Equities research analysts expect Nutanix Inc (NASDAQ:NTNX) to post $277.99 million in sales for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for Nutanix’s earnings. The highest sales estimate is $279.71 million and the lowest is $277.30 million. Nutanix posted sales of $191.76 million during the same quarter last year, which would indicate a positive year over year growth rate of 45%. The company is expected to issue its next earnings results on Thursday, May 24th.
According to Zacks, analysts expect that Nutanix will report full-year sales of $277.99 million for the current year, with estimates ranging from $1.11 billion to $1.15 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.32 billion per share, with estimates ranging from $1.26 billion to $1.37 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Nutanix.
Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Thursday, March 1st. The technology company reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.06. Nutanix had a negative net margin of 33.34% and a negative return on equity of 196.67%. The company had revenue of $286.70 million for the quarter, compared to the consensus estimate of $283.22 million. During the same period in the prior year, the firm posted ($0.28) EPS. Nutanix’s revenue for the quarter was up 44.1% on a year-over-year basis.
NTNX has been the topic of several recent analyst reports. Robert W. Baird reissued a “buy” rating and set a $41.00 price objective on shares of Nutanix in a research report on Wednesday, January 3rd. Goldman Sachs initiated coverage on shares of Nutanix in a research report on Wednesday, February 7th. They set a “conviction-buy” rating and a $43.00 price objective on the stock. Vetr raised shares of Nutanix from a “buy” rating to a “strong-buy” rating and set a $38.98 price objective on the stock in a research report on Tuesday, December 12th. Piper Jaffray reissued an “overweight” rating and set a $57.00 price objective on shares of Nutanix in a research report on Tuesday, March 13th. Finally, Zacks Investment Research downgraded shares of Nutanix from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $48.05.
Shares of NTNX stock opened at $49.84 on Monday. Nutanix has a one year low of $14.38 and a one year high of $55.25. The stock has a market cap of $8,189.11, a P/E ratio of -14.97 and a beta of 0.38. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.38.
In related news, major shareholder Christopher J. Schaepe sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of $48.14, for a total value of $4,814,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Sudheesh Nair Vadakkedath sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $35.52, for a total transaction of $1,420,800.00. Following the completion of the transaction, the president now directly owns 193,856 shares in the company, valued at approximately $6,885,765.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,736,304 shares of company stock worth $108,421,885. Insiders own 19.81% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its holdings in shares of Nutanix by 47.3% in the third quarter. California State Teachers Retirement System now owns 90,900 shares of the technology company’s stock worth $2,035,000 after buying an additional 29,200 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Nutanix in the third quarter worth approximately $441,000. Great West Life Assurance Co. Can boosted its holdings in shares of Nutanix by 1,837.8% in the third quarter. Great West Life Assurance Co. Can now owns 71,700 shares of the technology company’s stock worth $1,602,000 after buying an additional 68,000 shares during the last quarter. Cowen Prime Services LLC boosted its holdings in shares of Nutanix by 33.7% in the fourth quarter. Cowen Prime Services LLC now owns 20,450 shares of the technology company’s stock worth $721,000 after buying an additional 5,150 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its holdings in shares of Nutanix by 52.2% in the third quarter. Nationwide Fund Advisors now owns 30,254 shares of the technology company’s stock worth $677,000 after buying an additional 10,382 shares during the last quarter. 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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