Nutanix (NASDAQ:NTNX) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $38.98 price objective on the technology company’s stock. Vetr‘s price target indicates a potential upside of 12.30% from the company’s current price.

A number of other equities research analysts have also weighed in on the company. William Blair restated a “buy” rating on shares of Nutanix in a research note on Thursday, August 31st. JMP Securities restated an “outperform” rating and set a $35.00 price target on shares of Nutanix in a research note on Sunday, September 3rd. ValuEngine lowered Nutanix from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Zacks Investment Research lowered Nutanix from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Oppenheimer restated a “buy” rating and set a $34.00 price target on shares of Nutanix in a research note on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. Nutanix currently has an average rating of “Buy” and an average target price of $34.74.

Shares of Nutanix (NASDAQ NTNX) traded down $1.28 during mid-day trading on Tuesday, hitting $34.71. The stock had a trading volume of 3,451,370 shares, compared to its average volume of 3,164,244. Nutanix has a 1-year low of $14.38 and a 1-year high of $38.28.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.10. Nutanix had a negative return on equity of 363.55% and a negative net margin of 40.81%. The business had revenue of $275.60 million for the quarter, compared to analyst estimates of $267.02 million. During the same quarter in the previous year, the firm earned ($0.37) earnings per share. The company’s revenue was up 46.1% on a year-over-year basis. research analysts forecast that Nutanix will post -1.73 EPS for the current fiscal year.

In other Nutanix news, President Sudheesh Nair Vadakkedath sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $21.88, for a total value of $1,641,000.00. Following the completion of the transaction, the president now directly owns 110,519 shares of the company’s stock, valued at $2,418,155.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Scarpelli sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $35.68, for a total value of $5,352,000.00. Following the completion of the transaction, the director now directly owns 55,300 shares of the company’s stock, valued at $1,973,104. The disclosure for this sale can be found here. Insiders sold 2,018,569 shares of company stock valued at $59,133,248 over the last three months. 19.81% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Scott & Selber Inc. acquired a new position in Nutanix in the third quarter valued at approximately $1,398,000. Ameriprise Financial Inc. raised its stake in shares of Nutanix by 274.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 582,673 shares of the technology company’s stock worth $11,741,000 after buying an additional 427,255 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Nutanix by 3,462.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock worth $14,808,000 after buying an additional 714,257 shares during the period. Geode Capital Management LLC raised its stake in shares of Nutanix by 12.2% during the 1st quarter. Geode Capital Management LLC now owns 129,489 shares of the technology company’s stock worth $2,430,000 after buying an additional 14,097 shares during the period. Finally, Lenox Wealth Management Inc. acquired a new position in shares of Nutanix during the 2nd quarter worth approximately $397,000. 35.35% of the stock is owned by institutional investors.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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