Nutanix, Inc. (NASDAQ:NTNX) Expected to Post Quarterly Sales of $336.07 Million


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Brokerages predict that Nutanix, Inc. (NASDAQ:NTNX) will announce sales of $336.07 million for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Nutanix’s earnings, with estimates ranging from $325.10 million to $350.60 million. Nutanix reported sales of $318.27 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.6%. The business is scheduled to issue its next earnings results on Wednesday, May 26th.

According to Zacks, analysts expect that Nutanix will report full-year sales of $1.35 billion for the current financial year, with estimates ranging from $1.32 billion to $1.37 billion. For the next fiscal year, analysts expect that the company will post sales of $1.50 billion, with estimates ranging from $1.43 billion to $1.59 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Nutanix.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, February 24th. The technology company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.55. Nutanix had a negative net margin of 69.59% and a negative return on equity of 1,175,319.00%.

A number of research analysts have weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Nutanix from $35.00 to $40.00 in a report on Thursday, February 25th. Oppenheimer reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Nutanix in a report on Tuesday, March 9th. Northland Securities reissued a “buy” rating on shares of Nutanix in a research note on Tuesday, February 23rd. KeyCorp boosted their target price on shares of Nutanix from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 3rd. Finally, Morgan Stanley boosted their target price on shares of Nutanix from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 4th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $35.07.

In related news, CAO Aaron Boynton sold 3,166 shares of the company’s stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $26.85, for a total transaction of $85,007.10. Following the completion of the sale, the chief accounting officer now owns 26,880 shares of the company’s stock, valued at approximately $721,728. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dheeraj Pandey sold 1,210,000 shares of the business’s stock in a transaction dated Tuesday, March 9th. The shares were sold at an average price of $26.50, for a total transaction of $32,065,000.00. Following the completion of the transaction, the insider now owns 886,000 shares in the company, valued at $23,479,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,252,555 shares of company stock valued at $33,207,602. 6.66% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of NTNX. Lincoln National Corp acquired a new position in shares of Nutanix in the 4th quarter worth approximately $311,000. National Asset Management Inc. acquired a new position in shares of Nutanix in the 4th quarter worth approximately $203,000. ExodusPoint Capital Management LP acquired a new position in shares of Nutanix in the 4th quarter worth approximately $9,050,000. Oppenheimer & Co. Inc. lifted its holdings in shares of Nutanix by 13.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 15,292 shares of the technology company’s stock worth $488,000 after acquiring an additional 1,840 shares during the last quarter. Finally, Accel Wealth Management acquired a new position in shares of Nutanix in the 4th quarter worth approximately $26,000. Institutional investors own 66.96% of the company’s stock.

NTNX traded up $0.73 on Monday, reaching $27.99. The stock had a trading volume of 28,589 shares, compared to its average volume of 1,821,854. Nutanix has a 12-month low of $15.63 and a 12-month high of $35.58. The business’s 50-day moving average price is $28.54 and its two-hundred day moving average price is $28.45. The company has a market cap of $5.72 billion, a P/E ratio of -5.93 and a beta of 1.97.

About Nutanix

Nutanix, Inc develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis, an enterprise cloud platform that converges virtualization, enterprise storage services, and networking services; Nutanix Prism, a consumer-grade control plane, which provides management and analytics; and Acropolis Hypervisor, an enterprise-grade virtualization solution.

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