Nutanix (NASDAQ:NTNX) has been given an average recommendation of “Buy” by the twenty-five research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, seventeen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $50.84.
A number of research analysts have recently issued reports on the stock. Wells Fargo raised their price target on shares of Nutanix from $43.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, March 2nd. Vetr cut shares of Nutanix from a “hold” rating to a “sell” rating and set a $52.09 price objective on the stock. in a report on Monday. Oppenheimer reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Nutanix in a report on Tuesday, January 9th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Nutanix in a report on Friday, March 2nd. Finally, Goldman Sachs cut shares of Nutanix from a “conviction-buy” rating to a “buy” rating in a report on Friday, March 23rd.
In other Nutanix news, President Sudheesh Nair Vadakkedath sold 40,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $30.35, for a total transaction of $1,214,000.00. Following the transaction, the president now owns 193,856 shares of the company’s stock, valued at approximately $5,883,529.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Kenneth W. Long III sold 32,002 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $54.36, for a total transaction of $1,739,628.72. Following the transaction, the chief accounting officer now directly owns 185,256 shares in the company, valued at approximately $10,070,516.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,736,304 shares of company stock worth $108,421,885. 19.81% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. acquired a new position in Nutanix during the 4th quarter valued at about $374,000. Fairfield Bush & CO. boosted its position in shares of Nutanix by 11.6% during the 4th quarter. Fairfield Bush & CO. now owns 152,175 shares of the technology company’s stock valued at $5,368,000 after purchasing an additional 15,775 shares in the last quarter. Rehmann Capital Advisory Group bought a new position in shares of Nutanix during the 4th quarter valued at about $381,000. Xact Kapitalforvaltning AB bought a new position in shares of Nutanix during the 4th quarter valued at about $229,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Nutanix during the 4th quarter valued at about $4,557,000. 43.33% of the stock is currently owned by hedge funds and other institutional investors.
Nutanix stock opened at $55.69 on Wednesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.10 and a current ratio of 3.10. Nutanix has a 1 year low of $14.38 and a 1 year high of $56.00. The stock has a market capitalization of $8,775.69, a PE ratio of -16.72 and a beta of 0.38.
Nutanix (NASDAQ:NTNX) last posted 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 for the quarter, compared to the consensus estimate of $283.22 million. During the same period last year, the firm posted ($0.28) EPS. The company’s revenue for the quarter was up 44.1% on a year-over-year basis. research analysts expect that Nutanix will post -1.59 earnings per share for the current year.
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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