Vetr cut shares of Nutanix (NASDAQ:NTNX) from a hold rating to a sell rating in a research report sent to investors on Monday. Vetr currently has $52.09 price target on the technology company’s stock.
Several other analysts also recently issued reports on the company. JPMorgan Chase downgraded Nutanix from a neutral rating to an underweight rating and set a $35.00 target price on the stock. in a research note on Thursday, January 25th. Oppenheimer reissued a buy rating and set a $43.00 target price on shares of Nutanix in a research note on Tuesday, January 9th. Maxim Group reissued a buy rating and set a $51.00 target price on shares of Nutanix in a research note on Friday, December 22nd. Robert W. Baird reissued a buy rating and set a $41.00 target price on shares of Nutanix in a research note on Wednesday, January 3rd. Finally, Goldman Sachs started coverage on Nutanix in a research note on Wednesday, February 7th. They set a conviction-buy rating and a $43.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $48.32.
Shares of NTNX opened at $53.41 on Monday. The company has a market cap of $8,836.48, a P/E ratio of -16.04 and a beta of 0.32. Nutanix has a 12-month low of $14.38 and a 12-month high of $55.25. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.10 and a current ratio of 3.10.
Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, March 1st. The technology company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.06. The company had revenue of $286.70 million for the quarter, compared to the consensus estimate of $283.22 million. Nutanix had a negative return on equity of 196.67% and a negative net margin of 33.34%. The firm’s quarterly revenue was up 44.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.28) EPS. equities analysts expect that Nutanix will post -1.59 EPS for the current year.
In other news, major shareholder Peter Nieh sold 63,227 shares of Nutanix stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $49.62, for a total value of $3,137,323.74. Following the completion of the transaction, the insider now owns 200,000 shares in the company, valued at approximately $9,924,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey T. Parks sold 1,858,951 shares of Nutanix stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $37.94, for a total value of $70,528,600.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,736,304 shares of company stock worth $108,421,885. Corporate insiders own 19.81% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System boosted its holdings in shares of Nutanix by 47.3% in the 3rd quarter. California State Teachers Retirement System now owns 90,900 shares of the technology company’s stock worth $2,035,000 after purchasing an additional 29,200 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Nutanix in the 3rd quarter worth approximately $441,000. Great West Life Assurance Co. Can boosted its holdings in shares of Nutanix by 1,837.8% in the 3rd quarter. Great West Life Assurance Co. Can now owns 71,700 shares of the technology company’s stock worth $1,602,000 after purchasing an additional 68,000 shares during the period. Cowen Prime Services LLC boosted its holdings in shares of Nutanix by 33.7% in the 4th quarter. Cowen Prime Services LLC now owns 20,450 shares of the technology company’s stock worth $721,000 after purchasing an additional 5,150 shares during the period. Finally, Nationwide Fund Advisors boosted its holdings in shares of Nutanix by 52.2% in the 3rd quarter. Nationwide Fund Advisors now owns 30,254 shares of the technology company’s stock worth $677,000 after purchasing an additional 10,382 shares during the period. Hedge funds and other institutional investors own 43.33% 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.
To view Vetr’s full report, visit Vetr’s official website.
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