Nutanix (NASDAQ:NTNX) Price Target Lowered to $60.00 at Bank of America

Nutanix (NASDAQ:NTNX) had its price objective decreased by Bank of America from $75.00 to $60.00 in a report published on Thursday morning,Benzinga reports. Bank of America currently has a buy rating on the technology company’s stock.

NTNX has been the topic of several other reports. Wells Fargo & Company cut their target price on Nutanix from $57.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Thursday. Royal Bank Of Canada set a $55.00 price objective on Nutanix in a report on Wednesday, February 11th. Piper Sandler restated an “overweight” rating and issued a $72.00 price objective (down from $88.00) on shares of Nutanix in a research note on Wednesday, November 26th. JPMorgan Chase & Co. dropped their target price on Nutanix from $78.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a report on Monday, December 29th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.43.

Nutanix Stock Up 4.0%

NTNX opened at $39.97 on Thursday. The company has a market cap of $10.81 billion, a P/E ratio of 43.45, a price-to-earnings-growth ratio of 4.18 and a beta of 0.48. The firm’s 50-day moving average price is $45.38 and its 200-day moving average price is $58.94. Nutanix has a 52-week low of $35.39 and a 52-week high of $83.36.

Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.12. The company had revenue of $722.83 million for the quarter, compared to the consensus estimate of $709.83 million. Nutanix had a net margin of 9.95% and a negative return on equity of 39.30%. Nutanix’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 EPS. On average, research analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Nutanix

Hedge funds have recently modified their holdings of the company. New Millennium Group LLC purchased a new position in shares of Nutanix in the 4th quarter valued at about $28,000. SJS Investment Consulting Inc. grew its holdings in Nutanix by 3,122.7% in the third quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock valued at $53,000 after purchasing an additional 687 shares during the period. Itau Unibanco Holding S.A. increased its position in shares of Nutanix by 33.0% in the second quarter. Itau Unibanco Holding S.A. now owns 749 shares of the technology company’s stock valued at $57,000 after buying an additional 186 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Nutanix in the fourth quarter valued at approximately $39,000. Finally, Covestor Ltd raised its stake in shares of Nutanix by 73.1% during the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after buying an additional 324 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix News Summary

Here are the key news stories impacting Nutanix this week:

• Positive Sentiment: Strategic AI deal with AMD — AMD agreed to a multi‑year AI infrastructure partnership and will invest in Nutanix common stock (reported as a ~$150M equity purchase at about $36.26/share), plus up to $100M in joint engineering/go‑to‑market support. The deal boosts NTNX’s credibility in enterprise AI infrastructure and is the main positive catalyst lifting the stock. Quiver Quant: Nutanix jumps as AMD takes strategic stake
• Positive Sentiment: Q2 results beat — Nutanix reported fiscal Q2 revenue of $722.8M and adjusted EPS $0.56, topping consensus on both metrics and showing ~10% YoY revenue growth, which supports the bull case that demand (especially AI/customer migrations) is intact. GlobeNewswire: Q2 results
• Positive Sentiment: Unusually heavy call buying — Volume in call options spiked (~7,474 calls), signaling speculative or hedged bullish interest from traders following the earnings/AMD news. (Market micro signal; not a fundamentals change.)
• Neutral Sentiment: Investor events — Management will present at the Morgan Stanley TMT Conference on March 2, which gives investors another forum for management to amplify the AMD strategy and roadmap. GlobeNewswire: Investor conference
• Negative Sentiment: Near‑term guidance & supply constraints — Nutanix trimmed/issued revenue guidance for the upcoming quarter (Q3 revenue guide $680–$690M vs. consensus ≈ $701M) and cited supply constraints that could cap near‑term growth despite strong bookings; this is the main drag on the stock’s forward outlook. Seeking Alpha: Demand surge running into supply constraints
• Negative Sentiment: Analyst revisions are mixed to negative — Several firms adjusted price targets and forecasts after Q2: UBS raised its target (buy), but multiple firms (Barclays, Bank of America, Piper Sandler among others) modified targets/forecasts, with some downgrades to estimates that reflect near‑term execution risk. These conflicting signals create short‑term volatility. Benzinga: Analysts cut forecasts
• Negative Sentiment: Insider selling and mixed institutional repositioning — Recent disclosures show insider sales and large institutional rebalances noted by data aggregators, which can amplify downside if selling momentum builds.

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.