Vetr upgraded shares of Nutanix (NASDAQ:NTNX) from a buy rating to a strong-buy rating in a report issued on Tuesday. The firm currently has $38.98 price target on the technology company’s stock.
Several other analysts have also recently issued reports on NTNX. Oppenheimer increased their target price on shares of Nutanix to $40.00 and gave the stock an outperform rating in a research note on Friday, December 1st. Robert W. Baird reiterated a buy rating and issued a $28.00 target price on shares of Nutanix in a research note on Friday, September 1st. Susquehanna Bancshares reiterated a neutral rating and issued a $21.00 target price (up from $19.00) on shares of Nutanix in a research note on Sunday, September 3rd. Royal Bank of Canada reiterated an outperform rating and issued a $37.00 target price (up from $34.00) on shares of Nutanix in a research note on Friday, November 24th. Finally, JMP Securities reiterated an outperform rating and issued a $35.00 target price on shares of Nutanix in a research note on Sunday, September 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. Nutanix currently has a consensus rating of Buy and a consensus price target of $34.74.
Shares of Nutanix (NASDAQ NTNX) opened at $34.71 on Tuesday. Nutanix has a 52 week low of $14.38 and a 52 week high of $38.28.
Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.10. The company had revenue of $275.60 million for the quarter, compared to analysts’ expectations of $267.02 million. Nutanix had a negative net margin of 40.81% and a negative return on equity of 363.55%. Nutanix’s revenue was up 46.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.37) EPS. sell-side analysts expect that Nutanix will post -1.73 earnings per share for the current year.
In other news, Director Michael Scarpelli sold 55,300 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $35.16, for a total value of $1,944,348.00. Following the transaction, the director now owns 55,300 shares of the company’s stock, valued at approximately $1,944,348. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sunil Potti sold 10,000 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $21.56, for a total transaction of $215,600.00. Following the completion of the transaction, the insider now directly owns 113,603 shares in the company, valued at approximately $2,449,280.68. The disclosure for this sale can be found here. Insiders sold a total of 1,943,569 shares of company stock worth $57,492,248 in the last three months. Insiders own 19.81% of the company’s stock.
Several large investors have recently modified their holdings of the company. Brown Advisory Inc. increased its holdings in shares of Nutanix by 4.4% in the 3rd quarter. Brown Advisory Inc. now owns 76,570 shares of the technology company’s stock worth $1,714,000 after buying an additional 3,254 shares during the last quarter. Thompson Davis & CO. Inc. increased its holdings in shares of Nutanix by 320.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock worth $118,000 after buying an additional 4,000 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Nutanix by 54.7% in the 3rd quarter. Legal & General Group Plc now owns 13,615 shares of the technology company’s stock worth $305,000 after buying an additional 4,814 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Nutanix by 0.9% in the 3rd quarter. New York State Common Retirement Fund now owns 532,700 shares of the technology company’s stock worth $11,927,000 after buying an additional 5,000 shares during the last quarter. Finally, Jasper Ridge Partners L.P. increased its holdings in shares of Nutanix by 9.2% in the 3rd quarter. Jasper Ridge Partners L.P. now owns 68,339 shares of the technology company’s stock worth $1,530,000 after buying an additional 5,734 shares during the last quarter. 35.35% of the stock is currently owned by hedge funds and other 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.
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