OTR Global Upgrades Nutanix (NASDAQ:NTNX) to “Positive”

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Nutanix (NASDAQ:NTNX) was upgraded by investment analysts at OTR Global to a “positive” rating in a report issued on Wednesday, The Fly reports.

NTNX has been the topic of a number of other research reports. BidaskClub downgraded Nutanix from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Robert W. Baird set a $29.00 target price on Nutanix and gave the company a “buy” rating in a research report on Friday, September 13th. ValuEngine raised Nutanix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 1st. Morgan Stanley decreased their target price on Nutanix from $35.00 to $29.00 and set an “equal weight” rating for the company in a research report on Thursday, August 29th. Finally, Stifel Nicolaus set a $22.00 target price on Nutanix and gave the company a “hold” rating in a research report on Friday, August 16th. Nine analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $37.56.

NTNX opened at $29.69 on Wednesday. Nutanix has a one year low of $17.74 and a one year high of $54.68. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.46. The business’s 50-day simple moving average is $27.30 and its 200-day simple moving average is $26.82.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.96) EPS for the quarter, beating analysts’ consensus estimates of ($1.05) by $0.09. Nutanix had a negative return on equity of 172.43% and a negative net margin of 50.25%. The business had revenue of $299.90 million for the quarter, compared to the consensus estimate of $293.49 million. During the same quarter in the prior year, the business posted ($0.11) EPS. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts expect that Nutanix will post -4.39 earnings per share for the current year.

In other Nutanix news, CEO Dheeraj Pandey sold 9,489 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $26.71, for a total transaction of $253,451.19. Following the completion of the sale, the chief executive officer now directly owns 250,975 shares of the company’s stock, valued at approximately $6,703,542.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Duston Williams sold 19,610 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $26.71, for a total value of $523,783.10. Following the sale, the chief financial officer now directly owns 218,596 shares of the company’s stock, valued at $5,838,699.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,951 shares of company stock valued at $933,541. Insiders own 9.79% of the company’s stock.

A number of institutional investors have recently bought and sold shares of NTNX. AdvisorNet Financial Inc lifted its position in Nutanix by 8,992.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,182 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,169 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in Nutanix by 802.1% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,526 shares of the technology company’s stock worth $66,000 after acquiring an additional 2,246 shares during the period. Advisory Services Network LLC lifted its position in Nutanix by 986.7% during the 2nd quarter. Advisory Services Network LLC now owns 2,771 shares of the technology company’s stock worth $71,000 after acquiring an additional 2,516 shares during the period. Creative Financial Designs Inc. ADV lifted its position in Nutanix by 31.9% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,995 shares of the technology company’s stock worth $78,000 after acquiring an additional 725 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in 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 period. 64.49% of the stock is owned by institutional investors.

About Nutanix

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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The Fly

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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