Nutanix (NASDAQ:NTNX) had its target price trimmed by Jefferies Financial Group from $49.00 to $40.00 in a report released on Friday, The Fly reports. The firm currently has a buy rating on the technology company’s stock.

NTNX has been the subject of several other reports. Bank of America restated a buy rating and issued a $51.00 price objective (down from $63.00) on shares of Nutanix in a research note on Friday, March 1st. ValuEngine lowered Nutanix from a buy rating to a hold rating in a research note on Friday, March 1st. BTIG Research reduced their price objective on Nutanix to $50.00 and set a buy rating for the company in a research note on Friday, March 1st. Oppenheimer lowered Nutanix from an outperform rating to a market perform rating in a research note on Friday, March 1st. Finally, Zacks Investment Research upgraded Nutanix from a hold rating to a buy rating and set a $48.00 price objective for the company in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $42.58.

NASDAQ:NTNX opened at $27.09 on Friday. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $5.08 billion, a PE ratio of -16.03 and a beta of 1.62. Nutanix has a one year low of $25.50 and a one year high of $64.87.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Thursday, May 30th. The technology company reported ($1.08) EPS for the quarter, missing the consensus estimate of ($0.96) by ($0.12). The company had revenue of $287.60 million during the quarter, compared to analysts’ expectations of $297.20 million. Nutanix had a negative return on equity of 121.03% and a negative net margin of 41.47%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the company earned ($0.21) earnings per share. Sell-side analysts expect that Nutanix will post -2.95 EPS for the current fiscal year.

In other Nutanix news, insider Tyler Wall sold 12,132 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $41.23, for a total value of $500,202.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO David Sangster sold 7,917 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $35.99, for a total value of $284,932.83. Following the completion of the sale, the chief operating officer now owns 7,917 shares of the company’s stock, valued at approximately $284,932.83. The disclosure for this sale can be found here. Insiders sold a total of 35,049 shares of company stock valued at $1,385,135 in the last quarter. 14.57% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Marshall Wace North America L.P. bought a new stake in Nutanix during the first quarter worth approximately $770,000. Marshall Wace LLP raised its position in Nutanix by 373.2% during the first quarter. Marshall Wace LLP now owns 28,182 shares of the technology company’s stock valued at $1,064,000 after purchasing an additional 22,227 shares during the period. Diversified Trust Co lifted its stake in shares of Nutanix by 34.8% in the 1st quarter. Diversified Trust Co now owns 7,535 shares of the technology company’s stock valued at $284,000 after purchasing an additional 1,945 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Nutanix by 48.0% during the 1st quarter. Nordea Investment Management AB now owns 164,459 shares of the technology company’s stock valued at $6,207,000 after purchasing an additional 53,313 shares during the last quarter. Finally, Crosslink Capital Inc. bought a new position in shares of Nutanix during the 1st quarter valued at approximately $3,152,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Nutanix Company Profile

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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