Nutanix Inc. (NTNX) Given Average Rating of “Buy” by Brokerages
Nutanix Inc. (NASDAQ:NTNX) has been assigned an average rating of “Buy” from the twenty-four research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, fourteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $31.84.
Several analysts have commented on NTNX shares. Maxim Group reissued a “buy” rating and set a $41.00 price target on shares of Nutanix in a research report on Friday, May 26th. Pacific Crest reaffirmed an “overweight” rating and issued a $30.00 price objective on shares of Nutanix in a research report on Tuesday, May 30th. JMP Securities set a $35.00 price objective on shares of Nutanix and gave the company a “buy” rating in a research report on Tuesday, April 18th. Stifel Nicolaus reaffirmed a “neutral – hold” rating on shares of Nutanix in a research report on Friday, June 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of Nutanix in a research report on Sunday, May 28th.
Shares of Nutanix (NTNX) traded up 0.87% on Friday, reaching $20.88. 653,478 shares of the company’s stock traded hands. Nutanix has a 12-month low of $14.38 and a 12-month high of $46.78. The stock has a 50-day moving average price of $21.10 and a 200-day moving average price of $21.38. The company’s market cap is $3.16 billion.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, May 25th. The technology company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by $0.32. The firm had revenue of $191.76 million for the quarter, compared to analysts’ expectations of $186.56 million. Nutanix had a negative net margin of 61.32% and a negative return on equity of 5,196.17%. Nutanix’s revenue for the quarter was up 67.2% compared to the same quarter last year. Equities research analysts anticipate that Nutanix will post ($1.45) EPS for the current fiscal year.
In other Nutanix news, VP Kenneth W. Long III sold 30,000 shares of the firm’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 completion of the transaction, the vice president now directly owns 240,234 shares of the company’s stock, valued at approximately $5,765,616. The transaction 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 firm’s stock in a transaction that occurred on Monday, July 31st. The stock was 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 of the company’s stock, valued at $2,473,800. The disclosure for this sale can be found here. Insiders have sold a total of 3,563,737 shares of company stock valued at $71,765,588 over the last three months.
A number of institutional investors have recently bought and sold shares of NTNX. PNC Financial Services Group Inc. acquired a new position in Nutanix during the second quarter worth about $208,000. Nationwide Fund Advisors acquired a new position in Nutanix during the second quarter worth about $400,000. Ameriprise Financial Inc. raised its position in Nutanix by 274.9% in the second quarter. Ameriprise Financial Inc. now owns 582,673 shares of the technology company’s stock worth $11,741,000 after buying an additional 427,255 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Nutanix by 150.7% in the second quarter. TIAA CREF Investment Management LLC now owns 372,341 shares of the technology company’s stock worth $7,503,000 after buying an additional 223,791 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in Nutanix by 2,217.7% in the second quarter. Teachers Advisors LLC now owns 385,160 shares of the technology company’s stock worth $7,761,000 after buying an additional 368,542 shares in the last quarter. 19.16% of the stock is owned by institutional investors.
Nutanix Company Profile
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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