Royal Bank Of Canada Reiterates Outperform Rating for Nutanix (NASDAQ:NTNX)

Nutanix (NASDAQ:NTNX)‘s stock had its “outperform” rating reiterated by Royal Bank Of Canada in a note issued to investors on Wednesday,Benzinga reports. They presently have a $55.00 target price on the technology company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 39.28% from the stock’s previous close.

NTNX has been the topic of several other reports. Morgan Stanley cut their price objective on shares of Nutanix from $62.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 24th. Barclays dropped their price target on shares of Nutanix from $53.00 to $47.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Piper Sandler decreased their price target on shares of Nutanix from $72.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Wells Fargo & Company lowered their price objective on shares of Nutanix from $57.00 to $50.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Finally, William Blair restated a “market perform” rating on shares of Nutanix in a report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Nutanix currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.27.

Nutanix Stock Down 0.0%

Shares of NASDAQ:NTNX opened at $39.49 on Wednesday. The company has a market cap of $10.47 billion, a P/E ratio of 43.11, a P/E/G ratio of 4.40 and a beta of 0.52. Nutanix has a 52 week low of $35.39 and a 52 week high of $83.36. The business has a fifty day simple moving average of $39.84 and a 200-day simple moving average of $52.47.

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. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.The firm had revenue of $722.83 million for the quarter, compared to the consensus estimate of $709.83 million. During the same period in the prior year, the business posted $0.47 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Sell-side analysts expect that Nutanix will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of Nutanix

A number of institutional investors have recently added to or reduced their stakes in NTNX. New Millennium Group LLC purchased a new stake in Nutanix during the 4th quarter worth $28,000. V Square Quantitative Management LLC purchased a new stake in Nutanix during the 4th quarter worth $39,000. Covestor Ltd boosted its position in Nutanix by 73.1% during the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after purchasing an additional 324 shares during the period. Harbour Investments Inc. boosted its position in Nutanix by 159.4% during the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock worth $42,000 after purchasing an additional 502 shares during the period. Finally, GW&K Investment Management LLC boosted its position in Nutanix by 78.7% during 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 during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix News Roundup

Here are the key news stories impacting Nutanix this week:

• Positive Sentiment: Rosenblatt Securities published bullish multi-year EPS forecasts and carries a “Strong‑Buy” stance, projecting meaningful EPS growth into FY2027–FY2028 — a signal that some sell‑side investors see stronger profitability ahead for Nutanix.
• Positive Sentiment: The Board approved a $750 million increase to the share repurchase authorization (total ~ $779M available), which is supportive for EPS and signals management confidence in the business. Article Title
• Positive Sentiment: Product and ecosystem announcements at the .NEXT conference expand Nutanix’s addressable market for AI and hybrid‑multicloud: NKP Metal (bare‑metal Kubernetes), Agentic AI platform enhancements, Nutanix Cloud Platform updates, and certified integrations (NetApp, MongoDB). These moves position Nutanix as a vendor for enterprise AI/sovereign cloud and service‑provider workloads. Article Title
• Neutral Sentiment: Morgan Stanley kept a Hold rating and a $53 price target, highlighting near‑term uncertainty from supply‑chain and macro headwinds even while acknowledging Nutanix’s long‑term opportunity — a view that tempers upside for some investors. Article Title
• Negative Sentiment: Shares are down amid market‑wide dynamics and profit‑taking after the flurry of news; some coverage notes the pullback in trading as investors digest the mix of forward‑looking product timelines and near‑term headwinds. Article Title
• Negative Sentiment: Several product features and partner capabilities are early‑access or expected later in 2026; forward‑looking release timing and supply‑chain constraints create execution risk that could weigh on short‑term sentiment. Article Title

Nutanix Company 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.