Nutanix Inc. to Post Q1 2018 Earnings of ($0.52) Per Share, Jefferies Group Forecasts (NTNX)
Nutanix Inc. (NASDAQ:NTNX) – Analysts at Jefferies Group raised their Q1 2018 EPS estimates for shares of Nutanix in a research note issued to investors on Tuesday. Jefferies Group analyst J. Kisner now expects that the technology company will earn ($0.52) per share for the quarter, up from their previous forecast of ($0.62). Jefferies Group has a “Buy” rating and a $30.00 price target on the stock. Jefferies Group also issued estimates for Nutanix’s Q2 2018 earnings at ($0.49) EPS, Q3 2018 earnings at ($0.46) EPS, Q4 2018 earnings at ($0.39) EPS, FY2018 earnings at ($1.87) EPS, Q1 2019 earnings at ($0.36) EPS, Q2 2019 earnings at ($0.36) EPS, Q3 2019 earnings at ($0.38) EPS, Q4 2019 earnings at ($0.35) EPS and FY2019 earnings at ($1.44) EPS.
Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $216 million. The business’s revenue for the quarter was up 61.7% compared to the same quarter last year.
A number of other analysts have also commented on the stock. Zacks Investment Research raised shares of Nutanix from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Friday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $34.00 target price on shares of Nutanix in a report on Thursday. BTIG Research reaffirmed a “hold” rating and set a $22.00 target price on shares of Nutanix in a report on Friday, September 1st. JMP Securities reaffirmed an “outperform” rating and set a $35.00 target price on shares of Nutanix in a report on Sunday, September 3rd. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $21.00 target price (up previously from $19.00) on shares of Nutanix in a report on Sunday, September 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $30.69.
Shares of Nutanix (NTNX) opened at 22.16 on Friday. Nutanix has a 12 month low of $14.38 and a 12 month high of $46.78. The firm’s market cap is $3.36 billion. The stock’s 50 day moving average price is $22.00 and its 200-day moving average price is $20.06.
In other news, CFO Duston Williams sold 80,244 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $17.23, for a total value of $1,382,604.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Sangster sold 5,890 shares of the business’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $18.06, for a total transaction of $106,373.40. Following the completion of the transaction, the executive vice president now directly owns 114,500 shares of the company’s stock, valued at approximately $2,067,870. The disclosure for this sale can be found here. Insiders sold a total of 2,243,967 shares of company stock valued at $47,263,903 in the last three months.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its position in Nutanix by 320.6% in the 2nd quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock valued at $242,686,000 after acquiring an additional 9,180,123 shares in the last quarter. Vanguard Group Inc. lifted its position in Nutanix by 65.5% in the 1st quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock valued at $61,480,000 after acquiring an additional 1,295,813 shares in the last quarter. Sapphire Ventures L.L.C. bought a new stake in Nutanix in the 1st quarter valued at $51,506,000. Franklin Resources Inc. bought a new stake in Nutanix in the 2nd quarter valued at $55,063,000. Finally, Raging Capital Management LLC bought a new stake in Nutanix in the 1st quarter valued at $27,315,000. 32.20% of the stock is currently owned by institutional investors and hedge funds.
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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