Nutanix Inc (NASDAQ:NTNX) Given Average Recommendation of “Hold” by Brokerages

Nutanix Inc (NASDAQ:NTNX) has been assigned an average recommendation of “Hold” from the twenty-three research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $41.75.

A number of research firms have recently weighed in on NTNX. Piper Jaffray Companies set a $360.00 target price on Ulta Beauty and gave the stock a “buy” rating in a report on Friday, May 31st. Morgan Stanley dropped their target price on Zuora from $22.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, May 31st. OTR Global started coverage on Nutanix in a research note on Thursday, May 16th. They issued a “neutral” rating for the company. Stifel Nicolaus dropped their price target on Micron Technology from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Finally, William Blair reaffirmed a “buy” rating on shares of CELYAD SA/ADR in a research note on Monday, May 13th.

NTNX stock traded down $0.18 during midday trading on Friday, reaching $24.64. 108,005 shares of the company were exchanged, compared to its average volume of 3,710,438. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.41 and a quick ratio of 2.41. The stock’s 50-day simple moving average is $27.05. Nutanix has a one year low of $24.61 and a one year high of $63.38. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of -14.60 and a beta of 1.36.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Thursday, May 30th. The technology company reported ($1.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.96) by ($0.12). Nutanix had a negative return on equity of 127.35% and a negative net margin of 41.47%. The firm had revenue of $287.60 million for the quarter, compared to analyst estimates of $297.20 million. During the same period in the prior year, the business posted ($0.21) EPS. The firm’s quarterly revenue was up .0% compared to the same quarter last year. On average, research analysts expect that Nutanix will post -3.28 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC raised its stake in Nutanix by 26.6% during the fourth quarter. Advisory Services Network LLC now owns 1,203 shares of the technology company’s stock worth $50,000 after acquiring an additional 253 shares in the last quarter. Virginia Retirement Systems ET AL raised its stake in Nutanix by 1.9% during the first quarter. Virginia Retirement Systems ET AL now owns 16,000 shares of the technology company’s stock worth $604,000 after acquiring an additional 300 shares in the last quarter. First Republic Investment Management Inc. raised its stake in Nutanix by 4.5% during the first quarter. First Republic Investment Management Inc. now owns 8,182 shares of the technology company’s stock worth $309,000 after acquiring an additional 355 shares in the last quarter. Chartwell Investment Partners LLC raised its stake in Nutanix by 3.4% during the first quarter. Chartwell Investment Partners LLC now owns 11,959 shares of the technology company’s stock worth $451,000 after acquiring an additional 390 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in Nutanix by 8.2% during the fourth quarter. Prudential Financial Inc. now owns 6,600 shares of the technology company’s stock worth $274,000 after acquiring an additional 500 shares in the last quarter. 60.51% of the stock is owned by hedge funds and other institutional investors.

About Nutanix

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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