Other analysts have also issued research reports about the stock. Oppenheimer reiterated a buy rating and issued a $43.00 price objective on shares of Nutanix in a research note on Tuesday, January 9th. Robert W. Baird reiterated a buy rating and issued a $41.00 price objective on shares of Nutanix in a research note on Wednesday, January 3rd. Maxim Group reiterated a buy rating and issued a $51.00 price objective on shares of Nutanix in a research note on Friday, December 22nd. Royal Bank of Canada reiterated a buy rating and issued a $43.00 price objective on shares of Nutanix in a research note on Friday, March 2nd. Finally, Stifel Nicolaus started coverage on shares of Nutanix in a research note on Friday, March 9th. They issued a buy rating and a $52.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Nutanix has an average rating of Buy and an average price target of $48.32.
Nutanix stock opened at $55.51 on Tuesday. 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.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, March 1st. The technology company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.06. The firm had revenue of $286.70 million during 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%. The company’s revenue was up 44.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.28) EPS. sell-side analysts expect that Nutanix will post -1.59 EPS for the current year.
In other Nutanix news, President Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock in a transaction on Monday, April 16th. The shares were sold at an average price of $53.58, for a total transaction of $2,143,200.00. Following the transaction, the president now directly owns 207,247 shares of the company’s stock, valued at approximately $11,104,294.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kenneth W. Long III sold 30,000 shares of Nutanix stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $50.22, for a total transaction of $1,506,600.00. Following the transaction, the vice president now directly owns 151,628 shares in the company, valued at $7,614,758.16. The disclosure for this sale can be found here. Insiders have sold a total of 2,776,304 shares of company stock worth $110,565,085 over the last ninety days. Insiders own 19.81% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of NTNX. Delpha Capital Management LLC purchased a new position in Nutanix during the 4th quarter worth $104,000. Focused Wealth Management Inc boosted 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 worth $143,000 after acquiring an additional 2,100 shares during the last quarter. US Bancorp DE boosted 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 worth $168,000 after acquiring an additional 4,253 shares during the last quarter. First American Bank purchased a new position in Nutanix during the 4th quarter worth $207,000. Finally, Fox Run Management L.L.C. purchased a new position in Nutanix during the 4th quarter worth $212,000. 43.33% of the stock is currently owned by hedge funds and other 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.
To view Vetr’s full report, visit Vetr’s official website.
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