Nutanix (NASDAQ:NTNX) released its quarterly earnings results on Thursday. The technology company reported ($0.16) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.10, reports. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The company had revenue of $275.60 million during the quarter, compared to the consensus estimate of $267.02 million. During the same period in the prior year, the firm earned ($0.37) earnings per share. Nutanix’s revenue was up 46.1% on a year-over-year basis. Nutanix updated its Q2 guidance to ($0.20-0.22) EPS.

Shares of Nutanix (NASDAQ:NTNX) opened at $32.80 on Friday. Nutanix has a 1 year low of $14.38 and a 1 year high of $35.00.

A number of brokerages have weighed in on NTNX. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $40.00 target price on shares of Nutanix in a research note on Friday. Vetr cut shares of Nutanix from a “strong-buy” rating to a “buy” rating and set a $33.55 price target for the company. in a research note on Tuesday, November 21st. Robert W. Baird reissued a “buy” rating and issued a $41.00 price objective (up from $31.00) on shares of Nutanix in a research report on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $37.00 price target (up previously from $34.00) on shares of Nutanix in a research report on Friday, November 24th. Finally, Stifel Nicolaus set a $25.00 price target on shares of Nutanix and gave the stock a “hold” rating in a research report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $32.35.

In related news, Director Jeffrey T. Parks sold 30,089 shares of Nutanix stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $29.27, for a total transaction of $880,705.03. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Sangster sold 27,000 shares of Nutanix stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $21.13, for a total value of $570,510.00. Following the transaction, the executive vice president now directly owns 103,500 shares in the company, valued at $2,186,955. The disclosure for this sale can be found here. Insiders have sold 1,818,869 shares of company stock worth $50,980,098 over the last 90 days. 19.81% of the stock is currently owned by company insiders.

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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.

Earnings History for Nutanix (NASDAQ:NTNX)

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