Nutanix (NASDAQ:NTNX) has been assigned a consensus recommendation of “Buy” from the twenty-four research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, two have given a hold rating and nineteen have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $52.53.
A number of research firms recently issued reports on NTNX. Oppenheimer increased their price target on shares of Nutanix from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Nutanix from a “hold” rating to a “sell” rating in a research note on Tuesday. Wells Fargo increased their price target on shares of Nutanix from $60.00 to $65.00 and gave the stock a “positive” rating in a research note on Thursday, May 10th. Robert W. Baird reissued a “buy” rating and issued a $61.00 price target on shares of Nutanix in a research note on Thursday, May 10th. Finally, ValuEngine raised shares of Nutanix from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd.
Get Nutanix alerts:In other news, Director Jeffrey T. Parks sold 1,858,951 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $37.94, for a total transaction of $70,528,600.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Sudheesh Nair Vadakkedath sold 40,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $33.94, for a total transaction of $1,357,600.00. The disclosure for this sale can be found here. Insiders have sold 2,458,246 shares of company stock valued at $99,766,863 in the last ninety days. Insiders own 19.81% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Rhumbline Advisers grew its holdings in shares of Nutanix by 1.6% during the first quarter. Rhumbline Advisers now owns 101,523 shares of the technology company’s stock valued at $4,986,000 after buying an additional 1,595 shares during the last quarter. Baker Avenue Asset Management LP grew its holdings in shares of Nutanix by 7.1% during the first quarter. Baker Avenue Asset Management LP now owns 27,197 shares of the technology company’s stock valued at $1,336,000 after buying an additional 1,798 shares during the last quarter. Osterweis Capital Management Inc. grew its holdings in shares of Nutanix by 1.6% during the first quarter. Osterweis Capital Management Inc. now owns 123,290 shares of the technology company’s stock valued at $6,055,000 after buying an additional 1,910 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Nutanix by 9.0% during the first quarter. Teacher Retirement System of Texas now owns 23,880 shares of the technology company’s stock valued at $1,173,000 after buying an additional 1,972 shares during the last quarter. Finally, Thompson Davis & CO. Inc. grew its holdings in shares of Nutanix by 1,600.0% during the first quarter. Thompson Davis & CO. Inc. now owns 2,125 shares of the technology company’s stock valued at $104,000 after buying an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 43.86% of the company’s stock.
Nutanix traded down $0.06, reaching $58.24, during trading on Friday, Marketbeat Ratings reports. The company had a trading volume of 1,684,475 shares, compared to its average volume of 3,954,870. Nutanix has a 52 week low of $15.85 and a 52 week high of $60.00. The company has a market cap of $9.42 billion, a P/E ratio of -17.49 and a beta of 0.38. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.10 and a quick ratio of 3.10.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, March 1st. The technology company reported ($0.14) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.06. Nutanix had a negative net margin of 33.34% and a negative return on equity of 196.67%. The company had revenue of $286.70 million during the quarter, compared to the consensus estimate of $283.22 million. During the same period in the prior year, the firm earned ($0.28) earnings per share. Nutanix’s revenue was up 44.1% on a year-over-year basis. equities research analysts expect that Nutanix will post -1.59 earnings per share for the current fiscal year.
Nutanix Company Profile
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.
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