Q2 2019 EPS Estimates for Nutanix Inc (NTNX) Reduced by William Blair

Nutanix Inc (NASDAQ:NTNX) – Stock analysts at William Blair lowered their Q2 2019 earnings per share estimates for shares of Nutanix in a research note issued to investors on Wednesday, November 28th. William Blair analyst J. Ader now forecasts that the technology company will post earnings per share of ($0.56) for the quarter, down from their prior forecast of ($0.54). William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Nutanix’s Q3 2019 earnings at ($0.62) EPS, Q4 2019 earnings at ($0.58) EPS, FY2019 earnings at ($2.22) EPS, Q1 2020 earnings at ($0.62) EPS, Q2 2020 earnings at ($0.64) EPS, Q3 2020 earnings at ($0.66) EPS, Q4 2020 earnings at ($0.72) EPS, FY2020 earnings at ($2.65) EPS and FY2021 earnings at ($2.03) EPS.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Tuesday, November 27th. The technology company reported ($0.51) EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $313.28 million during the quarter, compared to analysts’ expectations of $305.21 million. During the same quarter last year, the business earned ($0.16) earnings per share. The business’s quarterly revenue was up 13.7% on a year-over-year basis.

Several other equities research analysts also recently weighed in on the stock. Needham & Company LLC raised their price target on shares of Nutanix from $71.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, November 28th. They noted that the move was a valuation call. Maxim Group reiterated a “buy” rating and set a $72.00 price target on shares of Nutanix in a research note on Wednesday, November 28th. Stifel Nicolaus lowered their target price on shares of Nutanix from $64.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, November 28th. Jefferies Financial Group lowered their target price on shares of Nutanix to $48.00 and set a “hold” rating on the stock in a research note on Wednesday, November 28th. Finally, Royal Bank of Canada reduced their target price on shares of Nutanix to $60.00 and set an “outperform” rating on the stock in a report on Monday, November 26th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the stock. Nutanix has a consensus rating of “Buy” and an average target price of $58.65.

NTNX stock opened at $44.71 on Monday. The company has a market cap 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 has a 52-week low of $29.34 and a 52-week high of $64.87.

In other Nutanix news, Director John Mcadam sold 15,000 shares of the business’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $51.46, for a total value of $771,900.00. Following 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Sangster sold 7,916 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $55.75, for a total transaction of $441,317.00. Following the transaction, the executive vice president now directly owns 7,916 shares in the company, valued at $441,317. The disclosure for this sale can be found here. Insiders have sold a total of 47,120 shares of company stock valued at $2,311,629 in the last 90 days. Insiders own 14.57% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of NTNX. Great Lakes Advisors LLC lifted its holdings in Nutanix by 1.5% in the 3rd quarter. Great Lakes Advisors LLC now owns 69,152 shares of the technology company’s stock valued at $2,954,000 after purchasing an additional 998 shares in the last quarter. IFP Advisors Inc grew its position in Nutanix by 14.1% in the second quarter. IFP Advisors Inc now owns 8,146 shares of the technology company’s stock valued at $420,000 after acquiring an additional 1,004 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Nutanix by 7.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 14,310 shares of the technology company’s stock valued at $738,000 after acquiring an additional 1,044 shares in the last quarter. First Midwest Bank Trust Division grew its position in Nutanix by 13.2% in the second quarter. First Midwest Bank Trust Division now owns 10,383 shares of the technology company’s stock valued at $535,000 after acquiring an additional 1,207 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Nutanix by 5.7% during the second quarter. Janney Montgomery Scott LLC now owns 24,851 shares of the technology company’s stock worth $1,282,000 after buying an additional 1,330 shares in the last quarter. 49.69% of the stock is currently owned by hedge funds and other institutional investors.

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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