Nutanix (NTNX) Earns “Buy” Rating from Oppenheimer
Several other analysts have also recently issued reports on the company. Vetr cut Nutanix from a strong-buy rating to a buy rating and set a $31.00 target price for the company. in a research report on Tuesday, October 24th. Piper Jaffray Companies reiterated an overweight rating and set a $28.00 target price on shares of Nutanix in a research report on Thursday, September 14th. Robert W. Baird reiterated a buy rating and set a $28.00 target price on shares of Nutanix in a research report on Tuesday, September 19th. Zacks Investment Research upgraded Nutanix from a hold rating to a buy rating and set a $38.00 target price for the company in a research report on Wednesday, December 6th. Finally, Wells Fargo & Co assumed coverage on Nutanix in a research report on Tuesday, November 14th. They set an outperform rating and a $40.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Nutanix currently has a consensus rating of Buy and an average price target of $35.30.
Shares of Nutanix (NASDAQ NTNX) traded down $0.11 on Tuesday, reaching $37.84. The company’s stock had a trading volume of 1,919,500 shares, compared to its average volume of 4,230,000. The stock has a market capitalization of $6,070.00 and a PE ratio of -15.64. Nutanix has a fifty-two week low of $14.38 and a fifty-two week high of $38.80.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The business had revenue of $275.60 million during the quarter, compared to analysts’ expectations of $267.02 million. Nutanix had a negative return on equity of 113.75% and a negative net margin of 22.31%. The business’s quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.37) earnings per share. equities analysts forecast that Nutanix will post -1.71 earnings per share for the current fiscal year.
In other news, CEO Dheeraj Pandey sold 71,400 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $35.33, for a total value of $2,522,562.00. Following the completion of the sale, the chief executive officer now directly owns 288,612 shares of the company’s stock, valued at approximately $10,196,661.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Sudheesh Nair Vadakkedath sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $36.87, for a total value of $1,474,800.00. Following the completion of the sale, the president now directly owns 193,856 shares of the company’s stock, valued at $7,147,470.72. The disclosure for this sale can be found here. Insiders have sold a total of 2,219,670 shares of company stock valued at $71,006,839 in the last 90 days. 19.81% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. Brown Advisory Inc. lifted its stake in shares of Nutanix by 4.4% in the 3rd quarter. Brown Advisory Inc. now owns 76,570 shares of the technology company’s stock valued at $1,714,000 after purchasing an additional 3,254 shares during the last quarter. Thompson Davis & CO. Inc. lifted its stake in shares of Nutanix by 320.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock valued at $118,000 after purchasing an additional 4,000 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Nutanix by 54.7% in the 3rd quarter. Legal & General Group Plc now owns 13,615 shares of the technology company’s stock valued at $305,000 after purchasing an additional 4,814 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Nutanix by 0.9% in the 3rd quarter. New York State Common Retirement Fund now owns 532,700 shares of the technology company’s stock valued at $11,927,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Jasper Ridge Partners L.P. lifted its stake in shares of Nutanix by 9.2% in the 3rd quarter. Jasper Ridge Partners L.P. now owns 68,339 shares of the technology company’s stock valued at $1,530,000 after purchasing an additional 5,734 shares during the last quarter. 34.13% of the stock is owned by institutional investors and hedge funds.
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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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