Nutanix (NASDAQ:NTNX) Trading 7.6% Higher After Analyst Upgrade

Posted by Geri Gentry on May 29th, 2026

Nutanix (NASDAQ:NTNX – Get Free Report)’s share price shot up 7.6% on Friday after JPMorgan Chase & Co. raised their price target on the stock from $44.00 to $50.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Nutanix traded as high as $52.17 and last traded at $52.4990. 1,647,107 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 4,392,643 shares. The stock had previously closed at $48.81.

Several other brokerages have also weighed in on NTNX. Needham & Company LLC increased their price objective on Nutanix from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays increased their price objective on Nutanix from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday. UBS Group raised their price target on Nutanix from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday. William Blair restated a “market perform” rating on shares of Nutanix in a research report on Monday, March 23rd. Finally, Wells Fargo & Company raised their price target on Nutanix from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

View Our Latest Stock Report on Nutanix

Nutanix News Summary

Here are the key news stories impacting Nutanix this week:

Positive Sentiment: Nutanix reported Q3 EPS of $0.47, ahead of estimates, on revenue of $703.1 million versus expectations of $686.3 million, with revenue up 10% year over year. Nutanix Reports Third Quarter Fiscal 2026 Financial Results
Positive Sentiment: Annual recurring revenue increased 15%, and the company said contracts are getting longer, suggesting stronger customer retention and more predictable future revenue. Nutanix Q3 Earnings Top Estimates on Strong Demand and Execution
Positive Sentiment: Nutanix raised FY2026 sales guidance, reinforcing confidence that the momentum from the quarter can continue. Nutanix Q3 Earnings Top Estimates on Strong Demand and Execution
Positive Sentiment: Multiple analysts lifted price targets after the results, including Needham to $60 and Rosenblatt to $60, signaling improved sentiment on the stock. Analyst price target updates
Neutral Sentiment: Nutanix also announced it will present at an upcoming investor conference, which may help keep attention on the name but is not a major fundamental catalyst by itself. Nutanix to Present at Upcoming Investor Conference
Neutral Sentiment: Some firms remained cautious, with JPMorgan and William Blair holding more neutral views despite the upbeat quarter. Analyst rating updates

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. CW Advisors LLC purchased a new stake in Nutanix in the 2nd quarter worth approximately $273,000. Cerity Partners LLC boosted its position in Nutanix by 15.2% during the 2nd quarter. Cerity Partners LLC now owns 83,073 shares of the technology company’s stock worth $6,350,000 after purchasing an additional 10,967 shares during the period. Bank of Nova Scotia boosted its position in Nutanix by 296.5% during the 2nd quarter. Bank of Nova Scotia now owns 41,616 shares of the technology company’s stock worth $3,181,000 after purchasing an additional 31,119 shares during the period. Daiwa Securities Group Inc. boosted its position in Nutanix by 94.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 48,263 shares of the technology company’s stock worth $3,690,000 after purchasing an additional 23,479 shares during the period. Finally, NewEdge Advisors LLC boosted its position in Nutanix by 164.4% during the 2nd quarter. NewEdge Advisors LLC now owns 8,622 shares of the technology company’s stock worth $659,000 after purchasing an additional 5,361 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Trading Up 7.9%

The business’s 50-day moving average is $41.79 and its two-hundred day moving average is $45.45. The stock has a market capitalization of $13.97 billion, a PE ratio of 55.35, a PEG ratio of 5.20 and a beta of 0.54.

Nutanix (NASDAQ:NTNX – Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. Nutanix had a net margin of 10.03% and a negative return on equity of 38.88%. The firm had revenue of $703.07 million during the quarter, compared to analysts’ expectations of $686.34 million. During the same period in the prior year, the company earned $0.22 EPS. The firm’s revenue was up 10.0% on a year-over-year basis. On average, analysts predict that Nutanix will post 0.56 EPS for the current year.

Nutanix Company Profile

(Get Free Report)

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.