Nutanix (NTNX) Stock Rating Upgraded by ValuEngine

Nutanix (NASDAQ:NTNX) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

NTNX has been the subject of a number of other research reports. Vetr raised Nutanix from a “buy” rating to a “strong-buy” rating and set a $32.53 price target for the company in a research report on Tuesday, October 31st. Maxim Group reaffirmed a “buy” rating and set a $51.00 price target on shares of Nutanix in a research report on Friday, December 22nd. Needham & Company LLC initiated coverage on Nutanix in a research report on Wednesday, November 22nd. They set a “buy” rating and a $45.00 price target for the company. Zacks Investment Research cut Nutanix from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $41.00 price target on shares of Nutanix in a research report on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Nutanix presently has a consensus rating of “Buy” and an average target price of $36.00.

Shares of Nutanix (NTNX) opened at $35.60 on Friday. Nutanix has a 52-week low of $14.38 and a 52-week high of $38.80.

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

In other news, CEO Dheeraj Pandey sold 71,400 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $35.33, for a total value of $2,522,562.00. Following the completion of the transaction, the chief executive officer now owns 288,612 shares of the company’s stock, valued at approximately $10,196,661.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David Sangster sold 5,892 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $36.32, for a total value of $213,997.44. Following the completion of the transaction, the executive vice president now directly owns 12,500 shares of the company’s stock, valued at approximately $454,000. The disclosure for this sale can be found here. In the last three months, insiders sold 1,326,667 shares of company stock valued at $47,327,622. Insiders own 19.81% of the company’s stock.

Several hedge funds have recently modified their holdings of NTNX. Focused Wealth Management Inc increased its stake in shares of Nutanix by 107.2% in the 4th quarter. Focused Wealth Management Inc now owns 4,059 shares of the technology company’s stock valued at $143,000 after purchasing an additional 2,100 shares in the last quarter. Delpha Capital Management LLC purchased a new position in shares of Nutanix in the 4th quarter valued at about $104,000. Brown Advisory Inc. increased its stake in shares of Nutanix by 4.4% in the 3rd quarter. Brown Advisory Inc. now owns 76,570 shares of the technology company’s stock valued at $1,714,000 after purchasing an additional 3,254 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in shares of Nutanix by 96.2% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 7,989 shares of the technology company’s stock valued at $282,000 after purchasing an additional 3,918 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Nutanix by 115.4% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,432 shares of the technology company’s stock valued at $262,000 after purchasing an additional 3,982 shares in the last quarter. 38.31% of the stock is owned by institutional investors and hedge funds.

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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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