Oppenheimer upgraded shares of Nutanix (NASDAQ:NTNX) to a top pick rating in a report issued on Wednesday, March 14th. They currently have $65.00 target price on the technology company’s stock, up from their prior target price of $43.00.
A number of other research analysts have also commented on the stock. Vetr lowered shares of Nutanix from a buy rating to a sell rating and set a $31.98 price objective on the stock. in a research note on Tuesday, February 20th. JPMorgan Chase lowered shares of Nutanix from a neutral rating to an underweight rating and set a $35.00 price objective on the stock. in a research note on Thursday, January 25th. Maxim Group restated a buy rating and issued a $51.00 price objective on shares of Nutanix in a research note on Friday, December 22nd. Wells Fargo initiated coverage on shares of Nutanix in a research note on Tuesday, November 14th. They issued an outperform rating and a $40.00 price objective on the stock. Finally, Robert W. Baird restated a buy rating and issued a $41.00 price objective on shares of Nutanix in a research note on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Nutanix presently has a consensus rating of Buy and a consensus price target of $48.05.
Shares of NTNX opened at $49.84 on Wednesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.10 and a quick ratio of 3.10. The firm has a market capitalization of $8,258.12, a P/E ratio of -14.97 and a beta of 0.38. Nutanix has a 1-year low of $14.38 and a 1-year high of $55.25.
Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Thursday, March 1st. The technology company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The company had revenue of $286.70 million for the quarter, compared to analyst estimates of $283.22 million. Nutanix had a negative net margin of 33.34% and a negative return on equity of 196.67%. Nutanix’s quarterly revenue was up 44.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.28) earnings per share. sell-side analysts predict that Nutanix will post -1.59 earnings per share for the current fiscal year.
In other Nutanix news, President Sudheesh Nair Vadakkedath sold 40,000 shares of the company’s stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Kenneth W. Long III sold 32,002 shares of the company’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $54.36, for a total transaction of $1,739,628.72. Following the transaction, the chief accounting officer now owns 185,256 shares in the company, valued at $10,070,516.16. The disclosure for this sale can be found here. Insiders have sold 2,776,304 shares of company stock worth $109,896,685 over the last 90 days. 19.81% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Delpha Capital Management LLC purchased a new stake in shares of Nutanix in the fourth quarter valued at about $104,000. Focused Wealth Management Inc lifted its holdings in shares of Nutanix by 107.2% in the fourth quarter. Focused Wealth Management Inc now owns 4,059 shares of the technology company’s stock valued at $143,000 after purchasing an additional 2,100 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Nutanix by 850.6% in the fourth quarter. US Bancorp DE now owns 4,753 shares of the technology company’s stock valued at $168,000 after purchasing an additional 4,253 shares in the last quarter. First American Bank purchased a new stake in shares of Nutanix in the fourth quarter valued at about $207,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Nutanix in the fourth quarter valued at about $212,000. 44.26% of the stock is currently owned by institutional investors.
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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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