William Blair Weighs in on Nutanix Inc.’s Q1 2019 Earnings (NTNX)

Nutanix Inc. (NASDAQ:NTNX) – William Blair issued their Q1 2019 EPS estimates for Nutanix in a research report issued to clients and investors on Tuesday. William Blair analyst J. Ader anticipates that the technology company will earn ($0.48) per share for the quarter. William Blair has a “Buy” rating on the stock. William Blair also issued estimates for Nutanix’s Q2 2019 earnings at ($0.47) EPS, Q3 2019 earnings at ($0.42) EPS and Q4 2019 earnings at ($0.33) EPS.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.38) by $0.05. The firm had revenue of $226.10 million for the quarter, compared to analyst estimates of $216.00 million. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. Nutanix’s quarterly revenue was up 61.7% compared to the same quarter last year.

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Other analysts have also issued reports about the stock. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $34.00 price target on shares of Nutanix in a research report on Friday. BTIG Research reiterated a “neutral” rating on shares of Nutanix in a research report on Monday, July 3rd. Piper Jaffray Companies reiterated an “overweight” rating and issued a $28.00 price target on shares of Nutanix in a research report on Thursday, September 14th. Jefferies Group LLC began coverage on shares of Nutanix in a research report on Thursday, August 17th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $34.00 price target on shares of Nutanix in a research report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $30.28.

In related news, VP Kenneth W. Long III sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $24.00, for a total transaction of $720,000.00. Following the transaction, the vice president now owns 240,234 shares of the company’s stock, valued at $5,765,616. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Sangster sold 27,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $21.28, for a total transaction of $574,560.00. Following the transaction, the executive vice president now directly owns 116,250 shares in the company, valued at approximately $2,473,800. The disclosure for this sale can be found here. Insiders have sold 506,891 shares of company stock worth $11,443,839 in the last three months.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its stake in shares of Nutanix by 6.3% during the second quarter. Public Employees Retirement System of Ohio now owns 135,605 shares of the technology company’s stock valued at $2,732,000 after buying an additional 8,066 shares during the period. Fairfield Bush & CO. purchased a new position in shares of Nutanix during the second quarter valued at approximately $2,760,000. California State Teachers Retirement System lifted its stake in shares of Nutanix by 107.0% during the second quarter. California State Teachers Retirement System now owns 61,700 shares of the technology company’s stock valued at $1,243,000 after buying an additional 31,900 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Nutanix by 661.5% during the second quarter. The Manufacturers Life Insurance Company now owns 30,383 shares of the technology company’s stock valued at $612,000 after buying an additional 26,393 shares during the period. Finally, State Street Corp lifted its stake in shares of Nutanix by 146.7% during the second quarter. State Street Corp now owns 547,995 shares of the technology company’s stock valued at $11,042,000 after buying an additional 325,821 shares during the period. 31.48% of the stock is currently owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Nutanix (NASDAQ:NTNX)

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