Nutanix (NASDAQ:NTNX) Downgraded to “Hold” Rating by Wall Street Zen

Nutanix (NASDAQ:NTNX) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Other equities research analysts have also recently issued research reports about the stock. KeyCorp dropped their price target on shares of Nutanix from $95.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Bank of America lowered their price target on Nutanix from $93.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a report on Monday, December 29th. JPMorgan Chase & Co. reduced their target price on Nutanix from $78.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Finally, Piper Sandler restated an “overweight” rating and set a $72.00 target price (down previously from $88.00) on shares of Nutanix in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Nutanix has a consensus rating of “Moderate Buy” and an average price target of $67.13.

Nutanix Trading Down 3.6%

Shares of NASDAQ:NTNX opened at $39.84 on Friday. The stock’s 50-day moving average price is $46.25 and its 200-day moving average price is $59.81. Nutanix has a 12-month low of $35.39 and a 12-month high of $83.36. The stock has a market capitalization of $10.77 billion, a P/E ratio of 53.12, a price-to-earnings-growth ratio of 4.28 and a beta of 0.48.

Nutanix (NASDAQ:NTNX) last released its 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 negative return on equity of 32.95% and a net margin of 8.43%.The company had revenue of $670.58 million during the quarter, compared to analyst estimates of $677.23 million. During the same quarter in the previous year, the company posted $0.42 EPS. Nutanix’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, research analysts predict that Nutanix will post 0.31 EPS for the current year.

Hedge Funds Weigh In On Nutanix

Several institutional investors and hedge funds have recently modified their holdings of NTNX. New Millennium Group LLC bought a new position in shares of Nutanix in the fourth quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new position in Nutanix in the 4th quarter valued at approximately $39,000. Covestor Ltd lifted its position in Nutanix by 73.1% in the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after acquiring an additional 324 shares in the last quarter. Harbour Investments Inc. boosted its stake in Nutanix by 159.4% during the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after purchasing an additional 502 shares during the last quarter. Finally, GW&K Investment Management LLC increased its holdings in shares of Nutanix by 78.7% in the 4th quarter. GW&K Investment Management LLC now owns 981 shares of the technology company’s stock worth $51,000 after purchasing an additional 432 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

More Nutanix News

Here are the key news stories impacting Nutanix this week:

• Positive Sentiment: KeyCorp raised Nutanix’s multi‑year earnings outlook — the firm increased FY2026–FY2030 EPS forecasts (notably FY2028–FY2030 upgrades) and reiterated an Overweight rating with a $65 price target, signaling stronger long‑term growth expectations that can support the stock. KeyCorp analyst note / MarketBeat
• Neutral Sentiment: Zacks published an earnings preview (“Countdown to Nutanix Q2”) that compiles Wall Street estimates and key metric forecasts ahead of the quarter — this increases focus on guidance and could boost volatility around the report but does not itself change fundamentals. Countdown to Nutanix (NTNX) Q2 Earnings: Wall Street Forecasts for Key Metrics
• Negative Sentiment: KeyCorp trimmed its Q3 2026 EPS estimate slightly (from $0.24 to $0.23), a nearer‑term downgrade that may weigh on short‑term sentiment despite the longer‑term boosts. KeyCorp analyst note / MarketBeat
• Negative Sentiment: Seeking Alpha’s recent writeup frames Nutanix as having solid free cash flow but otherwise “not very compelling,” which could reinforce cautious narratives around valuation (NTNX trades at a high P/E vs. near‑term EPS consensus) and pressure momentum investors. Nutanix: Solid FCF Subplot, But Not Very Compelling Otherwise

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.