Vetr upgraded shares of Nutanix Inc. (NASDAQ:NTNX) from a hold rating to a strong-buy rating in a research report released on Monday, October 16th. They currently have $30.51 price target on the technology company’s stock.
NTNX has been the topic of several other research reports. BTIG Research restated a hold rating and set a $22.00 price target on shares of Nutanix in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Nutanix from a hold rating to a buy rating and set a $25.00 price target on the stock in a research note on Friday, September 8th. 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. Credit Suisse Group restated a buy rating and set a $38.00 price target on shares of Nutanix in a research note on Friday, July 28th. Finally, Morgan Stanley restated an equal weight rating and set a $22.00 price target on shares of Nutanix in a research note on Sunday, October 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $30.10.
Shares of Nutanix (NASDAQ:NTNX) opened at 27.89 on Monday. Nutanix has a 52 week low of $21.21 and a 52 week high of $34.96. The stock’s market capitalization is $4.32 billion. The stock’s 50 day moving average is $24.07 and its 200 day moving average is $24.07.
Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.05. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The company had revenue of $226.10 million during the quarter, compared to the consensus estimate of $216.00 million. The company’s revenue was up 61.7% on a year-over-year basis. Analysts anticipate that Nutanix will post ($0.94) EPS for the current fiscal year.
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In other news, EVP David Sangster sold 27,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $21.28, for a total transaction of $574,560.00. Following the completion of the transaction, the executive vice president now directly owns 116,250 shares of the company’s stock, valued at approximately $2,473,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sunil Potti sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $21.43, for a total transaction of $214,300.00. Following the transaction, the insider now directly owns 123,603 shares of the company’s stock, valued at $2,648,812.29. The disclosure for this sale can be found here. Insiders sold a total of 536,891 shares of company stock worth $12,358,039 over the last 90 days.
Large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its holdings in shares of Nutanix by 3,147.6% during the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after acquiring an additional 8,530 shares during the period. SG Americas Securities LLC bought a new position in shares of Nutanix during the 2nd quarter worth about $186,000. First American Bank bought a new position in shares of Nutanix during the 2nd quarter worth about $205,000. PNC Financial Services Group Inc. bought a new position in shares of Nutanix during the 2nd quarter worth about $208,000. Finally, Iron Financial LLC bought a new position in shares of Nutanix during the 3rd quarter worth about $235,000. 31.32% of the stock is owned by institutional investors.
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.
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