Robert W. Baird reissued their buy rating on shares of Nutanix (NASDAQ:NTNX) in a research report sent to investors on Wednesday, January 3rd. They currently have a $41.00 price target on the technology company’s stock.
NTNX has been the subject of a number of other reports. Maxim Group reiterated a buy rating and issued a $41.00 price objective on shares of Nutanix in a report on Friday, September 22nd. Royal Bank of Canada reissued an outperform rating and issued a $34.00 target price on shares of Nutanix in a research report on Friday, October 13th. Raymond James Financial set a $37.00 price objective on Nutanix and gave the company a buy rating in a research report on Monday, December 4th. Vetr lowered Nutanix from a strong-buy rating to a buy rating and set a $38.31 price objective for the company. in a research report on Monday, December 4th. Finally, Needham & Company LLC increased their target price on Nutanix from $45.00 to $48.00 and gave the company a buy rating in a research note on Friday, December 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. Nutanix has a consensus rating of Buy and a consensus target price of $34.87.
Nutanix (NASDAQ NTNX) traded down $0.24 during mid-day trading on Wednesday, reaching $37.04. The company’s stock had a trading volume of 1,283,575 shares, compared to its average volume of 3,274,133. The stock has a market capitalization of $5,920.00 and a PE ratio of -15.31. Nutanix has a twelve month low of $14.38 and a twelve month high of $38.80.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, November 30th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. Nutanix had a negative return on equity of 113.75% and a negative net margin of 22.31%. The company had revenue of $275.60 million for the quarter, compared to analyst estimates of $267.02 million. During the same period in the previous year, the company posted ($0.37) EPS. The firm’s revenue for the quarter was up 46.1% compared to the same quarter last year. equities analysts predict that Nutanix will post -1.71 earnings per share for the current year.
In other news, Director Jeffrey T. Parks sold 456,623 shares of Nutanix stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $29.51, for a total value of $13,474,944.73. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Kenneth W. Long III sold 30,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $29.11, for a total transaction of $873,300.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,239,670 shares of company stock valued at $71,123,239 in the last ninety days. 19.81% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Belpointe Asset Management LLC acquired a new position in shares of Nutanix in the third quarter valued at approximately $453,000. Janney Montgomery Scott LLC purchased a new stake in Nutanix during the third quarter worth approximately $441,000. Cubist Systematic Strategies LLC purchased a new position in shares of Nutanix in the third quarter valued at $1,117,000. Granahan Investment Management Inc. MA boosted its stake in Nutanix by 24.5% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 126,645 shares of the technology company’s stock valued at $2,836,000 after acquiring an additional 24,907 shares during the last quarter. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of Nutanix in the 3rd quarter worth about $215,000. 34.13% of the stock is currently owned by 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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