Nutanix (NASDAQ:NTNX) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Wednesday. They presently have a $37.59 target price on the technology company’s stock. Vetr‘s target price would suggest a potential upside of 7.96% from the stock’s current price.
A number of other brokerages also recently commented on NTNX. Oppenheimer reiterated a “buy” rating and set a $43.00 price target on shares of Nutanix in a report on Tuesday, January 9th. KeyCorp reiterated an “overweight” rating and set a $42.00 price target (up from $37.00) on shares of Nutanix in a report on Thursday, January 11th. JPMorgan Chase & Co. downgraded shares of Nutanix from a “neutral” rating to an “underweight” rating and set a $35.00 price target for the company. in a report on Thursday, January 25th. Morgan Stanley lifted their price target on shares of Nutanix from $22.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, December 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $40.00 price target on shares of Nutanix in a report on Friday, December 1st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $36.24.
Shares of Nutanix (NTNX) opened at $34.82 on Wednesday. The company has a market cap of $5,590.00 and a PE ratio of -14.39. Nutanix has a twelve month low of $14.38 and a twelve month high of $38.80.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The business had revenue of $275.60 million during the quarter, compared to the consensus estimate of $267.02 million. Nutanix had a negative net margin of 40.81% and a negative return on equity of 271.31%. The company’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.37) earnings per share. analysts expect that Nutanix will post -1.71 EPS for the current fiscal year.
In related news, EVP David Sangster sold 108,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $30.02, for a total value of $3,242,160.00. Following the sale, the executive vice president now directly owns 108,000 shares of the company’s stock, valued at $3,242,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $30.35, for a total transaction of $1,214,000.00. Following the transaction, the president now directly owns 193,856 shares in the company, valued at $5,883,529.60. The disclosure for this sale can be found here. Insiders sold 1,887,958 shares of company stock worth $63,947,181 over the last three months. Corporate insiders own 19.81% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Delpha Capital Management LLC acquired a new position in Nutanix during the fourth quarter valued at approximately $104,000. Focused Wealth Management Inc lifted its position in Nutanix by 107.2% during the fourth quarter. Focused Wealth Management Inc now owns 4,059 shares of the technology company’s stock valued at $143,000 after buying an additional 2,100 shares in the last quarter. US Bancorp DE lifted its position in Nutanix by 850.6% during the fourth quarter. US Bancorp DE now owns 4,753 shares of the technology company’s stock valued at $168,000 after buying an additional 4,253 shares in the last quarter. Thompson Davis & CO. Inc. lifted its position in Nutanix by 320.0% during the third quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock valued at $118,000 after buying an additional 4,000 shares in the last quarter. Finally, First American Bank acquired a new position in Nutanix during the fourth quarter valued at approximately $207,000. 34.83% 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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