Sheppard Teresa Gayle sold $258K of NTNX

Nutanix (NTNX) stock rose 1.4% after Guggenheim initiated coverage with a Buy rating and $100 price target, citing VMware customer defections and expected revenue growth acceleration. Guggenheim forecasts 17% revenue growth this year, above consensus estimates. The stock reached a session high of $72.42, supported by a broader market rally.

Nutanix (NTNX) shares rose 1.6% after Guggenheim initiated coverage with a Buy rating and $100 price target, citing market share gains against VMware and growth catalysts in cloud and AI. Analyst Howard Ma expects 17% revenue growth this year, accelerating to 20% by 2029, driven by enterprise migrations and adoption of Nutanix Cloud Clusters.

Guggenheim initiated Nutanix (NTNX) with a Buy rating and $100 price target, citing growth potential in annual recurring revenue. The firm expects multiple catalysts to drive the company's performance. According to Guggenheim, Nutanix is positioned for significant growth.

Nutanix (NTNX) reported that President Tarkan Maner stepped down, with commercial operations now under CEO Rajiv Ramaswami. The company completed a $705.29 million share buyback, reducing shares outstanding by 5.15%. Analysts forecast revenue of $3.9 billion and earnings of $584.9 million by 2029, with concerns about competitive pressures and earnings consistency.

Nutanix acquired Ryax Technologies to enhance its AI orchestration capabilities. Ryax's GPU utilization and scheduling tech will be integrated into Nutanix's platforms. The deal aims to simplify AI infrastructure management and improve resource efficiency, addressing GPU shortages and fragmented infrastructure.

Nutanix Inc. (NTNX) acquired Ryax Technologies to enhance its AI infrastructure, addressing GPU bottlenecks. Ryax's tech will integrate into Nutanix's Kubernetes and AI platforms. NTNX reported fiscal 2026 revenue of $2.85B, up 12% YoY, and ARR of $2.55B, up 16%. The stock has risen 36% YTD.