Nutanix (NASDAQ:NTNX) Shares Gap Down on Analyst Downgrade

Nutanix (NASDAQ:NTNX) gapped down before the market opened on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from $78.00 to $65.00. The stock had previously closed at $58.77, but opened at $51.28. JPMorgan Chase & Co. currently has an overweight rating on the stock. Nutanix shares last traded at $48.81, with a volume of 4,505,419 shares trading hands.

NTNX has been the topic of a number of other reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nutanix in a research report on Wednesday, November 19th. Northland Capmk lowered Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Citigroup raised shares of Nutanix to a “positive” rating in a report on Tuesday, August 5th. Barclays restated an “overweight” rating and set a $64.00 price target on shares of Nutanix in a research report on Wednesday. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $72.00 price objective (down previously from $88.00) on shares of Nutanix in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Nutanix has a consensus rating of “Moderate Buy” and an average target price of $76.47.

Insider Activity

In other news, CFO Rukmini Sivaraman sold 11,391 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $78.34, for a total transaction of $892,370.94. Following the transaction, the chief financial officer directly owned 254,637 shares of the company’s stock, valued at approximately $19,948,262.58. This trade represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 144,707 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $76.42, for a total transaction of $11,058,508.94. Following the completion of the sale, the chief executive officer directly owned 524,608 shares of the company’s stock, valued at $40,090,543.36. The trade was a 21.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 159,598 shares of company stock valued at $12,218,560. Company insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. acquired a new position in shares of Nutanix during the third quarter valued at approximately $679,000. Wilmington Savings Fund Society FSB increased its position in shares of Nutanix by 135.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock valued at $79,000 after purchasing an additional 609 shares during the period. Caerus Investment Advisors LLC bought a new stake in shares of Nutanix in the 3rd quarter worth $855,000. Captrust Financial Advisors raised its stake in shares of Nutanix by 32.0% in the 3rd quarter. Captrust Financial Advisors now owns 46,418 shares of the technology company’s stock worth $3,453,000 after buying an additional 11,240 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its holdings in shares of Nutanix by 10.4% in the third quarter. Coldstream Capital Management Inc. now owns 3,990 shares of the technology company’s stock valued at $297,000 after buying an additional 375 shares during the period. 85.25% of the stock is currently owned by institutional investors.

Nutanix Stock Down 17.7%

The company has a 50 day moving average of $69.22 and a two-hundred day moving average of $72.62. The firm has a market cap of $12.99 billion, a P/E ratio of 75.53, a PEG ratio of 6.55 and a beta of 0.54.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Tuesday, November 25th. The technology company reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. Nutanix had a net margin of 7.42% and a negative return on equity of 28.01%. The company had revenue of $670.58 million during the quarter, compared to the consensus estimate of $677.23 million. During the same period in the prior year, the company earned $0.42 EPS. Nutanix’s revenue was up 13.5% on a year-over-year basis. Nutanix has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Research analysts expect that Nutanix will post 0.31 earnings per share for the current fiscal year.

About Nutanix

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.