KeyCorp Research Analysts Lower Earnings Estimates for Nutanix Inc (NTNX)
Nutanix Inc (NASDAQ:NTNX) – Stock analysts at KeyCorp reduced their Q3 2018 earnings per share estimates for shares of Nutanix in a research report issued on Wednesday. KeyCorp analyst A. Kurtz now forecasts that the technology company will earn ($0.53) per share for the quarter, down from their prior estimate of ($0.49). KeyCorp currently has a “Overweight” rating and a $42.00 target price on the stock. KeyCorp also issued estimates for Nutanix’s Q4 2018 earnings at ($0.47) EPS, FY2018 earnings at ($1.90) EPS, Q1 2019 earnings at ($0.46) EPS, Q2 2019 earnings at ($0.37) EPS, Q3 2019 earnings at ($0.31) EPS, Q4 2019 earnings at ($0.24) EPS and FY2019 earnings at ($1.37) EPS.
NTNX has been the subject of a number of other reports. Oppenheimer boosted their price target on Nutanix to $40.00 and gave the company an “outperform” rating in a report on Friday, December 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $37.00 price target (up from $34.00) on shares of Nutanix in a report on Friday, November 24th. Piper Jaffray Companies set a $28.00 price target on Nutanix and gave the company a “buy” rating in a report on Monday, October 23rd. Vetr downgraded Nutanix from a “strong-buy” rating to a “buy” rating and set a $33.55 price target for the company. in a report on Tuesday, November 21st. Finally, Maxim Group reissued a “buy” rating and issued a $41.00 price target on shares of Nutanix in a report on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. Nutanix has a consensus rating of “Buy” and a consensus price target of $35.30.
Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, November 30th. The technology company reported ($0.16) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.10. Nutanix had a negative return on equity of 271.31% and a negative net margin of 40.81%. The firm had revenue of $275.60 million during the quarter, compared to the consensus estimate of $267.02 million. During the same quarter in the previous year, the company posted ($0.37) earnings per share. The company’s revenue was up 46.1% compared to the same quarter last year.
In other news, EVP David Sangster sold 27,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $27.92, for a total transaction of $753,840.00. Following the completion of the transaction, the executive vice president now directly owns 78,000 shares of the company’s stock, valued at approximately $2,177,760. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Sunil Potti sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $35.70, for a total value of $535,500.00. Following the transaction, the insider now directly owns 52,805 shares of the company’s stock, valued at $1,885,138.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,209,670 shares of company stock valued at $70,738,139. Corporate insiders own 19.81% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC increased its position in shares of Nutanix by 320.6% during the second quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock worth $242,686,000 after purchasing an additional 9,180,123 shares in the last quarter. Artemis Investment Management LLP increased its position in shares of Nutanix by 17.9% during the third quarter. Artemis Investment Management LLP now owns 844,784 shares of the technology company’s stock worth $18,910,000 after purchasing an additional 128,493 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Nutanix by 3,462.4% during the second quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock worth $14,808,000 after purchasing an additional 714,257 shares in the last quarter. Cramer Rosenthal Mcglynn LLC purchased a new stake in shares of Nutanix during the third quarter worth approximately $14,668,000. Finally, Ameriprise Financial Inc. increased its position in shares of Nutanix by 274.9% during the second quarter. Ameriprise Financial Inc. now owns 582,673 shares of the technology company’s stock worth $11,741,000 after purchasing an additional 427,255 shares in the last quarter. Hedge funds and other institutional investors own 34.13% 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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