Several other research analysts have also recently issued reports on NTNX. Robert W. Baird reaffirmed a buy rating on shares of Nutanix in a research report on Friday, May 26th. Goldman Sachs Group, Inc. (The) raised Nutanix from a buy rating to a conviction-buy rating and set a $31.00 target price for the company in a report on Friday, July 14th. Maxim Group reissued a buy rating and issued a $41.00 target price on shares of Nutanix in a report on Saturday, June 3rd. Susquehanna Bancshares Inc reissued a neutral rating and issued a $19.00 target price (up from $18.00) on shares of Nutanix in a report on Monday, May 29th. Finally, Piper Jaffray Companies set a $27.00 target price on Nutanix and gave the company a buy rating in a report on Saturday, May 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $31.41.
Nutanix (NTNX) opened at 21.91 on Tuesday. The company’s market cap is $3.32 billion. The firm has a 50-day moving average price of $21.50 and a 200 day moving average price of $21.01. Nutanix has a 12 month low of $14.38 and a 12 month high of $46.78.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, May 25th. The technology company reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by $0.32. The business had revenue of $191.76 million for the quarter, compared to analyst estimates of $186.56 million. Nutanix had a negative return on equity of 395.51% and a negative net margin of 58.39%. The firm’s quarterly revenue was up 67.2% on a year-over-year basis. Equities research analysts predict that Nutanix will post ($1.45) EPS for the current year.
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In other Nutanix news, Director Jeffrey T. Parks sold 1,234,822 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $21.97, for a total transaction of $27,129,039.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Rajiv Mirani sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $17.16, for a total value of $343,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,593,737 shares of company stock valued at $72,410,888.
Hedge funds have recently bought and sold shares of the stock. FMR LLC increased its stake in Nutanix by 320.6% in the second quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock valued at $242,686,000 after buying an additional 9,180,123 shares in the last quarter. Vanguard Group Inc. increased its stake in Nutanix by 65.5% in the first quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock valued at $61,480,000 after buying an additional 1,295,813 shares in the last quarter. Sapphire Ventures L.L.C. bought a new stake in Nutanix during the first quarter valued at approximately $51,506,000. Franklin Resources Inc. bought a new stake in Nutanix during the second quarter valued at approximately $55,063,000. Finally, Raging Capital Management LLC bought a new stake in Nutanix during the first quarter valued at approximately $27,315,000. 19.64% of the stock is owned by hedge funds and other institutional investors.
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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