Nutanix (NTNX) Stock Rating Reaffirmed by Stifel Nicolaus

Nutanix (NASDAQ:NTNX)‘s stock had its “buy” rating reiterated by equities researchers at Stifel Nicolaus in a report released on Sunday. They presently have a $64.00 target price on the technology company’s stock, up from their prior target price of $52.00. Stifel Nicolaus’ target price points to a potential upside of 17.58% from the stock’s current price.

Several other brokerages have also recently commented on NTNX. Robert W. Baird reiterated a “buy” rating and issued a $41.00 price target on shares of Nutanix in a research note on Wednesday, January 3rd. Goldman Sachs initiated coverage on shares of Nutanix in a research note on Wednesday, February 7th. They issued a “conviction-buy” rating and a $43.00 price target on the stock. Piper Jaffray reiterated an “overweight” rating and issued a $57.00 price target on shares of Nutanix in a research note on Tuesday, March 13th. Zacks Investment Research cut shares of Nutanix from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Finally, Vetr upgraded shares of Nutanix from a “sell” rating to a “hold” rating and set a $47.69 price target on the stock in a research note on Friday, March 30th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $48.87.

Shares of NTNX traded up $0.40 during trading hours on Friday, reaching $54.43. 535,046 shares of the stock traded hands, compared to its average volume of 4,334,071. 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 has a 52-week low of $14.38 and a 52-week high of $56.28. The stock has a market cap of $8,877.56, a price-to-earnings ratio of -16.23 and a beta of 0.32.

Nutanix (NASDAQ:NTNX) last announced its quarterly 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 business had revenue of $286.70 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.28) EPS. equities research analysts predict that Nutanix will post -1.59 earnings per share for the current year.

In related news, major shareholder Christopher J. Schaepe sold 100,000 shares of the company’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $48.14, for a total transaction of $4,814,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey T. Parks sold 285,975 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $37.54, for a total transaction of $10,735,501.50. The disclosure for this sale can be found here. Insiders have sold a total of 2,736,304 shares of company stock worth $109,144,285 over the last 90 days. Corporate insiders own 19.81% of the company’s stock.

A number of large investors have recently modified their holdings of NTNX. Delpha Capital Management LLC bought a new position in Nutanix during the 4th quarter valued at about $104,000. Focused Wealth Management Inc grew its holdings in Nutanix by 107.2% during the 4th 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 during the last quarter. US Bancorp DE grew its holdings in Nutanix by 850.6% during the 4th 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 during the last quarter. First American Bank bought a new position in Nutanix during the 4th quarter valued at about $207,000. Finally, Fox Run Management L.L.C. bought a new position in Nutanix during the 4th quarter valued at about $212,000. Institutional investors own 43.34% 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.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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