Nutanix Inc. (NTNX) Receives $30.93 Consensus PT from Brokerages
Nutanix Inc. (NASDAQ:NTNX) has been given an average recommendation of “Buy” by the twenty-six research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $31.39.
Several equities research analysts have recently issued reports on NTNX shares. Credit Suisse Group reaffirmed a “buy” rating and set a $38.00 target price on shares of Nutanix in a research report on Friday, July 28th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $28.00 target price (up from $27.00) on shares of Nutanix in a research report on Thursday, August 31st. Robert W. Baird reaffirmed a “buy” rating and set a $28.00 target price on shares of Nutanix in a research report on Friday, September 1st. Maxim Group reaffirmed a “buy” rating and set a $41.00 target price on shares of Nutanix in a research report on Friday, September 1st. Finally, KeyCorp reaffirmed a “buy” rating and set a $32.00 target price on shares of Nutanix in a research report on Friday, September 1st.
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In related news, insider Sunil Potti sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $21.56, for a total transaction of $215,600.00. Following the transaction, the insider now directly owns 113,603 shares of the company’s stock, valued at approximately $2,449,280.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David Sangster sold 27,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $21.13, for a total value of $570,510.00. Following the transaction, the executive vice president now directly owns 103,500 shares in the company, valued at $2,186,955. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,738,869 shares of company stock valued at $48,256,598. Corporate insiders own 19.81% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Belpointe Asset Management LLC purchased a new position in shares of Nutanix during the 3rd quarter valued at about $453,000. Janney Montgomery Scott LLC purchased a new position in shares of Nutanix during the 3rd quarter valued at about $441,000. Cubist Systematic Strategies LLC purchased a new position in shares of Nutanix during the 3rd quarter valued at about $1,117,000. Granahan Investment Management Inc. MA raised its holdings in shares of Nutanix by 24.5% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 126,645 shares of the technology company’s stock valued at $2,836,000 after buying an additional 24,907 shares in the last quarter. Finally, First Allied Advisory Services Inc. purchased a new position in shares of Nutanix during the 3rd quarter valued at about $215,000. 32.81% of the stock is currently owned by institutional investors.
Nutanix (NASDAQ:NTNX) traded up $2.98 during midday trading on Friday, reaching $33.18. The company had a trading volume of 7,208,242 shares, compared to its average volume of 3,025,631. Nutanix has a twelve month low of $14.38 and a twelve month high of $34.75.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.05. The business had revenue of $226.10 million during the quarter, compared to analyst estimates of $216.00 million. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. Nutanix’s revenue was up 61.7% compared to the same quarter last year. equities analysts anticipate that Nutanix will post -2.19 earnings per share for the current fiscal year.
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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