Nutanix Inc (NTNX) to Post Q4 2019 Earnings of ($0.78) Per Share, Jefferies Financial Group Forecasts
Nutanix Inc (NASDAQ:NTNX) – Stock analysts at Jefferies Financial Group boosted their Q4 2019 earnings estimates for Nutanix in a research note issued to investors on Thursday, March 21st. Jefferies Financial Group analyst J. Difucci now expects that the technology company will earn ($0.78) per share for the quarter, up from their prior estimate of ($0.79). Jefferies Financial Group also issued estimates for Nutanix’s Q1 2020 earnings at ($0.46) EPS, Q2 2020 earnings at ($0.46) EPS, Q3 2020 earnings at ($0.41) EPS, Q4 2020 earnings at ($0.38) EPS and FY2020 earnings at ($1.72) EPS.
NTNX has been the topic of several other research reports. Deutsche Bank began coverage on shares of Nutanix in a report on Tuesday, March 12th. They issued a “hold” rating on the stock. Stifel Nicolaus cut shares of Nutanix from a “buy” rating to a “hold” rating and cut their price target for the company from $55.00 to $39.00 in a report on Friday, March 1st. Maxim Group cut their price target on shares of Nutanix from $72.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Oppenheimer cut shares of Nutanix from an “outperform” rating to a “market perform” rating in a report on Friday, March 1st. Finally, Royal Bank of Canada cut their price target on shares of Nutanix to $60.00 and set an “outperform” rating on the stock in a report on Monday, November 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. Nutanix has a consensus rating of “Hold” and a consensus target price of $54.53.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, February 28th. The technology company reported ($0.55) earnings per share for the quarter, beating the consensus estimate of ($0.57) by $0.02. The business had revenue of $335.36 million for the quarter, compared to analysts’ expectations of $331.04 million. Nutanix had a negative net margin of 31.41% and a negative return on equity of 90.83%.
In other news, Director John Mcadam sold 15,000 shares of Nutanix stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $40.00, for a total value of $600,000.00. Following the completion of the transaction, the director now owns 54,024 shares of the company’s stock, valued at approximately $2,160,960. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO David Sangster sold 7,917 shares of Nutanix stock in a transaction dated 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 transaction, the chief operating officer now directly 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 have sold 107,038 shares of company stock valued at $4,380,591 in the last three months. Insiders own 14.57% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of NTNX. FMR LLC raised its position in shares of Nutanix by 13.0% in the 4th quarter. FMR LLC now owns 19,000,669 shares of the technology company’s stock worth $790,238,000 after purchasing an additional 2,179,982 shares during the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Nutanix by 136.2% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,587,285 shares of the technology company’s stock worth $107,605,000 after purchasing an additional 1,491,988 shares during the last quarter. Norges Bank purchased a new position in shares of Nutanix in the 4th quarter worth about $57,947,000. BlackRock Inc. raised its position in shares of Nutanix by 26.0% in the 4th quarter. BlackRock Inc. now owns 4,967,842 shares of the technology company’s stock worth $206,611,000 after purchasing an additional 1,024,789 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Nutanix in the 4th quarter worth about $20,251,000. 55.04% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading: Stock Symbol
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