Nutanix (NASDAQ:NTNX) Now Covered by Rosenblatt Securities

Rosenblatt Securities assumed coverage on shares of Nutanix (NASDAQ:NTNXFree Report) in a research report released on Thursday, MarketBeat.com reports. The brokerage issued a buy rating and a $60.00 price objective on the technology company’s stock.

A number of other analysts have also weighed in on the stock. Bank of America decreased their target price on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Barclays cut their price target on shares of Nutanix from $53.00 to $47.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Needham & Company LLC decreased their price target on shares of Nutanix from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a research report on Friday, March 27th. Finally, Royal Bank Of Canada set a $55.00 price objective on Nutanix in a research note on Wednesday, February 11th. Twelve research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Nutanix presently has an average rating of “Moderate Buy” and an average price target of $62.27.

View Our Latest Report on Nutanix

Nutanix Stock Up 8.0%

NTNX stock opened at $41.10 on Thursday. The stock has a 50-day simple moving average of $39.98 and a two-hundred day simple moving average of $53.61. Nutanix has a twelve month low of $35.39 and a twelve month high of $83.36. The firm has a market capitalization of $10.90 billion, a PE ratio of 44.67, a PEG ratio of 4.07 and a beta of 0.52.

Nutanix (NASDAQ:NTNXGet Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.12. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The firm had revenue of $722.83 million for the quarter, compared to the consensus estimate of $709.83 million. During the same period in the prior year, the firm posted $0.47 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities research analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Nutanix

Hedge funds and other institutional investors have recently bought and sold shares of the stock. New Millennium Group LLC purchased a new stake in shares of Nutanix during the 4th quarter valued at $28,000. V Square Quantitative Management LLC purchased a new position in Nutanix in the fourth quarter worth $39,000. Covestor Ltd grew its position in Nutanix by 73.1% in the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after acquiring an additional 324 shares in the last quarter. Harbour Investments Inc. increased its stake in Nutanix by 159.4% in the fourth quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after acquiring an additional 502 shares during the last quarter. Finally, GW&K Investment Management LLC increased its stake in Nutanix by 78.7% in the fourth quarter. GW&K Investment Management LLC now owns 981 shares of the technology company’s stock valued at $51,000 after acquiring an additional 432 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

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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.

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