Shares of Nutanix Inc. (NASDAQ:NTNX) have received a consensus rating of “Buy” from the twenty-four analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $31.84.
Several equities research analysts recently commented on NTNX shares. FBN Securities upgraded shares of Nutanix from a “sector perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a research report on Thursday, March 30th. Bank of America Corporation reiterated a “buy” rating and issued a $27.00 price objective on shares of Nutanix in a research report on Tuesday, May 30th. JMP Securities set a $35.00 price objective on shares of Nutanix and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) upgraded shares of Nutanix from a “neutral” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Monday, May 22nd. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $19.00 price objective (up from $18.00) on shares of Nutanix in a research report on Monday, May 29th.
Nutanix (NTNX) traded down 1.33% during trading on Monday, reaching $23.73. 3,908,946 shares of the company’s stock traded hands. Nutanix has a one year low of $14.38 and a one year high of $46.78. The firm’s 50 day moving average price is $19.40 and its 200-day moving average price is $22.00. The stock’s market cap is $3.60 billion.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, May 25th. The technology company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.45) by $0.32. Nutanix had a negative return on equity of 5,196.17% and a negative net margin of 61.32%. The business had revenue of $191.76 million during the quarter, compared to analysts’ expectations of $186.56 million. The company’s revenue was up 67.2% on a year-over-year basis. On average, equities analysts anticipate that Nutanix will post ($1.45) earnings per share for the current fiscal year.
In related news, VP Kenneth W. Long III sold 30,000 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $24.00, for a total transaction of $720,000.00. Following the completion of the sale, the vice president now owns 240,234 shares of the company’s stock, valued at approximately $5,765,616. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Sunil Potti sold 10,000 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $22.57, for a total transaction of $225,700.00. Following the sale, the insider now directly owns 131,382 shares of the company’s stock, valued at approximately $2,965,291.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,563,737 shares of company stock valued at $71,596,568.
A number of hedge funds have recently bought and sold shares of NTNX. Vanguard Group Inc. increased its stake in Nutanix by 65.5% in the first quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock worth $61,480,000 after buying an additional 1,295,813 shares during the period. FMR LLC increased its stake in Nutanix by 14.0% in the first quarter. FMR LLC now owns 2,863,858 shares of the technology company’s stock worth $53,755,000 after buying an additional 351,058 shares during the period. Sapphire Ventures L.L.C. acquired a new stake in Nutanix during the first quarter worth about $51,506,000. Raging Capital Management LLC acquired a new stake in Nutanix during the first quarter worth about $27,315,000. Finally, Macquarie Group Ltd. increased its stake in Nutanix by 418.5% in the fourth quarter. Macquarie Group Ltd. now owns 1,366,367 shares of the technology company’s stock worth $36,291,000 after buying an additional 1,102,841 shares during the period. 18.42% of the stock is owned by hedge funds and other institutional investors.
About Nutanix
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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