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How to Buy Nutanix Stock

Nutanix Inc

Nutanix, Inc. provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa.

Nutanix stock last closed at $54.01, up 1.66% from the previous day, and has increased 82.53% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.85 percentage points. Nutanix stock is currently +101.38% from its 52-week low of $26.82, and -26.71% from its 52-week high of $73.69.

At the moment, there are 246.64M shares of NTNX outstanding. The market capitalization of NTNX is $13.32B. In the past 24 hours, 1.65M NTNX shares were traded.

How to Buy Nutanix Stock

Wondering how to invest in Nutanix stock? Here's how.
  1. Decide where to buy Nutanix stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you determine where to buy Nutanix stock.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit funds into your investment account: Select your payment method and add your information.
  4. Analyze Nutanix stock: The Nutanix ticker symbol is NTNX. Is Nutanix stock a good investment? Should you buy shares of NTNX? How do NTNX's underlying business fundamentals look? Do top analysts think Nutanix is a good buy? Why has NTNX's stock price moved recently? (Hint: Our stock research tools can help you figure out if NTNX is a good stock to buy).
  5. Execute your NTNX buy order: Decide if you will purchase NTNX shares at the current market price or use a limit order to purchase NTNX shares at a given price.
  6. Keep tabs on your NTNX position: Create a watchlist to important updates regarding your new investment in Nutanix stock.

Step 1: Decide where to buy Nutanix stock

You need a brokerage account to access the NASDAQ market and buy NTNX stock.

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Step 2: Create a brokerage account

Now that you've chosen the right brokerage, it's time to fill out some personal details so you can invest in NTNX stock today.

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Step 3: Deposit funds into your investment account

Now that you've filled out your info on the best stock market app, you need to deposit funds:

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Step 4: Analyze Nutanix stock

Once you have selected the best place to buy Nutanix stock, it's very important to research their stock before you invest, so you truly understand the risk and upside.

Nutanix shares data

NTNX Price
$54.01
1w %
3.13%
1y %
82.53%
5y %
112.55%
P/E
-1,080.2x
P/B
-21.5x
P/S
6.34x
PEG
N/A
Revenue
$2.10B
Earnings
-$11.96M
Fore. Rev. Growth
10.8%
Fore. Earn. Growth
N/A
Market Cap
$13.32B
Next Earnings
N/A
Next Dividend
N/A

Fundamentals of Nutanix

WallStreetZen was built to help average investors perform more in-depth fundamental analysis quickly.

You can see all of the due diligence checks on NTNX's stock page.

Is NTNX stock undervalued or overvalued?

Analysts use many financial metrics, analyses, models, and charts to gauge NTNX's true value.

You can do additional valuation research on NTNX's stock here.

NTNX Financials at a glance

Positive Financial Indicators:

  • NTNX earnings of $10.15M is not sufficient to cover its interest payments.
  • NTNX profit margin has gone up from -22.4% to -0.6% in the past year.
  • There are more short-term assets than short-term liabilities on the NTNX balance sheet.
  • NTNX's operating cash flow of $486.54M allows it to safely service it's debt of $1.37B.

Negative Financial Indicators:

  • There are more long-term liabilities than short-term assets on the NTNX balance sheet.
  • NTNX debt to equity ratio of -5.48 is negative.
  • Total NTNX debt is still negative.

Do Wall Street analysts think it's a good time to buy Nutanix stock

Out of 12 sell side analysts who monitor NTNX, the consensus analyst rating on Nutanix is a Strong Buy

Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.

Most Recent NTNX Analyst Ratings

Pinjalim Bora, a top 21% analyst from JP Morgan maintains NTNX with a strong buy rating and raises their NTNX price target from $70.00 to $80.00, on May 24, 2024.

JP Morgan's Pinjalim Bora raised their price target on Nutanix (NASDAQ: NTNX) by 14.3% from $70 to $80 on 2024/05/24. The analyst maintained their Strong Buy rating on the stock.

Nutanix will report its Q3 2024 earnings on 2024/05/29.

In a note previewing the print, Bora told readers that JP Morgan "is optimistic on the company's fundamentals based on solid positive feedback from a couple of key channel contacts, as well as achievable expectations around numbers."

Nevertheless, the analyst added, their firm cautions that "the setup going into Q3 is a bit tricky, with the share price likely beholden to the expectations game in the near term."

Overall and looking ahead, Bora said that "the demand environment for Nutanix continues to be robust, from core existing customers as well as emerging opportunities around VMware-related opportunities and the Cisco partnership."

Footnotes

Yahoo Finance reports that the current consensus EPS estimate for Nutanix's Q3 is $0.16 which, if achieved, would represent a 300% increase of Q3 2023's $0.04.

Earnings Report

For Q3 2024, Nutanix reported:

  • EPS of $0.28, which beat the Zacks Consensus Estimate of $0.17 and, by 600%, Q3 2023’s $0.04.
  • Revenue of $524.6M, which beat the Zacks Consensus Estimate by 1.64% and, by 17%, Q3 2023’s $448.6M.
  • ACV (Annual Contract Value) billings of $288.9M, up 20% Y/Y.
  • Gross margin of 86.5%, up 250 bps Y/Y.
  • Operating margin of 14.0%, up 10.2 pts Y/Y.
  • Free cash flow of $78.3M, up 48.6% Y/Y.

Management guided:

For Q4 2024:

  • Revenue of $530M to $540M.
  • ACV billings of $295M to $305M.
  • Gross margin of 85% to 86%.
  • Operating margin of 9% to 10%.

For FY 2024:

  • Revenue of $2.13B to $2.14B.
  • ACV billings of $1.12B to $1.13B.
  • Gross margin of ~86%
  • Operating margin of ~15%
  • Free cash flow of $520M to $540M.

President & CEO Rajiv Ramaswami commented: “We delivered solid Q3 results reflecting disciplined execution and the strength of our business model.

“Our recent announcements around modern applications, generative AI, and partnerships reflect our continued focus on driving innovation and broadening our partnerships to further enhance the value proposition of Nutanix Cloud Platform.”

CFO Rukmini Sivaraman added, “Our Q3 results demonstrated a good balance of top and bottom line performance with 24% Y/Y ARR growth and strong YTD free cash flow generation.

“We remain focused on delivering sustainable, profitable growth.”

Meta Marshall, a top 5% analyst from Morgan Stanley maintains NTNX with a hold rating and raises their NTNX price target from $63.00 to $72.00, on May 23, 2024.

Mehdi Hosseini, a top 13% analyst from Susquehanna maintains NTNX with a strong buy rating and raises their NTNX price target from $60.00 to $75.00, on Apr 10, 2024.

Matthew Hedberg, a top 2% analyst from RBC Capital maintains NTNX with a buy rating and raises their NTNX price target from $68.00 to $72.00, on Feb 29, 2024.

Wamsi Mohan, a top 5% analyst from Bank of America maintains NTNX with a strong buy rating and raises their NTNX price target from $55.00 to $65.00, on Feb 29, 2024.

You can dive deeper into what analysts are projecting on the Nutanix stock forecast page.

NTNX Trading Indicators

SMA10
53.3
SMA20
61.09
SMA50
62.58
SMA100
61.49
SMA200
51.05
MACD
-3.49
MACD Signal
-2.73
MACD Histogram
-0.76
RSI
36.76
Stochastic %K
8.8
Stochastic %D
7.99
StochRSI %K
17.38
StochRSI %D
14.29

NTNX Performance Numbers

Last year, NTNX revenue was $2.10B. During the last 5 year, NTNX's revenue has grown by 11.06% per year. This was slower than the Software - Infrastructure industry average of 17.74%.

Learn more about NTNX's earnings and revenue performance here.

Are NTNX insiders buying or selling the stock?

In the past year, insiders at NTNX have sold more shares than they have bought.

Rukmini Sivaraman, Chief Financial Officer of NTNX, was the latest NTNX insider to sell. They sold $2,986,184.55 worth of NTNX shares on Apr 10, 2024.

Get more info about who owns NTNX stock here.

Does NTNX provide a stable income stream?

No, Nutanix doesn't provide an income stream by paying out dividends.

What do other traders have to say about NTNX?

One of the major reasons eToro is our favorite brokerage is because of its social trading community.

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Step 5: Execute your NTNX buy order

There are two primary order types:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are generally fine for most investors.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a particular price, place a limit order.

Hit the Open Trade button and your broker will place your order.

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Step 6: Keep tabs on your NTNX position

Now that you own some NTNX stock, you'll want to keep up with your investment.

Create a watchlist to get alerted to the latest events about your NTNX stock.

NTNX Feed

How to Buy Stock in Nutanix

To reiterate, here are the 6 steps you need to take to buy Nutanix stock right now:

  1. Decide where to buy Nutanix stock
  2. Create a brokerage account
  3. Deposit funds into your investment account
  4. Analyze Nutanix stock
  5. Execute your NTNX buy order
  6. Keep tabs on your NTNX position

If you require a place to buy stocks, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest news on your new investment in Nutanix, click below.

NASDAQ: NTNX
$54.01+0.88 (+1.66%)
Updated Jun 14, 2024
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NASDAQ: NTNX
$54.01+0.88 (+1.66%)
Updated Jun 14, 2024
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FAQ

How much does it cost to buy one Nutanix share?

As of Jun 14, 2024, it costs $54.01 to buy one share of Nutanix stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.185 shares of NTNX.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Nutanix stock?

According to 12 Wall Street analysts who monitor Nutanix, their consensus recommendation is to buy Nutanix stock.

What is the best way to buy Nutanix stock?

One way to place an order for Nutanix stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.