Nutanix $NTNX Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its stake in Nutanix (NASDAQ:NTNX) by 35.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 845,596 shares of the technology company’s stock after selling 464,268 shares during the period. Legal & General Group Plc’s holdings in Nutanix were worth $43,709,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. New Millennium Group LLC acquired a new stake in shares of Nutanix in the fourth quarter worth approximately $28,000. V Square Quantitative Management LLC acquired a new position in Nutanix during the fourth quarter valued at approximately $39,000. Covestor Ltd lifted its position in Nutanix by 73.1% during the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after buying an additional 324 shares in the last quarter. Optiver Holding B.V. acquired a new position in Nutanix during the third quarter valued at approximately $68,000. Finally, Wilmington Savings Fund Society FSB lifted its position in Nutanix by 135.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock valued at $79,000 after buying an additional 609 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NTNX has been the topic of a number of recent research reports. Needham & Company LLC lifted their price target on shares of Nutanix from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company lifted their price target on shares of Nutanix from $50.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday. Morgan Stanley lifted their price target on shares of Nutanix from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Nutanix from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $60.00 price target (down from $63.00) on shares of Nutanix in a research report on Thursday. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Key Stories Impacting Nutanix

Here are the key news stories impacting Nutanix this week:

• Positive Sentiment: Nutanix reported Q3 revenue of $703.1 million, topping estimates, while EPS of $0.47 also beat expectations. The company said ARR is now above $2.4 billion and recurring revenue grew about 15%, reinforcing the durability of its subscription-driven model. Nutanix: Soaring Backlog And Contract Durations, Modest FCF Multiples
• Positive Sentiment: The company raised FY2026 guidance, now expecting revenue of $2.82 billion to $2.84 billion and free cash flow of $760 million to $780 million, signaling management confidence after the quarter. Nutanix Q3 Earnings Top Estimates on Strong Demand and Execution
• Positive Sentiment: Several analysts lifted price targets after the results, including Rosenblatt, Needham, Barclays, and Morgan Stanley, with some targets reaching $60.00, which helped strengthen sentiment around the stock. Nutanix Analysts Boost Their Forecasts Following Upbeat Q3 Results
• Neutral Sentiment: Nutanix also announced it will present at an upcoming investor conference, which may keep attention on the name but is not a direct operational catalyst. Nutanix to Present at Upcoming Investor Conference
• Negative Sentiment: Some analysts remain cautious despite the beat, with at least one hold/neutral view and JPMorgan’s target still implying downside, suggesting the rally may face valuation-based resistance. Balanced Risk-Reward Keeps Nutanix at Hold Despite Strong Q3 Execution and Growth

Nutanix Stock Up 6.7%

NTNX opened at $52.07 on Friday. The firm has a market capitalization of $13.81 billion, a P/E ratio of 54.81, a P/E/G ratio of 5.82 and a beta of 0.54. The firm’s 50 day moving average is $42.00 and its 200-day moving average is $45.49. Nutanix has a 52-week low of $34.01 and a 52-week high of $82.42.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.12. The company had revenue of $364.94 million for the quarter, compared to analyst estimates of $686.34 million. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 earnings per share. Equities analysts expect that Nutanix will post 0.56 earnings per share for the current fiscal year.

Nutanix Profile

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.