Nutanix does not currently pay a dividend.
Dividend Growth
Nutanix does not have a long track record of dividend growth.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Nutanix has received a 39.55% net impact score from Upright. Nutanix seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Hosted data storage services", "Cloud management tools", and "Hosted computer services" products. See details.
Environmental Sustainability
The Environmental Impact score for Nutanix is -0.84.

1.9

News and Social Media Coverage

News Sentiment
Nutanix has a news sentiment score of 0.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Nutanix this week, compared to 7 articles on an average week.
Search Interest
Only 17 people have searched for NTNX on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.
MarketBeat Follows
Only 16 people have added Nutanix to their MarketBeat watchlist in the last 30 days. This is a decrease of -24% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nutanix insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,270,938.00 in company stock.
Percentage Held by Insiders
Only 0.46% of the stock of Nutanix is held by insiders.
Percentage Held by Institutions
85.25% of the stock of Nutanix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Nutanix are expected to grow in the coming year, from ($0.04) to $0.13 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nutanix is -166.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nutanix is -166.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

Ad Paradigm Press

Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS

You might have seen that Bitcoin was one of the best performing assets of 2023. It gained 164%. But a crypto millionaire who has been tracking the space for more than a decade has ABANDONED Bitcoin. He found something better.

Click here to find out that this 8,788% cryptocurrency is.

About Nutanix Stock (NASDAQ:NTNX)

Nutanix, Inc. provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters. It also provides Nutanix Cloud Management that provides management, capacity planning, operational analytics, automated remediation, self-service, and one-click administration; cloud governance; and automation services that streamline application lifecycle management, provide self-service for infrastructure and applications, and deliver multicloud orchestration. In addition, the company offers Nutanix Files, an enterprise-grade network file system and server message block files services; Nutanix Objects, a S3-compatible object services; Nutanix Data Lens, a data security governance solution; and Nutanix database service that provides automated database management to simplify database administration and to manage database copies. Further, it provides product support, and consulting and implementation services. The company serves customers in a range of industries, including automotive, consumer goods, education, energy, financial services, healthcare, manufacturing, media, public sector, retail, technology, and telecommunications, as well as service providers. Nutanix, Inc. was incorporated in 2009 and is headquartered in San Jose, California.

NTNX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NTNX Stock News Headlines

April 12, 2024 | insidertrades.com

Nutanix, Inc. (NASDAQ:NTNX) CFO Sells $3,434,688.33 in Stock

March 26, 2024 | insidertrades.com

Tyler Wall Sells 15,000 Shares of Nutanix, Inc. (NASDAQ:NTNX) Stock

April 18, 2024 | Paradigm Press (Ad)

Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS

March 20, 2024 | insidertrades.com

Nutanix, Inc. (NASDAQ:NTNX) COO Sells $790,836.80 in Stock

April 17, 2024 | finance.yahoo.com

Nutanix, Inc. (NTNX)

April 17, 2024 | tmcnet.com

Nutanix Study Finds AI, Security, and Sustainability are Driving the Need for IT Infrastructure Modernization in Healthcare

April 17, 2024 | businesswire.com

Nutanix Study Finds AI, Security, and Sustainability are Driving the Need for IT Infrastructure Modernization in Healthcare

April 13, 2024 | americanbankingnews.com

Rukmini Sivaraman Sells 53,029 Shares of Nutanix, Inc. (NASDAQ:NTNX) Stock

April 18, 2024 | Paradigm Press (Ad)

Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS

April 13, 2024 | investing.com

Nutanix CFO Sivaraman Rukmini sells over $3.4m in company stock

April 11, 2024 | finance.yahoo.com

Nutanix Inc (NTNX) CFO Rukmini Sivaraman Sells 53,029 Shares

April 11, 2024 | americanbankingnews.com

Susquehanna Raises Nutanix (NASDAQ:NTNX) Price Target to $75.00

April 11, 2024 | americanbankingnews.com

Nutanix (NASDAQ:NTNX) Stock Price Up 1.2% on Analyst Upgrade

April 10, 2024 | msn.com

Dow Jones Futures Fall As Markets Start To Price In Chance Of No Fed Rate Cuts; Nvidia Rises

April 10, 2024 | msn.com

Dow Jones Futures: Markets Skid, Price Out Fed Rate Cuts; Nvidia Stock Rises

April 8, 2024 | finance.yahoo.com

Nutanix Announces 2024 .NEXT Event Lineup: Say "Yes" to Hybrid Multicloud

April 8, 2024 | seekingalpha.com

Nutanix: High Valuation, Proceed With Caution (Rating Downgrade)

April 8, 2024 | americanbankingnews.com

Nutanix, Inc. (NASDAQ:NTNX) Given Average Rating of "Moderate Buy" by Brokerages

April 7, 2024 | finance.yahoo.com

Nutanix, Inc.'s (NASDAQ:NTNX) high institutional ownership speaks for itself as stock continues to impress, up 6.9% over last week

March 29, 2024 | finance.yahoo.com

Nutanix (NTNX) Down 2.3% Since Last Earnings Report: Can It Rebound?

March 28, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Nutanix (NTNX) and Sprinklr (CXM)

March 26, 2024 | finanznachrichten.de

OneNeck IT Solutions: OVHcloud® US and OneNeck® Announce Strategic Partnership to Enhance Nutanix Offering

March 21, 2024 | investing.com

Nutanix CEO Rajiv Ramaswami sells over $1.5m in company stock

March 21, 2024 | msn.com

Nutanix catapults IP theft sueball at DBaaS startup Tessell

March 20, 2024 | uk.finance.yahoo.com

Nutanix Study Finds AI, Security, and Sustainability Are Major Drivers for IT Modernization

March 20, 2024 | businesswire.com

Nutanix Files Theft of Intellectual Property Lawsuit Against Tessell, Inc.

March 20, 2024 | finance.yahoo.com

Insider Sell: Nutanix Inc (NTNX) President and CEO Rajiv Ramaswami Sold Shares

See More Headlines

Receive NTNX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Nutanix and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 2/28/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/22/2024
Fiscal Year End: 7/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:NTNX
CUSIP: N/A
CIK: 1618732
Web: www.nutanix.com
Phone: (408) 216-8360
Fax: 408-916-4039
Employees: 6,450
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $65.17
High Stock Price Target: $76.00
Low Stock Price Target: $42.00
Potential Upside/Downside: +9.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.86
Research Coverage: 14 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.36)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-254,560,000.00
Net Margins: -3.84%
Pretax Margin: -2.22%
Return on Equity: N/A
Return on Assets: -0.59%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.79
Quick Ratio: 1.79

Sales & Book Value

Annual Sales: $1.86 billion
Price / Sales: 7.84
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($2.95) per share
Price / Book: -20.27

Miscellaneous

Outstanding Shares: 244,330,000
Free Float: 243,205,000
Market Cap: $14.61 billion
Optionable: Optionable
Beta: 1.29

These 7 Stocks Will Be Magnificent in 2024

With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.

Get This Free Report

Key Executives

Dr. Rajiv Ramaswami Ph.D. (Age 58)
President, CEO & Director
Comp: $1.69M
Ms. Rukmini Sivaraman (Age 43)
Principal Accounting Officer & CFO
Comp: $825.74k
Mr. David Sangster (Age 60)
Chief Operating Officer
Comp: $872.23k
Mr. Ajeet Singh
Co-Founder & Advisor
Ms. Tonya Chin
Vice President of Corporate Communications & IR
Ms. Mandy Dhaliwal
Chief Marketing Officer
Ms. Anja Hamilton (Age 53)
Chief People Officer
Mr. Matthew Young
Senior VP & Head of Asia Pacific and Japan
Mr. Dave Gwyn
Senior Vice President of Worldwide Channels & Customer Success
Sunil Mahale
VP & MD of Sales for Nutanix India business

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NTNX Stock Analysis - Frequently Asked Questions

Should I buy or sell Nutanix stock right now?: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nutanix in the last twelve months. There are currently 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NTNX shares.
View NTNX analyst ratings or view top-rated stocks.
What is Nutanix's stock price target for 2024?: 14 equities research analysts have issued twelve-month target prices for Nutanix's shares. Their NTNX share price targets range from $42.00 to $76.00. On average, they expect the company's stock price to reach $65.17 in the next twelve months. This suggests a possible upside of 9.0% from the stock's current price.
View analysts price targets for NTNX or view top-rated stocks among Wall Street analysts.
How have NTNX shares performed in 2024?: Nutanix's stock was trading at $47.69 on January 1st, 2024. Since then, NTNX shares have increased by 25.4% and is now trading at $59.78.
View the best growth stocks for 2024 here.
When is Nutanix's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024.
View our NTNX earnings forecast.
How were Nutanix's earnings last quarter?: Nutanix, Inc. (NASDAQ:NTNX) issued its earnings results on Wednesday, February, 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The technology company had revenue of $565.23 million for the quarter, compared to analyst estimates of $551.82 million.
What ETFs hold Nutanix's stock?: ETFs with the largest weight of Nutanix (NASDAQ:NTNX) stock in their portfolio include Adaptiv Select ETF (ADPV), ProShares Big Data Refiners ETF (DAT), Invesco Dorsey Wright Technology Momentum ETF (PTF), First Trust Cloud Computing ETF (SKYY), ProShares Ultra Nasdaq Cloud Computing ETF (SKYU), Amplify Global Cloud Technology ETF (IVES), Direxion Daily Cloud Computing Bull 2x (CLDL) and iShares Future Cloud 5G and Tech ETF (IDAT).

What guidance has Nutanix issued on next quarter's earnings?: Nutanix updated its third quarter 2024 earnings guidance on Wednesday, February, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $510.0 million-$520.0 million, compared to the consensus revenue estimate of $510.0 million.
What is Rajiv Ramaswami's approval rating as Nutanix's CEO?: 3 employees have rated Nutanix Chief Executive Officer Rajiv Ramaswami on Glassdoor.com. Rajiv Ramaswami has an approval rating of 100% among the company's employees. This puts Rajiv Ramaswami in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Nutanix own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Nutanix investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Block (SQ), Twilio (TWLO), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), Salesforce (CRM) and PayPal (PYPL).
When did Nutanix IPO?: Nutanix (NTNX) raised $168 million in an IPO on Friday, September 30th 2016. The company issued 14,000,000 shares at $11.00-$13.00 per share. Goldman Sachs, Morgan Stanley, J.P. Morgan and RBC Capital Markets served as the underwriters for the IPO and Baird, Needham & Company, Oppenheimer, Pacific Crest Securities (a division of KeyBanc Capital Markets), Piper Jaffray, Raymond James, Stifel and William Blair were co-managers.
Who are Nutanix's major shareholders?: Nutanix's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.08%), Silverberg Bernstein Capital Management LLC (0.01%), FCF Advisors LLC (0.01%), Diversified Trust Co (0.01%), Range Financial Group LLC (0.01%) and Counterpoint Mutual Funds LLC (0.00%). Insiders that own company stock include Aaron Boynton, Christopher Nicholas Kaddaras, Craig Conway, David Sangster, Duston Williams, Martin F Jackson, Rajiv Ramaswami, Rukmini Sivaraman, Steven J Gomo, Tarkan Maner and Tyler Wall.
View institutional ownership trends.
How do I buy shares of Nutanix?: Shares of NTNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:NTNX) was last updated on 4/18/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Nutanix (NTNX) Stock Price, News & Analysis

Nutanix MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Nutanix Stock (NASDAQ:NTNX)

NTNX Stock Price History

NTNX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

NTNX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™