Nutanix (NTNX) Lowered to “Sell” at Vetr

Nutanix (NASDAQ:NTNX) was downgraded by research analysts at Vetr from a “buy” rating to a “sell” rating in a note issued to investors on Tuesday. They presently have a $31.98 price target on the technology company’s stock. Vetr‘s price target indicates a potential downside of 7.22% from the stock’s previous close.

A number of other equities research analysts have also commented on the stock. ValuEngine lowered shares of Nutanix from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Zacks Investment Research lowered shares of Nutanix from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Raymond James Financial raised shares of Nutanix from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a report on Monday, November 6th. JPMorgan Chase & Co. lowered shares of Nutanix from a “neutral” rating to an “underweight” rating and set a $35.00 price objective on the stock. in a report on Thursday, January 25th. Finally, Oppenheimer reissued a “buy” rating and set a $43.00 price objective on shares of Nutanix in a report on Tuesday, January 9th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $36.00.

Shares of Nutanix (NASDAQ:NTNX) opened at $34.47 on Tuesday. Nutanix has a fifty-two week low of $14.38 and a fifty-two week high of $38.80. The firm has a market cap of $5,530.00 and a PE ratio of -14.24.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.10. Nutanix had a negative net margin of 40.81% and a negative return on equity of 271.31%. The business had revenue of $275.60 million for the quarter, compared to analyst estimates of $267.02 million. During the same quarter in the prior year, the firm earned ($0.37) EPS. The firm’s quarterly revenue was up 46.1% compared to the same quarter last year. equities analysts predict that Nutanix will post -1.71 earnings per share for the current year.

In other news, President Sudheesh Nair Vadakkedath sold 40,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $30.35, for a total value of $1,214,000.00. Following the transaction, the president now owns 193,856 shares of the company’s stock, valued at approximately $5,883,529.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Sangster sold 5,892 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $36.32, for a total transaction of $213,997.44. Following the completion of the transaction, the executive vice president now directly owns 12,500 shares in the company, valued at approximately $454,000. The disclosure for this sale can be found here. Insiders sold a total of 1,316,667 shares of company stock worth $46,990,022 in the last ninety days. Insiders own 19.81% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Nutanix by 89.6% in the 4th quarter. BlackRock Inc. now owns 5,875,339 shares of the technology company’s stock valued at $207,282,000 after acquiring an additional 2,776,194 shares during the period. Cramer Rosenthal Mcglynn LLC raised its position in shares of Nutanix by 124.9% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,473,512 shares of the technology company’s stock valued at $51,986,000 after acquiring an additional 818,378 shares during the period. Contour Asset Management LLC acquired a new stake in shares of Nutanix in the 4th quarter valued at approximately $35,868,000. Artemis Investment Management LLP raised its position in shares of Nutanix by 17.9% in the 3rd quarter. Artemis Investment Management LLP now owns 844,784 shares of the technology company’s stock valued at $18,910,000 after acquiring an additional 128,493 shares during the period. Finally, Trinity Street Asset Management LLP acquired a new stake in shares of Nutanix in the 4th quarter valued at approximately $29,363,000. Institutional investors and hedge funds own 38.31% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

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