Several other research firms have also recently weighed in on NTNX. Maxim Group raised their price target on Nutanix from $48.00 to $52.00 and gave the company a buy rating in a report on Tuesday, November 26th. Zacks Investment Research upgraded Nutanix from a sell rating to a hold rating and set a $39.00 price target for the company in a report on Monday, December 2nd. Piper Jaffray Companies raised their price target on Nutanix from $29.00 to $35.00 and gave the company a neutral rating in a report on Tuesday, November 26th. Stifel Nicolaus cut their price target on Nutanix from $34.00 to $30.00 and set a hold rating for the company in a report on Thursday, February 27th. Finally, KeyCorp cut their price target on Nutanix from $42.00 to $38.00 and set an overweight rating for the company in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $38.40.
NASDAQ:NTNX opened at $17.62 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 9.21. Nutanix has a 12-month low of $11.31 and a 12-month high of $43.71. The stock has a 50-day moving average price of $25.86 and a 200 day moving average price of $29.08. The stock has a market capitalization of $3.63 billion, a P/E ratio of -3.89 and a beta of 1.62.
Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, February 26th. The technology company reported ($0.60) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.10) by $0.50. Nutanix had a negative return on equity of 650.18% and a negative net margin of 68.13%. The firm had revenue of $346.77 million during the quarter, compared to analysts’ expectations of $342.04 million. On average, research analysts predict that Nutanix will post -4.56 earnings per share for the current fiscal year.
In other news, CAO Aaron Boynton sold 3,003 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $12.61, for a total value of $37,867.83. Following the completion of the sale, the chief accounting officer now directly owns 12,872 shares of the company’s stock, valued at approximately $162,315.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dheeraj Pandey sold 115,293 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $31.89, for a total value of $3,676,693.77. Following the completion of the sale, the chief executive officer now directly owns 29,451 shares of the company’s stock, valued at $939,192.39. The disclosure for this sale can be found here. Insiders sold a total of 166,042 shares of company stock valued at $4,316,639 over the last ninety days. Corporate insiders own 9.79% of the company’s stock.
Large investors have recently bought and sold shares of the company. CWM LLC lifted its stake in shares of Nutanix by 119.8% during the 4th quarter. CWM LLC now owns 879 shares of the technology company’s stock worth $27,000 after acquiring an additional 479 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Nutanix by 556.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,070 shares of the technology company’s stock worth $33,000 after acquiring an additional 907 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Nutanix by 694.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,203 shares of the technology company’s stock worth $85,000 after acquiring an additional 2,800 shares during the last quarter. Advisory Alpha LLC bought a new stake in shares of Nutanix during the 4th quarter worth approximately $88,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Nutanix during the 4th quarter worth approximately $95,000. 68.74% of the stock is owned by institutional investors and hedge funds.
Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.
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