Nutanix, Inc. (NTNX) Stock Price & Analysis
Nutanix, Inc. (NTNX) closed at USD 69.55 on Thursday, October 22, 2026, down 0.80% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 70.11; the Oct 22, 2026 session ranged USD 68.08–70.49 on volume of 1,803,523 shares. Market capitalization is $18.82B, with a 52-week range of USD 34.01–75.98 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:23 UTC.
Also available as compact Markdown for AI agents: nexqual.com/NTNX.md
Key facts (NTNX)
- Last four reported quarters (through Jul 31, 2026): revenue $2.85B, net income $1.51B (52.8% margin), free cash flow $841M (SEC filings).
- Valuation: P/E 12.5x (avg 64.4x at the last 2 fiscal year-ends), EV/EBITDA 51.7x, net cash $1.01B.
- 1 of 80 tracked superinvestors hold NTNX (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $57.2M; 2 not under a Rule 10b5-1 plan ($7.4M); 0 by opportunistic insiders, 3 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.25 on a 1–5 scale) (16 analysts), mean target USD 77.79 (range 63–90).
- Total return with dividends: 1Y -0.3% vs S&P 500 +14.9%; 5Y +93.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-25, EPS estimate USD 0.6, revenue estimate $762M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (NTNX)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.58B | $1.86B | $2.15B | $2.54B | $2.85B | $2.85B |
| Gross profit | $1.26B | $1.53B | $1.82B | $2.20B | $2.48B | — |
| Operating income | -$459M | -$207M | $7.6M | $173M | $274M | $274M |
| Net income | -$799M | $1.51B | -$125M | $188M | $1.51B | $1.51B |
| EPS (diluted) | -$3.62 | -$1.09 | -$0.51 | $0.65 | $5.17 | — |
| Free cash flow | $18.5M | $207M | $598M | $750M | $841M | $841M |
| Gross margin | 79.7% | 82.2% | 84.9% | 86.8% | 86.8% | — |
| Operating margin | -29.0% | -11.1% | 0.4% | 6.8% | 9.6% | 9.6% |
| Net margin | -50.5% | 80.9% | -5.8% | 7.4% | 52.8% | 52.8% |
| Revenue growth | +13.4% | +17.8% | +15.3% | +18.1% | +12.4% | — |
| Cash + short-term investments | $1.32B | $1.44B | $994M | $1.99B | $2.36B | — |
| Total debt | $1.16B | $1.22B | $570M | $1.34B | $1.35B | — |
Fiscal years end Jul. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 31, 2026) (NTNX)
P/E 12.5x · P/S 6.6x · EV/EBITDA 51.7x · EV/Sales 6.2x · P/FCF 22.4x · P/B 26.8x · FCF yield 4.47% · Earnings yield 8.01% · Buyback yield (TTM) 2.57% · Net cash $1.01B · EV $17.8B
P/E at fiscal year-ends: Jul 2026 11.4x, Jul 2025 117.4x.
Superinvestors (SEC 13F-HR, Q2 2026) (NTNX)
1 of 80 tracked investors hold NTNX. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Terry Smith | Fundsmith | 0.20% | $27.4M | Reduced -6.8% |
Insider sales (SEC Form 4, open-market, last ~7 months) (NTNX)
4 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-12 | Sivaraman Rukmini | Chief Financial Officer | 232,712 | $17.3M | 71.5% | Yes (adopted July 10, 2026) | Routine (sold in Jun & Sep each year 2023–2025; this trade is outside those months) |
| 2026-10-09 | Sheppard Teresa Gayle | Director | 3,500 | $258K | 13% | Yes (adopted July 10, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-10-06…2026-10-07 | Ramaswami Rajiv | Chief Executive Officer | 400,000 | $29.5M | 49.1% | Yes (adopted July 7, 2026) | Routine (sold in Jun each year 2023–2025; this trade is outside those months) |
| 2026-09-24 | Maner Tarkan | President and CCO | 69,778 | $4.8M | 67.5% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-17 | Sivaraman Rukmini | Chief Financial Officer | 38,139 | $2.7M | 10.5% | Yes (adopted July 9, 2025) | Routine (sold in Jun & Sep each year 2023–2025) |
| 2026-05-29…2026-06-01 | Maner Tarkan | President and CCO | 49,259 | $2.7M | 47.2% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (NTNX)
Consensus Buy (mean 2.25 on a 1–5 scale), 16 analysts; mean target USD 77.79 (low 63, high 90).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-28 | Needham | Target raised | Buy | $85 → $90 |
| 2026-08-28 | Barclays | Target raised | Equal-Weight | $53 → $75 |
| 2026-08-27 | Piper Sandler | Target raised | Overweight | $60 → $75 |
| 2026-08-27 | RBC Capital | Target raised | Outperform | $84 → $90 |
| 2026-08-27 | Oppenheimer | Target raised | Outperform | $80 → $85 |
| 2026-08-27 | Wells Fargo | Target raised | Equal-Weight | $55 → $65 |
| 2026-08-27 | Morgan Stanley | Target raised | Equal-Weight | $55 → $63 |
| 2026-08-27 | Keybanc | Target raised | Overweight | $75 → $79 |
| 2026-08-27 | Needham | Target raised | Buy | $60 → $85 |
| 2026-08-25 | UBS | Target raised | Buy | $62 → $80 |
| 2026-08-25 | Rosenblatt | Target raised | Buy | $60 → $75 |
| 2026-08-24 | Keybanc | Target raised | Overweight | $65 → $75 |
Total return (dividends reinvested) (NTNX)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -0.3% | +93.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -0.3% | +14.1% |
| Volatility (annualized) | 47.0% | 46.7% |
| Max drawdown | -52.5% (Nov 2025→Apr 2026) | -59.8% (Oct 2021→Jul 2022) |
NTNX revenue by product line (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Subscription & Circulation | $719.1M | 95.0% | +16.7% |
| Product | $388.4M | 51.3% | +14.3% |
| Subscriptionand Circulation Software Termbased Licenses | $370.2M | 48.9% | +16.5% |
| Service | $368.7M | 48.7% | +17.6% |
| Subscriptionand Circulation Software Entitlementand Support Subscription | $349.0M | 46.1% | +17.0% |
| Professional Services | $38.0M | 5.0% | +1.8% |
| Total revenue | $757.1M | 100% | — |
NTNX revenue by region (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $402.4M | 53.1% | +10.8% |
| EMEA | $223.8M | 29.6% | +23.9% |
| Asia Pacific | $115.5M | 15.2% | +18.0% |
| Other Americas | $15.4M | 2.0% | +33.3% |
| Total revenue | $757.1M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
NTNX suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Amazon (AMZN) | “AOS can be run on virtual machines such as AHV and in containers such as AWS EKS, enabling customers to leverage AOS storage for both virtualized and containerized applications.” |
| Partner | Super Micro Computer (SMCI) | “NAI provides inferencing on CNCF Kubernetes, running across public clouds, data centers, the edge, neoclouds, and OEM partner platforms (such as Cisco, Dell, and Supermicro), complete with Day 2 operations, security, and resilience.” |
| Partner | Dell Technologies (DELL) | “NAI provides inferencing on CNCF Kubernetes, running across public clouds, data centers, the edge, neoclouds, and OEM partner platforms (such as Cisco, Dell, and Supermicro), complete with Day 2 operations, security, and resilience.” |
| Partner | Cisco (CSCO) | “NAI provides inferencing on CNCF Kubernetes, running across public clouds, data centers, the edge, neoclouds, and OEM partner platforms (such as Cisco, Dell, and Supermicro), complete with Day 2 operations, security, and resilience.” |
| Partner | AMD (AMD) | “We have also developed and announced strategic technology partnerships that bring together best-in-class solutions across the ecosystem into integrated offerings and demonstrated interoperability and support for our customers, including partnerships with Advanced Micro Devices, Inc., Citrix Systems, Inc., Intel Corporation, NVIDIA Corporation, Omnissa, LLC, and Palo Alto Networks, Inc. In addition, we work closely…” |
| Partner | Citrix Systems | “We have also developed and announced strategic technology partnerships that bring together best-in-class solutions across the ecosystem into integrated offerings and demonstrated interoperability and support for our customers, including partnerships with Advanced Micro Devices, Inc., Citrix Systems, Inc., Intel Corporation, NVIDIA Corporation, Omnissa, LLC, and Palo Alto Networks, Inc. In addition, we work closely…” |
| Partner | Intel (INTC) | “We have also developed and announced strategic technology partnerships that bring together best-in-class solutions across the ecosystem into integrated offerings and demonstrated interoperability and support for our customers, including partnerships with Advanced Micro Devices, Inc., Citrix Systems, Inc., Intel Corporation, NVIDIA Corporation, Omnissa, LLC, and Palo Alto Networks, Inc. In addition, we work closely…” |
| Partner | NVIDIA (NVDA) | “We have also developed and announced strategic technology partnerships that bring together best-in-class solutions across the ecosystem into integrated offerings and demonstrated interoperability and support for our customers, including partnerships with Advanced Micro Devices, Inc., Citrix Systems, Inc., Intel Corporation, NVIDIA Corporation, Omnissa, LLC, and Palo Alto Networks, Inc. In addition, we work closely…” |
| Partner | Omnissa | “We have also developed and announced strategic technology partnerships that bring together best-in-class solutions across the ecosystem into integrated offerings and demonstrated interoperability and support for our customers, including partnerships with Advanced Micro Devices, Inc., Citrix Systems, Inc., Intel Corporation, NVIDIA Corporation, Omnissa, LLC, and Palo Alto Networks, Inc. In addition, we work closely…” |
| Partner | Palo Alto Networks Inc (PANW) | “We have also developed and announced strategic technology partnerships that bring together best-in-class solutions across the ecosystem into integrated offerings and demonstrated interoperability and support for our customers, including partnerships with Advanced Micro Devices, Inc., Citrix Systems, Inc., Intel Corporation, NVIDIA Corporation, Omnissa, LLC, and Palo Alto Networks, Inc. In addition, we work closely…” |
| Competitor | Broadcom (AVGO) | “software providers that offer virtualization, containerization, agentic AI, virtual networking and security, software defined storage, infrastructure and management and control plane products to build and operate enterprise and hybrid clouds, such as VMware by Broadcom, Microsoft, and Red Hat;” |
| Competitor | Microsoft (MSFT) | “software providers that offer virtualization, containerization, agentic AI, virtual networking and security, software defined storage, infrastructure and management and control plane products to build and operate enterprise and hybrid clouds, such as VMware by Broadcom, Microsoft, and Red Hat;” |
| Competitor | Alphabet (Google) (GOOGL) | “providers of public cloud infrastructure and SaaS-based offerings, such as AWS, Google Cloud, Oracle Cloud, and Azure; and” |
| Competitor | Oracle (ORCL) | “providers of public cloud infrastructure and SaaS-based offerings, such as AWS, Google Cloud, Oracle Cloud, and Azure; and” |
| Competitor | Hewlett Packard Enterprise (HPE) | “traditional IT systems vendors, such as Dell, Everpure, Inc., Fujitsu, HPE, Hitachi Vantara, Lenovo, Inc., NetApp, Inc., and Huawei Technologies Co., Ltd., many of which offer integrated systems that bundle servers, storage and networking solutions, as well as standalone server and storage products.” |
| Competitor | Lenovo | “traditional IT systems vendors, such as Dell, Everpure, Inc., Fujitsu, HPE, Hitachi Vantara, Lenovo, Inc., NetApp, Inc., and Huawei Technologies Co., Ltd., many of which offer integrated systems that bundle servers, storage and networking solutions, as well as standalone server and storage products.” |
Quoted from the company's 10-K filed Sep 18, 2026.
Companies that name NTNX in their SEC reports
| Relationship to NTNX | Company | Filing | Sentence |
|---|---|---|---|
| customer | ChronoScale Holdings Corp (CHRN) | 10-K Aug 19, 2026 | “The partnership is expected to enable enterprises to extend Nutanix on-premises environments into our GPU-as-a-Service capacity, access pre-paid inference through ChronoScale Token Factory, and deploy ChronoScale Foundry for agentic AI workflows within their own environments.” |
NTNX customer concentration
In the period ended Jul 31, 2026, 6 direct customers each accounted for at least 10% (22%, 17%, 15%, 10%, 1%, 1%) of revenue, per the company's 10-K filed Sep 18, 2026. The company does not name them.
NTNX analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Oct 2026) | $0.60 | $0.50 | +21.0% | $762.4M | 15 |
| Next quarter (ends Jan 2027) | $0.63 | $0.62 | +1.8% | $820.7M | 15 |
| Current fiscal year (ends Jul 2027) | $2.32 | $2.19 | +6.1% | $3.22B | 16 |
| Next fiscal year (ends Jul 2028) | $2.67 | $2.55 | +4.9% | $3.66B | 15 |
Key Statistics (as of October 23, 2026 at 09:23 UTC)
| Price | USD 69.55 |
|---|---|
| Change | ▼ 0.80% (down) |
| Previous Close | USD 70.11 |
| Open | USD 70 |
| Day Range | USD 68.08 – 70.49 |
| 52-Week Range | USD 34.01 – 75.98 |
| Volume | 1,803,523 shares |
| Market Cap | $18.82B |
| Exchange | NMS |
Technical Analysis (NTNX)
Nexqual's technical model rates NTNX "NEUTRAL" based on 3 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:23 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 48.18 (neutral) |
| vs SMA50 | Above (USD 68.94) |
| MACD | 0.16 (positive) |
Analyst Ratings (NTNX)
Wall Street analysts rate NTNX "Buy" based on 16 analysts, with a mean price target of USD 77.79 (range USD 63–90), per Nexqual as of October 23, 2026 at 09:23 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 16 |
| Mean Target | USD 77.79 |
| High Target | USD 90 |
| Low Target | USD 63 |
| Buy / Hold / Sell | 9 / 7 / 0 |
Earnings (NTNX)
| Next Earnings Date | 2026-11-25 |
|---|---|
| EPS Estimate | USD 0.6 |
| Revenue Estimate | $762.44M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-07-31 | USD 0.6 vs est 0.49 ▲ beat |
| 2026-04-30 | USD 0.47 vs est 0.35 ▲ beat |
| 2026-01-31 | USD 0.56 vs est 0.44 ▲ beat |
| 2025-10-31 | USD 0.41 vs est 0.41 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financials & Fundamentals (NTNX)
| Total Revenue | $2.85B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +15.90% |
| Gross Margin | +86.93% |
| Operating Margin | +12.89% |
| Profit Margin | +52.81% |
| ROE | +37460.21% |
| Debt / Equity | 2.17 |
| Current Ratio | 1.8 |
| Total Cash | $2.36B |
| Total Debt | $1.52B |
| Free Cash Flow (last four quarters to Jul 2026, SEC 10-Q / 10-K) | $840.67M (29.5% of revenue) |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financial Health Score (NTNX)
Nexqual rates Nutanix, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:23 UTC.
| Growth | Solid — Revenue +12% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 87%, operating 13% (last 12 months) |
| Balance Sheet | Weak — $2.36B cash and investments vs $1.35B debt (Jul 2026, SEC), net cash |
| Cash Flow | Strong — FCF $841M (last 4 quarters to Jul 2026, SEC), 29% margin |
| Efficiency | Strong — ROE 37460%, ROA 4.5% |
Ownership (NTNX)
| Insider Ownership | +1.81% |
|---|---|
| Institutional Ownership | +95.41% |
| Shares Outstanding | 270.57M |
| Float | 251.76M |
| Short % of Float | +5.97% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Leadership (NTNX)
Nutanix, Inc. is led by Rajiv Ramaswami, CEO & Director, per Nexqual as of October 23, 2026 at 09:23 UTC.
| CEO & Director | Rajiv Ramaswami |
|---|---|
| Principal Accounting Officer & CFO | Rukmini Sivaraman |
| Executive Vice President of Product Management | Thomas Cornely |
| Managing Director of Sales - India & SAARC | Faiz Shakir |
| Executive Vice President of Engineering | Shyam Desirazu |
Major Backers & Investors (NTNX)
Notable institutional backers of Nutanix, Inc. include FMR, LLC, Fidelity, AQR Capital Management, LLC, according to Nexqual as of October 23, 2026 at 09:23 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 14.52% |
| Fidelity | 7.8% |
| AQR Capital Management, LLC | 6.52% |
| Goldman Sachs | 3.5% |
| Generation Investment Management LLP | 2.46% |
| Jericho Capital Asset Management, LP | 2.08% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 10.18% |
| Vanguard Group | 9.14% |
| State Street | 3.01% |
| BNY Mellon | 2.09% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
From Nutanix, Inc.'s Latest SEC 10-K Filing (filed 2026-09-18)
Key Strengths & Strategy (as disclosed to the SEC)
- The Nutanix Cloud Platform supports a broader range of architectures, applications and deployment models, across public clouds (including AWS, Azure, and Google Cloud), datacenters, and edge.
- The Nutanix Cloud Platform runs on a variety of qualified hardware platforms, in popular public cloud environments such as Amazon Web Services ("AWS"), Microsoft Azure ("Azure") and Google Cloud through NC2, or, in the case of our cloud-based software and software-as-a-service ("SaaS") offerings, via hosted service.
- NC2 extends our platform to AWS, Azure, Google Cloud and OVHcloud, enabling organizations to run and manage workloads across private and public cloud environments with a consistent operating model.
- Nutanix Cloud Infrastructure (NCI) is a distributed HCI for enterprise IT applications.
Partnerships
- Our agreement with Supermicro automatically renews annually in May for successive one-year periods thereafter, with the option to terminate upon each annual renewal.
- Key drivers of profitable growth include landing new customers, a growing base of renewals, expansions with existing customers, leveraging our partner and alliance ecosystem, and a continued focus on improving operational efficiencies across sales, marketing, and research and development.
Legal & Regulatory Risks (Item 1A, quoted)
- Any legal proceedings or claims we may be involved in could be costly and time-consuming to defend and could harm our reputation regardless of their outcome.
- Failure to comply with applicable laws and regulations could result in fines, penalties and reputational harm and could also cause us to lose end customers, including in the public sector, or negatively impact our ability to contract with the public sector.
- Failure to comply with anti-corruption and anti-money laundering laws, including the U.S. Foreign Corrupt Practices Act of 1977, as amended, and similar laws associated with our activities outside of the United States could subject us to penalties and other adverse consequences.
- Changes in global tax laws could increase our worldwide tax rate and could have a material adverse effect on our business, cash flow, results of operations or financial conditions.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| TOST | Toast, Inc. | USD 33.42 | ▲ 2.7% |
| KSPI | Joint Stock Company Kaspi.kz - | USD 90.53 | ▼ 3.19% |
| CHKP | Check Point Software Technologi | USD 151.98 | ▲ 5.96% |
| GEN | Gen Digital Inc. | USD 24.89 | ▲ 3.19% |
| GDDY | GoDaddy Inc. | USD 114.73 | ▲ 6.02% |
| RBRK | Rubrik, Inc. | USD 120.75 | ▲ 0.31% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:23 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt