Jefferies Financial Group Comments on Nutanix Inc’s Q2 2019 Earnings (NTNX)

Nutanix Inc (NASDAQ:NTNX) – Analysts at Jefferies Financial Group increased their Q2 2019 earnings per share (EPS) estimates for Nutanix in a research note issued on Wednesday, November 28th. Jefferies Financial Group analyst J. Difucci now forecasts that the technology company will earn ($0.63) per share for the quarter, up from their previous forecast of ($0.64). Jefferies Financial Group currently has a “Hold” rating and a $48.00 target price on the stock. Jefferies Financial Group also issued estimates for Nutanix’s Q4 2019 earnings at ($0.73) EPS, FY2019 earnings at ($2.55) EPS, Q1 2020 earnings at ($0.66) EPS, Q2 2020 earnings at ($0.70) EPS, Q3 2020 earnings at ($0.64) EPS, Q4 2020 earnings at ($0.55) EPS and FY2020 earnings at ($2.54) EPS.

Other equities analysts also recently issued research reports about the stock. Needham & Company LLC upped their price objective on shares of Nutanix from $71.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, November 28th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Nutanix from a “hold” rating to a “sell” rating in a research note on Friday, August 24th. Morgan Stanley increased their price objective on shares of Nutanix from $55.00 to $57.00 and gave the company an “equal weight” rating in a research note on Friday, August 31st. William Blair reaffirmed an “outperform” rating on shares of Nutanix in a research note on Wednesday, November 28th. Finally, Raymond James decreased their price target on shares of Nutanix from $74.00 to $71.00 and set a “buy” rating on the stock in a research note on Tuesday, September 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $58.65.

Shares of Nutanix stock opened at $44.71 on Monday. Nutanix has a 12-month low of $29.34 and a 12-month high of $64.87. The firm has a market capitalization of $7.73 billion, a PE ratio of -26.46 and a beta of 0.65. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.31.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Tuesday, November 27th. The technology company reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.24). Nutanix had a negative return on equity of 94.01% and a negative net margin of 27.65%. The firm had revenue of $313.28 million for the quarter, compared to analyst estimates of $305.21 million. During the same quarter last year, the firm earned ($0.16) EPS. The company’s revenue was up 13.7% on a year-over-year basis.

In other Nutanix news, Director John Mcadam sold 15,000 shares of Nutanix stock in a transaction on Monday, September 10th. The stock was sold at an average price of $51.46, for a total value of $771,900.00. Following the completion of the transaction, the director now directly owns 84,648 shares of the company’s stock, valued at approximately $4,355,986.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Sangster sold 7,916 shares of Nutanix stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $42.56, for a total value of $336,904.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,120 shares of company stock valued at $2,311,629. Corporate insiders own 14.57% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of NTNX. Truvestments Capital LLC bought a new stake in Nutanix during the 3rd quarter worth $132,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Nutanix by 320.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,565 shares of the technology company’s stock valued at $156,000 after purchasing an additional 1,955 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of Nutanix in the 2nd quarter valued at about $174,000. Cerebellum GP LLC acquired a new position in Nutanix during the 3rd quarter worth approximately $188,000. Finally, First American Bank acquired a new position in Nutanix during the 3rd quarter worth approximately $210,000. Institutional investors own 49.69% of the company’s stock.

Nutanix Company Profile

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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Earnings History and Estimates for Nutanix (NASDAQ:NTNX)

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