Nutanix Inc. (NTNX) Lowered to “Sell” at ValuEngine

ValuEngine lowered shares of Nutanix Inc. (NASDAQ:NTNX) from a hold rating to a sell rating in a research note published on Thursday morning.

NTNX has been the topic of several other reports. Vetr raised Nutanix from a hold rating to a strong-buy rating and set a $30.51 price objective on the stock in a research note on Monday, October 16th. BTIG Research reissued a hold rating and issued a $22.00 target price on shares of Nutanix in a research report on Friday, September 1st. Zacks Investment Research raised shares of Nutanix from a hold rating to a buy rating and set a $25.00 price target on the stock in a report on Friday, September 8th. JMP Securities reissued an outperform rating and set a $35.00 target price on shares of Nutanix in a research note on Sunday, September 3rd. Finally, Credit Suisse Group reiterated a buy rating and issued a $38.00 price objective on shares of Nutanix in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $30.25.

Shares of Nutanix (NASDAQ NTNX) traded up $0.25 during mid-day trading on Thursday, reaching $28.87. The company had a trading volume of 1,997,500 shares, compared to its average volume of 3,074,125. Nutanix has a 52 week low of $14.38 and a 52 week high of $34.96.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, August 31st. The technology company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.05. The business had revenue of $226.10 million for the quarter, compared to the consensus estimate of $216.00 million. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. Nutanix’s quarterly revenue was up 61.7% on a year-over-year basis. equities analysts predict that Nutanix will post -2.19 earnings per share for the current fiscal year.

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In other news, SVP Rajiv Mirani sold 20,000 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $26.42, for a total transaction of $528,400.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David Sangster sold 27,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $21.13, for a total value of $570,510.00. Following the completion of the sale, the executive vice president now directly owns 103,500 shares in the company, valued at $2,186,955. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 536,891 shares of company stock valued at $12,537,319.

Hedge funds have recently modified their holdings of the business. Thompson Davis & CO. Inc. increased its holdings in shares of Nutanix by 320.0% during the third quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock valued at $118,000 after acquiring an additional 4,000 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Nutanix by 54.7% during the third quarter. Legal & General Group Plc now owns 13,615 shares of the technology company’s stock valued at $305,000 after buying an additional 4,814 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Nutanix by 0.9% during the third quarter. New York State Common Retirement Fund now owns 532,700 shares of the technology company’s stock valued at $11,927,000 after buying an additional 5,000 shares during the last quarter. Jasper Ridge Partners L.P. boosted its position in shares of Nutanix by 9.2% during the third quarter. Jasper Ridge Partners L.P. now owns 68,339 shares of the technology company’s stock valued at $1,530,000 after buying an additional 5,734 shares during the last quarter. Finally, Commonwealth Equity Services Inc boosted its position in shares of Nutanix by 48.0% during the third quarter. Commonwealth Equity Services Inc now owns 22,076 shares of the technology company’s stock valued at $494,000 after buying an additional 7,155 shares during the last quarter. 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.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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