Nutanix Inc (NASDAQ:NTNX) – Equities research analysts at KeyCorp reduced their Q1 2019 earnings per share estimates for Nutanix in a research report issued on Monday, March 12th, Zacks Investment Research reports. KeyCorp analyst A. Kurtz now expects that the technology company will post earnings per share of ($0.35) for the quarter, down from their prior estimate of ($0.34). KeyCorp currently has a “Buy” rating and a $61.00 price target 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 analysts also recently commented on NTNX. Vetr downgraded shares of Nutanix from a “hold” rating to a “sell” rating and set a $46.18 target price on the stock. in a report on Tuesday. Jefferies Group raised their target price on shares of Nutanix to $60.00 and gave the stock a “buy” rating in a report on Tuesday, March 13th. JMP Securities raised their target price on shares of Nutanix from $45.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, March 14th. Stifel Nicolaus assumed coverage on shares of Nutanix in a report on Friday, March 9th. They set a “buy” rating and a $52.00 target price on the stock. Finally, Needham & Company LLC lifted their price objective on shares of Nutanix from $48.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, March 13th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Nutanix presently has a consensus rating of “Buy” and an average price target of $48.05.
Shares of NTNX stock opened at $49.84 on Thursday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.10 and a current ratio of 3.10. The company has a market cap of $8,258.12, a price-to-earnings ratio of -14.97 and a beta of 0.38. Nutanix has a 52 week low of $14.38 and a 52 week high of $55.25.
Nutanix (NASDAQ:NTNX) last announced its earnings results on Thursday, March 1st. The technology company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.06. The firm had revenue of $286.70 million for the quarter, compared to the consensus estimate of $283.22 million. Nutanix had a negative net margin of 33.34% and a negative return on equity of 196.67%. The business’s quarterly revenue was up 44.1% on a year-over-year basis. During the same period last year, the company posted ($0.28) EPS.
In related news, CAO Kenneth W. Long III sold 32,002 shares of the firm’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $54.36, for a total value of $1,739,628.72. Following the completion of the transaction, the chief accounting officer now directly owns 185,256 shares of the company’s stock, valued at $10,070,516.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David Sangster sold 6,625 shares of the firm’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $52.66, for a total transaction of $348,872.50. Following the completion of the transaction, the executive vice president now directly owns 12,500 shares of the company’s stock, valued at $658,250. The disclosure for this sale can be found here. Insiders sold 2,776,304 shares of company stock valued at $109,896,685 over the last three months. 19.81% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in NTNX. BlackRock Inc. grew its stake 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 bought a new position in shares of Nutanix in the fourth quarter valued at $35,868,000. Trinity Street Asset Management LLP bought a new position in shares of Nutanix in the fourth quarter valued at $29,363,000. Cramer Rosenthal Mcglynn LLC grew its stake 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 boosted its position in Nutanix by 146.7% during the second quarter. State Street Corp now owns 547,995 shares of the technology company’s stock worth $11,042,000 after purchasing an additional 325,821 shares during the period. 44.26% of the stock is owned by institutional investors and hedge funds.
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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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