Nutanix Inc (NASDAQ:NTNX) – Analysts at KeyCorp dropped their Q1 2019 earnings per share (EPS) estimates for shares of Nutanix in a research note issued to investors on Monday. KeyCorp analyst A. Kurtz now expects that the technology company will earn ($0.35) per share for the quarter, down from their previous forecast of ($0.34). KeyCorp has a “Buy” rating and a $61.00 price objective on the stock. KeyCorp also issued estimates for Nutanix’s Q2 2019 earnings at ($0.27) EPS, Q3 2019 earnings at ($0.24) EPS, Q4 2019 earnings at ($0.14) EPS, FY2019 earnings at ($0.98) EPS and FY2020 earnings at ($0.45) EPS.
Several other equities research analysts also recently weighed in on the company. Oppenheimer raised Nutanix to a “top pick” rating and raised their price target for the stock from $43.00 to $65.00 in a report on Wednesday. JMP Securities raised their price target on Nutanix from $45.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday. Morgan Stanley reissued an “equal weight” rating and issued a $52.00 price target (up previously from $42.00) on shares of Nutanix in a report on Tuesday. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $37.00 price target (up previously from $32.00) on shares of Nutanix in a report on Tuesday. Finally, Robert W. Baird reissued an “outperform” rating on shares of Nutanix in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $46.52.
Shares of Nutanix (NASDAQ:NTNX) traded up $0.07 during mid-day trading on Thursday, reaching $54.73. The company had a trading volume of 3,055,417 shares, compared to its average volume of 4,287,133. Nutanix has a 12 month low of $14.38 and a 12 month high of $55.02. The company has a market capitalization of $8,508.89, a P/E ratio of -25.42 and a beta of 2.13.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Thursday, March 1st. The technology company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. Nutanix had a negative return on equity of 270.61% and a negative net margin of 33.34%. The company had revenue of $286.70 million for the quarter, compared to the consensus estimate of $283.22 million. During the same quarter last year, the company earned ($0.28) earnings per share. The firm’s revenue for the quarter was up 44.1% compared to the same quarter last year.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Nutanix by 89.6% in the fourth quarter. BlackRock Inc. now owns 5,875,339 shares of the technology company’s stock valued at $207,282,000 after buying an additional 2,776,194 shares in the last quarter. Contour Asset Management LLC purchased a new stake in shares of Nutanix in the fourth quarter valued at approximately $35,868,000. Trinity Street Asset Management LLP purchased a new stake in shares of Nutanix in the fourth quarter valued at approximately $29,363,000. Cramer Rosenthal Mcglynn LLC increased its position in shares of Nutanix by 124.9% in the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 1,473,512 shares of the technology company’s stock valued at $51,986,000 after buying an additional 818,378 shares in the last quarter. Finally, State Street Corp increased its position in shares of Nutanix by 146.7% in the second quarter. State Street Corp now owns 547,995 shares of the technology company’s stock valued at $11,042,000 after buying an additional 325,821 shares in the last quarter. Institutional investors own 44.29% of the company’s stock.
In related news, President Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $38.73, for a total transaction of $1,549,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Sangster sold 100,082 shares of Nutanix stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $50.48, for a total value of $5,052,139.36. Following the transaction, the executive vice president now owns 4,000 shares of the company’s stock, valued at $201,920. The disclosure for this sale can be found here. Insiders have sold 2,909,000 shares of company stock valued at $109,759,052 in the last ninety days. Corporate insiders own 19.81% of the company’s stock.
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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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