Oppenheimer Holdings, Inc. reaffirmed their buy rating on shares of Nutanix Inc. (NASDAQ:NTNX) in a research report released on Thursday. The brokerage currently has a $34.00 price objective on the technology company’s stock.
Several other research analysts have also recently issued reports on the stock. BTIG Research reaffirmed a hold rating and issued a $22.00 target price on shares of Nutanix in a report on Friday, September 1st. JMP Securities reaffirmed an outperform rating and issued a $35.00 target price on shares of Nutanix in a report on Sunday, September 3rd. Susquehanna Bancshares Inc reaffirmed a neutral rating and issued a $21.00 target price (up from $19.00) on shares of Nutanix in a report on Sunday, September 3rd. Piper Jaffray Companies reaffirmed a buy rating and issued a $28.00 target price (up from $27.00) on shares of Nutanix in a report on Thursday, August 31st. Finally, Robert W. Baird reaffirmed a buy rating and issued a $28.00 target price on shares of Nutanix in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $30.69.
Shares of Nutanix (NTNX) opened at 21.73 on Thursday. The company’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 12 month low of $14.38 and a 12 month high of $46.78.
Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.38) by $0.05. The business had revenue of $226.10 million during the quarter, compared to analysts’ expectations of $216 million. Nutanix had a negative net margin of 59.72% and a negative return on equity of 248.46%. The firm’s revenue for the quarter was up 61.7% compared to the same quarter last year. On average, equities analysts predict that Nutanix will post ($1.01) earnings per share for the current year.
In related news, EVP David Sangster sold 5,890 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $18.06, for a total transaction of $106,373.40. Following the completion of the sale, the executive vice president now directly owns 114,500 shares in the company, valued at $2,067,870. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Rajiv Mirani sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $17.16, for a total transaction of $343,200.00. The disclosure for this sale can be found here. Insiders have sold 2,163,723 shares of company stock valued at $45,881,299 over the last 90 days.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blair William & Co. IL bought a new stake in Nutanix during the first quarter valued at approximately $342,000. Geode Capital Management LLC grew its position in Nutanix by 12.2% during the first quarter. Geode Capital Management LLC now owns 129,489 shares of the technology company’s stock valued at $2,430,000 after buying an additional 14,097 shares during the period. Stifel Financial Corp bought a new stake in Nutanix during the first quarter valued at approximately $546,000. AlpInvest Partners B.V. bought a new stake in Nutanix during the first quarter valued at approximately $962,000. Finally, Pier Capital LLC bought a new stake in Nutanix during the second quarter valued at approximately $3,077,000. Institutional investors own 32.20% of the company’s stock.
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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