Q1 2018 EPS Estimates for Nutanix Inc. (NTNX) Boosted by Analyst
Nutanix Inc. (NASDAQ:NTNX) – Stock analysts at William Blair upped their Q1 2018 earnings estimates for shares of Nutanix in a research report issued on Wednesday. William Blair analyst J. Ader now anticipates that the technology company will earn ($0.58) per share for the quarter, up from their previous forecast of ($0.65). William Blair currently has a “Buy” rating on the stock. William Blair also issued estimates for Nutanix’s Q2 2018 earnings at ($0.59) EPS, Q3 2018 earnings at ($0.57) EPS, Q4 2018 earnings at ($0.51) EPS, FY2018 earnings at ($2.24) EPS and FY2019 earnings at ($1.70) EPS.
A number of other brokerages also recently commented on NTNX. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $34.00 target price on shares of Nutanix in a research note on Thursday. Zacks Investment Research upgraded Nutanix from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Friday. Piper Jaffray Companies restated a “buy” rating and issued a $28.00 target price (up from $27.00) on shares of Nutanix in a research note on Thursday, August 31st. Morgan Stanley lifted their target price on Nutanix from $19.00 to $22.00 and gave the company a “weight” rating in a research note on Friday, September 1st. Finally, Robert W. Baird restated a “buy” rating and issued a $28.00 target price on shares of Nutanix in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $30.69.
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Shares of Nutanix (NASDAQ:NTNX) opened at 21.73 on Monday. Nutanix has a one year low of $14.38 and a one year high of $46.78. The stock’s market cap is $3.32 billion. The firm’s 50-day moving average price is $21.93 and its 200 day moving average price is $20.07.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share 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 the consensus estimate of $216 million. The company’s revenue for the quarter was up 61.7% on a year-over-year basis.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc lifted its position in 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 purchasing an additional 8,530 shares during the period. SG Americas Securities LLC bought a new position in shares of Nutanix in the second quarter valued at $186,000. First American Bank bought a new position in shares of Nutanix in the second quarter valued at $205,000. PNC Financial Services Group Inc. bought a new position in shares of Nutanix in the second quarter valued at $208,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Nutanix in the first quarter valued at $211,000. Hedge funds and other institutional investors own 32.20% of the company’s stock.
In other Nutanix news, EVP David Sangster sold 27,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $21.13, for a total value of $570,510.00. Following the completion of the sale, the executive vice president now directly owns 103,500 shares in the company, valued at $2,186,955. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kenneth W. Long III sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $24.00, for a total value of $720,000.00. Following the completion of the sale, the vice president now owns 240,234 shares of the company’s stock, valued at $5,765,616. The disclosure for this sale can be found here. Insiders sold 2,163,723 shares of company stock valued at $45,881,299 over the last 90 days.
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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