Shares of Nutanix Inc. (NASDAQ:NTNX) have received a consensus rating of “Buy” from the twenty-five ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $30.69.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Nutanix from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Friday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $34.00 target price on shares of Nutanix in a research note on Thursday. BTIG Research reaffirmed a “hold” rating and set a $22.00 target price on shares of Nutanix in a research note on Friday, September 1st. JMP Securities reaffirmed an “outperform” rating and set a $35.00 target price on shares of Nutanix in a research note on Sunday, September 3rd. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $21.00 target price (up from $19.00) on shares of Nutanix in a research note on Sunday, September 3rd.
In related news, SVP Rajiv Mirani sold 20,000 shares of Nutanix stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $17.16, for a total value of $343,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sunil Potti sold 55,000 shares of Nutanix stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $17.33, for a total transaction of $953,150.00. Following the completion of the transaction, the insider now owns 144,165 shares of the company’s stock, valued at approximately $2,498,379.45. The disclosure for this sale can be found here. Insiders sold a total of 2,243,967 shares of company stock worth $47,263,903 over the last three months.
Several hedge funds have recently made changes to their positions in NTNX. Legal & General Group Plc grew its holdings in shares of Nutanix by 3,147.6% in the second quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after purchasing an additional 8,530 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Nutanix in the second quarter valued at approximately $186,000. First American Bank acquired a new position in shares of Nutanix in the second quarter valued at approximately $205,000. PNC Financial Services Group Inc. acquired a new position in shares of Nutanix in the second quarter valued at approximately $208,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Nutanix in the first quarter valued at approximately $211,000. Hedge funds and other institutional investors own 32.20% of the company’s stock.
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Shares of Nutanix (NASDAQ NTNX) traded down 1.94% during trading on Tuesday, reaching $21.73. 2,353,803 shares of the company traded hands. The stock’s market capitalization is $3.32 billion. The firm has a 50 day moving average of $21.93 and a 200 day moving average of $20.07. Nutanix has a 52 week low of $14.38 and a 52 week high of $46.78.
Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.05. The firm had revenue of $226.10 million for the quarter, compared to the consensus estimate of $216 million. Nutanix had a negative net margin of 59.72% and a negative return on equity of 248.46%. Nutanix’s quarterly revenue was up 61.7% on a year-over-year basis. On average, equities analysts predict that Nutanix will post ($1.00) EPS for the current year.
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.
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