Nutanix Inc. (NTNX) Stock Rating Reaffirmed by Robert W. Baird
Nutanix Inc. (NASDAQ:NTNX)‘s stock had its “buy” rating reiterated by stock analysts at Robert W. Baird in a research note issued on Friday. They presently have a $28.00 price objective on the technology company’s stock. Robert W. Baird’s price objective indicates a potential upside of 26.35% from the stock’s current price.
Several other equities analysts have also recently issued reports on NTNX. Bank of America Corporation reiterated a “buy” rating and set a $27.00 target price on shares of Nutanix in a research report on Thursday, August 31st. Stifel Nicolaus set a $25.00 target price on Nutanix and gave the stock a “hold” rating in a research report on Tuesday, August 15th. KeyCorp reiterated a “buy” rating and set a $32.00 target price on shares of Nutanix in a research report on Friday, September 1st. Jefferies Group LLC assumed coverage on Nutanix in a research report on Thursday, August 17th. They set a “buy” rating and a $30.00 target price on the stock. Finally, Maxim Group reiterated a “buy” rating and set a $41.00 target price on shares of Nutanix in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Nutanix currently has a consensus rating of “Buy” and a consensus price target of $30.96.
Nutanix (NASDAQ:NTNX) traded down 1.42% during trading on Friday, reaching $22.16. The company had a trading volume of 4,589,447 shares. Nutanix has a 52 week low of $14.38 and a 52 week high of $46.78. The firm’s market capitalization is $3.36 billion. The company’s 50-day moving average is $22.06 and its 200 day moving average is $20.05. Nutanix also saw unusually large options trading on Monday. Stock traders purchased 10,474 call options on the stock. This represents an increase of approximately 421% compared to the typical daily volume of 2,010 call options.
Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.05. Nutanix had a negative return on equity of 248.46% and a negative net margin of 59.72%. The company had revenue of $226.10 million for the quarter, compared to analysts’ expectations of $216 million. The business’s revenue was up 61.7% compared to the same quarter last year. Equities analysts anticipate that Nutanix will post ($1.05) EPS for the current year.
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In related news, SVP Rajiv Mirani sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $21.55, for a total value of $431,000.00. Following the sale, the senior vice president now owns 271,000 shares of the company’s stock, valued at approximately $5,840,050. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Sunil Potti sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $21.43, for a total value of $214,300.00. Following the completion of the sale, the insider now directly owns 123,603 shares in the company, valued at approximately $2,648,812.29. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,216,967 shares of company stock worth $46,693,393.
A number of hedge funds have recently bought and sold shares of NTNX. Norges Bank purchased a new stake in Nutanix in the 4th quarter valued at approximately $930,000. Wells Fargo & Company MN lifted its stake in Nutanix by 30.7% in the 1st quarter. Wells Fargo & Company MN now owns 60,584 shares of the technology company’s stock valued at $1,137,000 after buying an additional 14,233 shares in the last quarter. State Treasurer State of Michigan purchased a new stake in Nutanix in the 1st quarter valued at approximately $1,919,000. Bank of New York Mellon Corp lifted its stake in Nutanix by 31.0% in the 1st quarter. Bank of New York Mellon Corp now owns 42,718 shares of the technology company’s stock valued at $802,000 after buying an additional 10,119 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Nutanix by 70.2% in the 1st quarter. Ameriprise Financial Inc. now owns 155,418 shares of the technology company’s stock valued at $2,916,000 after buying an additional 64,102 shares in the last quarter. 32.20% of the stock is currently owned by hedge funds and other institutional investors.
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.
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