Nutanix (NTNX) Stock Rating Lowered by Vetr

Nutanix (NASDAQ:NTNX) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Monday. They currently have a $38.31 target price on the technology company’s stock. Vetr‘s target price indicates a potential upside of 12.35% from the company’s previous close.

A number of other equities research analysts also recently weighed in on NTNX. Needham & Company LLC lifted their price target on shares of Nutanix from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, December 1st. Morgan Stanley boosted their target price on shares of Nutanix from $22.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, December 1st. Oppenheimer boosted their target price on shares of Nutanix to $40.00 and gave the company an “outperform” rating in a research note on Friday, December 1st. Piper Jaffray Companies restated a “buy” rating and issued a $40.00 target price on shares of Nutanix in a research note on Friday, December 1st. Finally, Maxim Group boosted their target price on shares of Nutanix from $39.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $34.71.

Shares of Nutanix (NTNX) opened at $34.10 on Monday. Nutanix has a 52 week low of $14.38 and a 52 week high of $38.28.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.10. Nutanix had a negative net margin of 40.81% and a negative return on equity of 363.55%. The firm had revenue of $275.60 million for the quarter, compared to the consensus estimate of $267.02 million. During the same quarter in the previous year, the company earned ($0.37) earnings per share. The business’s revenue was up 46.1% compared to the same quarter last year. equities research analysts anticipate that Nutanix will post -2.19 earnings per share for the current year.

In other Nutanix news, insider Sunil Potti sold 10,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $21.56, for a total transaction of $215,600.00. Following the completion of the sale, the insider now directly owns 113,603 shares of the company’s stock, valued at approximately $2,449,280.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Sudheesh Nair Vadakkedath sold 50,000 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $34.07, for a total value of $1,703,500.00. Following the sale, the president now directly owns 228,330 shares of the company’s stock, valued at $7,779,203.10. The disclosure for this sale can be found here. Insiders sold 1,791,869 shares of company stock valued at $50,409,588 over the last ninety days. 19.81% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in NTNX. Vanguard Group Inc. raised its holdings in Nutanix by 65.5% during the 1st quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock worth $61,480,000 after purchasing an additional 1,295,813 shares during the last quarter. Geode Capital Management LLC raised its holdings in Nutanix by 12.2% during the 1st quarter. Geode Capital Management LLC now owns 129,489 shares of the technology company’s stock worth $2,430,000 after purchasing an additional 14,097 shares during the last quarter. Morgan Stanley raised its holdings in Nutanix by 1,096.4% during the 1st quarter. Morgan Stanley now owns 249,427 shares of the technology company’s stock worth $4,682,000 after purchasing an additional 228,579 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Nutanix by 54.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 40,683 shares of the technology company’s stock worth $764,000 after purchasing an additional 14,371 shares during the last quarter. Finally, Credit Suisse AG bought a new stake in Nutanix during the 1st quarter worth about $418,000. 35.35% of the stock is owned by hedge funds and other institutional investors.

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Nutanix Company Profile

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.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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