Nutanix Inc. (NTNX) Earns “Hold” Rating from BTIG Research
Nutanix Inc. (NASDAQ:NTNX)‘s stock had its “hold” rating reiterated by equities research analysts at BTIG Research in a report released on Friday. They presently have a $22.00 price target on the technology company’s stock. BTIG Research’s price target suggests a potential downside of 0.72% from the stock’s current price.
Other research analysts have also recently issued reports about the stock. Piper Jaffray Companies set a $27.00 target price on shares of Nutanix and gave the company a “buy” rating in a report on Saturday, May 27th. Maxim Group reaffirmed a “buy” rating and issued a $41.00 target price on shares of Nutanix in a report on Saturday, June 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $34.00 target price on shares of Nutanix in a report on Friday, June 30th. Jefferies Group LLC began coverage on shares of Nutanix in a research note on Thursday, August 17th. They set a “buy” rating and a $30.00 price objective for the company. Finally, Robert W. Baird set a $28.00 price objective on shares of Nutanix and gave the stock a “buy” rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Nutanix currently has a consensus rating of “Buy” and a consensus target price of $30.96.
Shares of Nutanix (NTNX) traded down 1.42% during mid-day trading on Friday, reaching $22.16. The company’s stock 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 company’s 50-day moving average is $22.06 and its 200-day moving average is $20.05. The stock’s market capitalization is $3.36 billion. Nutanix also was the recipient of some unusual options trading activity on Monday. Investors bought 10,474 call options on the company. This represents an increase of approximately 421% compared to the typical 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. Nutanix had a negative net margin of 59.72% and a negative return on equity of 248.46%. The firm had revenue of $226.10 million during the quarter, compared to the consensus estimate of $216 million. The business’s revenue was up 61.7% on a year-over-year basis. Equities analysts predict that Nutanix will post ($1.05) EPS for the current year.
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In related news, SVP Rajiv Mirani sold 4,600 shares of Nutanix stock in a transaction on Monday, June 26th. The shares were sold at an average price of $20.02, for a total transaction of $92,092.00. Following the transaction, the senior vice president now owns 255,600 shares in the company, valued at approximately $5,117,112. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kenneth W. Long III sold 30,000 shares of Nutanix stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $24.00, for a total transaction of $720,000.00. Following the transaction, the vice president now owns 240,234 shares in the company, valued at approximately $5,765,616. The disclosure for this sale can be found here. Insiders have sold a total of 2,216,967 shares of company stock worth $46,693,393 in the last 90 days.
Several large investors have recently bought and sold shares of NTNX. Legal & General Group Plc lifted its holdings in shares of Nutanix by 3,147.6% during the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after acquiring an additional 8,530 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Nutanix during the 2nd quarter worth $186,000. First American Bank purchased a new stake in Nutanix during the 2nd quarter worth $205,000. PNC Financial Services Group Inc. purchased a new stake in Nutanix during the 2nd quarter worth $208,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Nutanix during the 1st quarter worth $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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