Nutanix (NASDAQ:NTNX) Receives Consensus Rating of “Moderate Buy” from Analysts

Nutanix (NASDAQ:NTNXGet Free Report) has been given an average rating of “Moderate Buy” by the eighteen research firms that are currently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $60.00.

Several analysts have recently weighed in on NTNX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutanix in a report on Friday, March 27th. Wall Street Zen lowered Nutanix from a “buy” rating to a “hold” rating in a research report on Tuesday, March 10th. UBS Group raised their price target on Nutanix from $60.00 to $62.00 and gave the company a “buy” rating in a report on Thursday. Royal Bank Of Canada boosted their price objective on Nutanix from $55.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Barclays increased their target price on Nutanix from $47.00 to $53.00 and gave the stock an “equal weight” rating in a report on Thursday.

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Nutanix Trading Up 6.7%

NASDAQ NTNX opened at $52.07 on Friday. Nutanix has a 1-year low of $34.01 and a 1-year high of $82.42. The stock’s 50 day moving average is $42.00 and its two-hundred day moving average is $45.49. The company has a market capitalization of $13.81 billion, a price-to-earnings ratio of 54.81, a PEG ratio of 5.45 and a beta of 0.54.

Nutanix (NASDAQ:NTNXGet Free Report) last released its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.12. The firm had revenue of $364.94 million during the quarter, compared to analyst estimates of $686.34 million. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 earnings per share. On average, analysts predict that Nutanix will post 0.56 earnings per share for the current year.

More Nutanix News

Here are the key news stories impacting Nutanix this week:

Hedge Funds Weigh In On Nutanix

A number of large investors have recently modified their holdings of NTNX. Crestwood Advisors Group LLC increased its position in Nutanix by 0.4% in the 3rd quarter. Crestwood Advisors Group LLC now owns 43,499 shares of the technology company’s stock valued at $3,236,000 after acquiring an additional 161 shares during the period. Utah Retirement Systems grew its stake in shares of Nutanix by 0.6% in the fourth quarter. Utah Retirement Systems now owns 42,355 shares of the technology company’s stock worth $2,189,000 after purchasing an additional 257 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Nutanix by 5.8% in the first quarter. International Assets Investment Management LLC now owns 4,700 shares of the technology company’s stock valued at $179,000 after purchasing an additional 259 shares during the period. Asset Management One Co. Ltd. raised its position in Nutanix by 0.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 93,016 shares of the technology company’s stock worth $4,868,000 after purchasing an additional 260 shares during the last quarter. Finally, Summit Securities Group LLC raised its position in Nutanix by 26.4% during the 4th quarter. Summit Securities Group LLC now owns 1,356 shares of the technology company’s stock worth $70,000 after purchasing an additional 283 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

About Nutanix

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Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.

Further Reading

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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