Wall Street brokerages forecast that Nutanix Inc (NASDAQ:NTNX) will post $282.95 million in sales for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Nutanix’s earnings. The lowest sales estimate is $282.10 million and the highest is $284.42 million. Nutanix posted sales of $182.20 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 55.3%. The firm is scheduled to report its next quarterly earnings results after the market closes on Thursday, March 1st.
According to Zacks, analysts expect that Nutanix will report full-year sales of $282.95 million for the current year, with estimates ranging from $1.08 billion to $1.15 billion. For the next financial year, analysts forecast that the firm will post sales of $1.26 billion per share, with estimates ranging from $1.13 billion to $1.45 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Nutanix.
Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.10. The company had revenue of $275.60 million for the quarter, compared to analyst estimates of $267.02 million. Nutanix had a negative net margin of 40.81% and a negative return on equity of 271.31%. The business’s quarterly revenue was up 46.1% on a year-over-year basis. During the same period last year, the business posted ($0.37) EPS.
Several analysts have issued reports on NTNX shares. Vetr lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating and set a $31.00 price target on the stock. in a research report on Monday, October 30th. Maxim Group raised their price objective on shares of Nutanix from $39.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, December 1st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $40.00 price objective on shares of Nutanix in a report on Friday, December 1st. Needham & Company LLC began coverage on shares of Nutanix in a report on Wednesday, November 22nd. They set a “buy” rating and a $45.00 price objective for the company. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $41.00 price objective (up from $31.00) on shares of Nutanix in a report on Wednesday, November 29th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $36.00.
In related news, President Sudheesh Nair Vadakkedath sold 50,000 shares of Nutanix stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $34.07, for a total transaction of $1,703,500.00. Following the completion of the transaction, the president now directly owns 228,330 shares of the company’s stock, valued at approximately $7,779,203.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kenneth W. Long III sold 30,000 shares of Nutanix stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $34.00, for a total transaction of $1,020,000.00. Following the transaction, the vice president now directly owns 213,032 shares of the company’s stock, valued at $7,243,088. The disclosure for this sale can be found here. Insiders have sold a total of 1,356,667 shares of company stock valued at $48,347,622 over the last three months. 19.81% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Nutanix by 89.6% during the 4th quarter. BlackRock Inc. now owns 5,875,339 shares of the technology company’s stock valued at $207,282,000 after purchasing an additional 2,776,194 shares during the last quarter. Cramer Rosenthal Mcglynn LLC lifted its holdings in Nutanix by 124.9% during the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,473,512 shares of the technology company’s stock valued at $51,986,000 after purchasing an additional 818,378 shares during the last quarter. Contour Asset Management LLC bought a new position in Nutanix during the 4th quarter valued at about $35,868,000. Artemis Investment Management LLP raised its stake in shares of Nutanix by 17.9% in the third quarter. Artemis Investment Management LLP now owns 844,784 shares of the technology company’s stock worth $18,910,000 after acquiring an additional 128,493 shares during the last quarter. Finally, Trinity Street Asset Management LLP bought a new position in shares of Nutanix in the fourth quarter worth about $29,363,000. 38.31% of the stock is owned by hedge funds and other institutional investors.
Nutanix (NTNX) traded up $0.02 during midday trading on Friday, reaching $34.85. 3,780,000 shares of the company’s stock traded hands, compared to its average volume of 3,430,000. The firm has a market cap of $5,590.00 and a price-to-earnings ratio of -14.40. Nutanix has a 52 week low of $14.38 and a 52 week high of $38.80.
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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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