Robert W. Baird reissued their outperform rating on shares of Nutanix (NASDAQ:NTNX) in a research report sent to investors on Tuesday, March 13th, The Fly reports.
A number of other research firms also recently commented on NTNX. Jefferies Group boosted their target price on Nutanix to $60.00 and gave the stock a buy rating in a research report on Tuesday, March 13th. Needham & Company LLC boosted their price target on Nutanix from $48.00 to $61.00 and gave the stock a buy rating in a report on Tuesday, March 13th. Wells Fargo boosted their price target on Nutanix to $60.00 and gave the stock an outperform rating in a report on Tuesday, March 13th. Royal Bank of Canada boosted their price target on Nutanix to $58.00 and gave the stock an outperform rating in a report on Tuesday, March 13th. They noted that the move was a valuation call. Finally, Piper Jaffray reissued an overweight rating and issued a $57.00 price target on shares of Nutanix in a report on Tuesday, March 13th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $48.05.
Shares of NASDAQ NTNX opened at $49.84 on Tuesday. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.38. Nutanix has a fifty-two week low of $14.38 and a fifty-two week high of $55.25. The stock has a market cap of $8,258.12, a PE ratio of -14.97 and a beta of 0.38.
Nutanix (NASDAQ:NTNX) last announced its earnings results on Thursday, March 1st. The technology company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.06. Nutanix had a negative return on equity of 196.67% 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 period last year, the business posted ($0.28) EPS. The company’s revenue was up 44.1% on a year-over-year basis. equities analysts forecast that Nutanix will post -1.59 EPS for the current year.
In related news, President Sudheesh Nair Vadakkedath sold 40,000 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $36.87, for a total value of $1,474,800.00. Following the completion of the transaction, the president now owns 193,856 shares of the company’s stock, valued at $7,147,470.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Sangster sold 6,625 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $52.66, for a total value of $348,872.50. Following the sale, the executive vice president now owns 12,500 shares in the company, valued at approximately $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 in the last ninety days. Company insiders own 19.81% of the company’s stock.
Several institutional investors have recently made changes to their positions in NTNX. Parametric Portfolio Associates LLC acquired a new stake in shares of Nutanix during the 2nd quarter worth approximately $365,000. Voya Investment Management LLC acquired a new stake in Nutanix in the 2nd quarter valued at approximately $315,000. State Street Corp increased its position in Nutanix by 146.7% in the 2nd quarter. State Street Corp now owns 547,995 shares of the technology company’s stock valued at $11,042,000 after acquiring an additional 325,821 shares during the period. The Manufacturers Life Insurance Company increased its position in Nutanix by 661.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,383 shares of the technology company’s stock valued at $612,000 after acquiring an additional 26,393 shares during the period. Finally, California State Teachers Retirement System increased its position in Nutanix by 107.0% in the 2nd quarter. California State Teachers Retirement System now owns 61,700 shares of the technology company’s stock valued at $1,243,000 after acquiring an additional 31,900 shares during the period. Institutional investors and hedge funds own 44.26% of the company’s stock.
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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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