Shares of Nutanix Inc (NASDAQ:NTNX) gapped down before the market opened on Tuesday after UBS Group downgraded the stock to a neutral rating. The stock had previously closed at $43.51, but opened at $42.69. Nutanix shares last traded at $42.95, with a volume of 123801 shares trading hands.

Other analysts have also issued research reports about the company. Royal Bank of Canada raised their price target on Nutanix to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 13th. JPMorgan Chase & Co. raised Nutanix from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $39.00 to $54.00 in a research note on Thursday, August 30th. Needham & Company LLC raised their price target on Nutanix from $65.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, August 31st. Raymond James raised their price target on Nutanix from $64.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, August 31st. Finally, Morgan Stanley raised their price target on Nutanix from $55.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Friday, August 31st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $57.55.

In other Nutanix news, EVP David Sangster sold 8,371 shares of the stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $49.81, for a total value of $416,959.51. Following the completion of the transaction, the executive vice president now owns 12,500 shares in the company, valued at $622,625. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Sudheesh Nair Vadakkedath sold 40,000 shares of the stock in a transaction on Friday, July 6th. The stock was sold at an average price of $51.85, for a total value of $2,074,000.00. Following the completion of the transaction, the president now owns 139,546 shares of the company’s stock, valued at approximately $7,235,460.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,204 shares of company stock valued at $4,112,852. 19.81% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC raised its holdings in Nutanix by 5.4% in the second quarter. FMR LLC now owns 17,727,613 shares of the technology company’s stock worth $914,213,000 after purchasing an additional 900,523 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Nutanix by 6.7% during the first quarter. BlackRock Inc. now owns 6,269,670 shares of the technology company’s stock valued at $307,903,000 after acquiring an additional 394,331 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Nutanix by 14.7% during the second quarter. Renaissance Technologies LLC now owns 3,068,900 shares of the technology company’s stock valued at $158,263,000 after acquiring an additional 392,700 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Nutanix by 29.2% during the first quarter. JPMorgan Chase & Co. now owns 2,338,382 shares of the technology company’s stock valued at $114,838,000 after acquiring an additional 529,079 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Nutanix by 2.7% during the first quarter. Northern Trust Corp now owns 1,182,220 shares of the technology company’s stock valued at $58,059,000 after acquiring an additional 31,505 shares in the last quarter. Institutional investors and hedge funds own 49.43% of the company’s stock.

The company has a debt-to-equity ratio of 1.19, a current ratio of 3.05 and a quick ratio of 3.05. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of -25.51 and a beta of 0.40.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Thursday, August 30th. The technology company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.37. Nutanix had a negative return on equity of 95.75% and a negative net margin of 25.72%. The firm had revenue of $303.75 million during the quarter, compared to the consensus estimate of $298.30 million. equities analysts forecast that Nutanix Inc will post -2.18 EPS for the current fiscal year.

About Nutanix (NASDAQ:NTNX)

Nutanix, Inc develops and provides an enterprise cloud operating system software. It offers enterprise applications, virtual desktop infrastructure, virtualization and cloud, big data, remote and branch office IT, and data protection and disaster recovery solutions; and hardware platforms and software options; and support and services.

Featured Story: Using the New Google Finance Tool

Receive News & Ratings for Nutanix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix and related companies with MarketBeat.com's FREE daily email newsletter.