Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Nutanix (NASDAQ:NTNX) Share Price

Media headlines about Nutanix (NASDAQ:NTNX) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Nutanix earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.1385272112265 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the headlines that may have impacted Accern’s scoring:

Nutanix (NASDAQ NTNX) traded down $0.11 on Friday, hitting $37.84. 1,919,557 shares of the stock traded hands, compared to its average volume of 2,860,404. The company has a market cap of $6,070.44, a P/E ratio of -15.64 and a beta of 8.76. Nutanix has a one year low of $14.38 and a one year high of $38.80.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.10. Nutanix had a negative net margin of 40.81% and a negative return on equity of 271.31%. The business had revenue of $275.60 million during the quarter, compared to analyst estimates of $267.02 million. During the same period in the previous year, the business posted ($0.37) EPS. The company’s quarterly revenue was up 46.1% on a year-over-year basis. analysts anticipate that Nutanix will post -1.71 earnings per share for the current year.

NTNX has been the subject of several analyst reports. Oppenheimer reaffirmed a “buy” rating and issued a $43.00 target price on shares of Nutanix in a report on Tuesday, January 9th. KeyCorp reissued an “overweight” rating and set a $42.00 price objective (up from $37.00) on shares of Nutanix in a research note on Thursday. Morgan Stanley raised their price objective on shares of Nutanix from $22.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, December 1st. Royal Bank of Canada restated a “buy” rating and set a $40.00 target price on shares of Nutanix in a research report on Friday, December 1st. Finally, Vetr lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating and set a $38.31 target price on the stock. in a research report on Monday, December 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Nutanix currently has an average rating of “Buy” and an average price target of $35.30.

In other news, VP Kenneth W. Long III sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $35.87, for a total value of $2,152,200.00. Following the completion of the sale, the vice president now directly owns 176,171 shares of the company’s stock, valued at approximately $6,319,253.77. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Sudheesh Nair Vadakkedath sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $36.87, for a total transaction of $1,474,800.00. Following the completion of the sale, the president now directly owns 193,856 shares of the company’s stock, valued at $7,147,470.72. The disclosure for this sale can be found here. Insiders have sold a total of 2,219,670 shares of company stock valued at $71,006,839 over the last three months. 19.81% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Nutanix (NASDAQ:NTNX)

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