Nutanix Inc. (NTNX) Given a $28.00 Price Target at Piper Jaffray Companies
Nutanix Inc. (NASDAQ:NTNX) has been given a $28.00 price objective by equities researchers at Piper Jaffray Companies in a research note issued on Monday. The brokerage currently has a “buy” rating on the technology company’s stock. Piper Jaffray Companies’ price target would suggest a potential upside of 0.18% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Bank of America Corporation reiterated a “buy” rating and issued a $27.00 price objective on shares of Nutanix in a research note on Thursday, August 31st. William Blair reiterated a “buy” rating on shares of Nutanix in a research note on Thursday, August 31st. Jefferies Group LLC initiated coverage on Nutanix in a research note on Thursday, August 17th. They issued a “buy” rating and a $30.00 price objective on the stock. Robert W. Baird set a $28.00 price objective on Nutanix and gave the company a “buy” rating in a research note on Wednesday, June 28th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $38.00 price objective on shares of Nutanix in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Nutanix has an average rating of “Buy” and a consensus price target of $30.43.
Nutanix (NASDAQ NTNX) traded up 5.63% on Monday, reaching $27.95. The company had a trading volume of 5,597,765 shares. The company has a 50-day moving average of $23.85 and a 200 day moving average of $23.85. Nutanix has a one year low of $14.38 and a one year high of $34.96. The stock’s market cap is $4.33 billion.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.05. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. The company had revenue of $226.10 million for the quarter, compared to analyst estimates of $216.00 million. The firm’s quarterly revenue was up 61.7% on a year-over-year basis. On average, equities research analysts predict that Nutanix will post ($0.94) EPS for the current year.
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In other Nutanix news, insider Sunil Potti sold 10,000 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $26.87, for a total value of $268,700.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David Sangster sold 27,000 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $21.28, for a total value of $574,560.00. Following the completion of the transaction, the executive vice president now owns 116,250 shares in the company, valued at $2,473,800. The disclosure for this sale can be found here. Insiders sold a total of 536,891 shares of company stock worth $12,358,039 over the last quarter.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Washington Capital Management Inc. lifted its stake in shares of Nutanix by 66.7% in the 2nd quarter. Washington Capital Management Inc. now owns 20,000 shares of the technology company’s stock valued at $403,000 after purchasing an additional 8,000 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Nutanix by 6.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 135,605 shares of the technology company’s stock valued at $2,732,000 after purchasing an additional 8,066 shares during the period. Legal & General Group Plc lifted its stake in shares of Nutanix by 3,147.6% in the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after purchasing an additional 8,530 shares during the period. SG Americas Securities LLC acquired a new position in shares of Nutanix in the 2nd quarter valued at $186,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of 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 purchasing an additional 10,119 shares during the period. Hedge funds and other institutional investors own 31.32% 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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