Nutanix’s (NTNX) “Buy” Rating Reiterated at Oppenheimer Holdings, Inc.
Oppenheimer Holdings, Inc. reiterated their buy rating on shares of Nutanix Inc. (NASDAQ:NTNX) in a report issued on Friday. The firm currently has a $34.00 price objective on the technology company’s stock.
Several other equities analysts have also recently issued reports on the stock. William Blair reissued a buy rating on shares of Nutanix in a research note on Thursday, August 31st. JMP Securities reissued an outperform rating and issued a $35.00 price objective on shares of Nutanix in a research note on Sunday, September 3rd. Bank of America Corporation boosted their price objective on shares of Nutanix from $30.00 to $35.00 and gave the company a buy rating in a research note on Monday, September 18th. Piper Jaffray Companies reissued an overweight rating and issued a $28.00 price objective on shares of Nutanix in a research note on Thursday, September 14th. Finally, Robert W. Baird reissued a buy rating and issued a $28.00 price objective on shares of Nutanix in a research note on Tuesday, September 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Nutanix presently has an average rating of Buy and an average target price of $30.43.
Nutanix (NASDAQ NTNX) opened at 26.54 on Friday. The firm’s 50-day moving average is $23.25 and its 200-day moving average is $23.25. The firm’s market cap is $4.11 billion. Nutanix has a 52 week low of $14.38 and a 52 week high of $34.96.
Nutanix (NASDAQ:NTNX) last announced its 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 for the quarter, compared to analysts’ expectations of $216.00 million. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The firm’s revenue was up 61.7% compared to the same quarter last year. On average, equities analysts anticipate that Nutanix will post ($0.94) earnings per share for the current year.
In other Nutanix news, EVP David Sangster sold 27,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $21.28, for a total transaction of $574,560.00. Following the sale, the executive vice president now directly owns 116,250 shares in the company, valued at approximately $2,473,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kenneth W. Long III sold 30,000 shares of the business’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $24.00, for a total transaction of $720,000.00. Following the sale, the vice president now owns 240,234 shares in the company, valued at $5,765,616. The disclosure for this sale can be found here. Insiders have sold a total of 536,891 shares of company stock worth $12,280,939 over the last 90 days.
Several institutional investors have recently added to or reduced their stakes in NTNX. Legal & General Group Plc boosted its position in shares of Nutanix by 3,147.6% in the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after buying an additional 8,530 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Nutanix in the 2nd quarter worth about $186,000. First American Bank purchased a new stake in shares of Nutanix in the 2nd quarter worth about $205,000. PNC Financial Services Group Inc. purchased a new stake in shares of Nutanix in the 2nd quarter worth about $208,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Nutanix in the 1st quarter worth about $211,000. Institutional investors and hedge funds own 31.48% of the company’s stock.
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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