Nutanix Inc. (NTNX) Rating Reiterated by William Blair
Nutanix Inc. (NASDAQ:NTNX)‘s stock had its “buy” rating reaffirmed by William Blair in a research note issued on Thursday, August 31st.
A number of other equities research analysts also recently commented on NTNX. Stifel Nicolaus set a $25.00 price objective on Nutanix and gave the company a “hold” rating in a research report on Tuesday, August 15th. Jefferies Group LLC assumed coverage on Nutanix in a research report on Thursday, August 17th. They issued a “buy” rating and a $30.00 price objective for the company. Robert W. Baird reaffirmed a “buy” rating on shares of Nutanix in a research report on Friday, May 26th. Maxim Group reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Nutanix in a research report on Saturday, June 3rd. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $19.00 price objective (up previously from $18.00) on shares of Nutanix in a research report on Monday, May 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. Nutanix currently has an average rating of “Buy” and a consensus price target of $30.96.
Shares of Nutanix (NASDAQ:NTNX) traded down 1.42% during mid-day trading on Thursday, hitting $22.16. The company had a trading volume of 4,589,447 shares. The firm has a 50-day moving average price of $22.06 and a 200 day moving average price of $20.05. The firm’s market capitalization is $3.36 billion. Nutanix has a 12 month low of $14.38 and a 12 month high of $46.78. Nutanix also was the target of some unusual options trading on Monday. Investors bought 10,474 call options on the company. This is an increase of approximately 421% compared to the average daily volume of 2,010 call options.
Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.38) by $0.05. The business had revenue of $226.10 million during the quarter, compared to the consensus estimate of $216 million. Nutanix had a negative return on equity of 248.46% and a negative net margin of 59.72%. The company’s quarterly revenue was up 61.7% on a year-over-year basis. On average, equities research analysts forecast that Nutanix will post ($1.05) earnings per share for the current fiscal year.
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In related news, SVP Rajiv Mirani sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $21.55, for a total value of $431,000.00. Following the transaction, the senior vice president now owns 271,000 shares in the company, valued at $5,840,050. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Duston Williams sold 80,244 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $17.23, for a total value of $1,382,604.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,216,967 shares of company stock worth $46,693,393.
Several large investors have recently added to or reduced their stakes in NTNX. Legal & General Group Plc lifted its stake in shares of Nutanix by 3,147.6% in the second quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after acquiring an additional 8,530 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Nutanix in the second quarter worth about $186,000. First American Bank acquired a new position in shares of Nutanix in the second quarter worth about $205,000. PNC Financial Services Group Inc. acquired a new position in shares of Nutanix in the second quarter worth about $208,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Nutanix in the first quarter worth about $211,000. Institutional investors and hedge funds own 32.20% of the company’s stock.
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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