JPMorgan Chase & Co. Has Lowered Expectations for Nutanix (NASDAQ:NTNX) Stock Price

Nutanix (NASDAQ:NTNX) had its price objective dropped by stock analysts at JPMorgan Chase & Co. from $78.00 to $65.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 34.46% from the stock’s previous close.

Several other equities analysts have also issued reports on NTNX. Zacks Research upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nutanix in a report on Wednesday, November 19th. Northland Securities dropped their price objective on Nutanix from $76.00 to $53.00 and set a “market perform” rating on the stock in a research note on Wednesday. Needham & Company LLC cut their target price on Nutanix from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $72.00 target price (down previously from $88.00) on shares of Nutanix in a research note on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $76.47.

Nutanix Price Performance

Shares of NTNX stock opened at $48.34 on Wednesday. The stock has a market capitalization of $12.99 billion, a PE ratio of 75.53, a PEG ratio of 6.55 and a beta of 0.54. The business’s 50 day simple moving average is $68.62 and its 200 day simple moving average is $72.45. Nutanix has a one year low of $47.39 and a one year high of $83.36.

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

Insider Transactions at Nutanix

In other news, Director Teresa Gayle Sheppard sold 3,500 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $76.48, for a total value of $267,680.00. Following the completion of the sale, the director directly owned 22,400 shares in the company, valued at $1,713,152. This trade represents a 13.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Rukmini Sivaraman sold 11,391 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $78.34, for a total value of $892,370.94. Following the completion of the sale, the chief financial officer directly owned 254,637 shares of the company’s stock, valued at $19,948,262.58. The trade was a 4.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 159,598 shares of company stock valued at $12,218,560 in the last 90 days. 2.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Nutanix

A number of institutional investors have recently modified their holdings of NTNX. Twin Tree Management LP bought a new position in shares of Nutanix in the 1st quarter worth $29,000. SouthState Corp bought a new position in shares of Nutanix in the first quarter valued at $32,000. Farther Finance Advisors LLC lifted its stake in shares of Nutanix by 42.6% in the second quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $38,000 after buying an additional 150 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Nutanix during the second quarter valued at about $45,000. Finally, SJS Investment Consulting Inc. increased its position in shares of Nutanix by 3,122.7% during the third quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock worth $53,000 after acquiring an additional 687 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

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.