Weekly Investment Analysts’ Ratings Changes for Nutanix (NTNX)

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Nutanix (NASDAQ: NTNX) has recently received a number of price target changes and ratings updates:

  • 9/25/2018 – Nutanix was given a new $71.00 price target on by analysts at Raymond James. They now have a “buy” rating on the stock.
  • 9/24/2018 – Nutanix was downgraded by analysts at UBS Group AG to a “neutral” rating.
  • 9/24/2018 – Nutanix had its “negative” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $33.00 price target on the stock, down previously from $55.00.
  • 9/19/2018 – Nutanix had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $71.00 price target on the stock.
  • 8/31/2018 – Nutanix was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Nutanix’s Q4 results benefited from expanding clientele and growth in Software and support business. The company is considered a pioneer of hyper converged infrastructure market, which is projected to grow rapidly in the long term. The company’s built-in hypervisor has been gaining significant traction as customers continue to select it as a low-cost alternative to other vendor offerings. Moreover, the newly launched products are expected to help customers better manage their hybrid cloud environment. Shares outperformed the industry on a year-to-date basis. However, Nutanix faces significant competition in most of the markets it operates. The delay in the launch of Xi Cloud Service is a concern. Moreover, increase in spending is anticipated to keep margins under pressure. The company's estimated loss for the first quarter is wider than the consensus estimate and this does not bode well.”
  • 8/31/2018 – Nutanix had its price target raised by analysts at Morgan Stanley from $55.00 to $57.00. They now have an “equal weight” rating on the stock.
  • 8/31/2018 – Nutanix had its price target raised by analysts at Needham & Company LLC from $65.00 to $71.00. They now have a “buy” rating on the stock.
  • 8/31/2018 – Nutanix had its price target raised by analysts at Raymond James from $64.00 to $74.00. They now have a “buy” rating on the stock.
  • 8/30/2018 – Nutanix was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $54.00 price target on the stock, up previously from $39.00.
  • 8/27/2018 – Nutanix had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies.
  • 8/24/2018 – Nutanix was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Nutanix is facing intense competition from the likes of Cisco, Hewlett Packard Enterprise and NetApp in the hyperconverged infrastructure (HCI) market. Moreover, the company’s continued investments are expected to hurt profitability in the near term. The delay in the launch of Xi Cloud Service, now reportedly expected in 2019 instead of the second half of 2018, doesn’t bode well for Nutanix. Nevertheless, the company is considered as a pioneer of the HCI market. Its built-in hypervisor has been gaining significant traction, as customers continue to select it as a low-cost alternative to other vendor offerings. Shares have outperformed the industry on a year-to-date basis. Estimates have been stable lately ahead of the company’s Q4 earnings release. The company has mixed record of earnings surprises in recent quarters.”
  • 8/17/2018 – Nutanix was downgraded by analysts at Jefferies Financial Group Inc from a “buy” rating to a “hold” rating. They now have a $30.00 price target on the stock.

NTNX opened at $43.12 on Wednesday. The firm has a market cap of $7.93 billion, a PE ratio of -25.51 and a beta of 0.40. Nutanix Inc has a 52-week low of $21.63 and a 52-week high of $64.87. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 1.19.

Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, August 30th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.37. The company had revenue of $303.75 million for the quarter, compared to analyst estimates of $298.30 million. Nutanix had a negative return on equity of 95.75% and a negative net margin of 25.72%. equities analysts forecast that Nutanix Inc will post -2.18 earnings per share for the current year.

In related news, EVP David Sangster sold 7,916 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $55.75, for a total transaction of $441,317.00. Following the completion of the sale, the executive vice president now directly owns 7,916 shares in the company, valued at approximately $441,317. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John Mcadam sold 15,000 shares of the company’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $51.46, for a total value of $771,900.00. Following the sale, the director now owns 84,648 shares of the company’s stock, valued at $4,355,986.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,204 shares of company stock valued at $4,112,852. 19.81% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new stake in shares of Nutanix during the 2nd quarter worth $174,000. Aperio Group LLC bought a new stake in shares of Nutanix during the 1st quarter worth $205,000. AMP Capital Investors Ltd bought a new stake in shares of Nutanix during the 2nd quarter worth $232,000. People s United Financial Inc. bought a new stake in shares of Nutanix during the 2nd quarter worth $271,000. Finally, Public Employees Retirement Association of Colorado lifted its position in shares of Nutanix by 247.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,546 shares of the technology company’s stock worth $286,000 after buying an additional 3,948 shares during the last quarter. Institutional investors and hedge funds own 49.43% of the company’s stock.

Nutanix, Inc develops and provides an enterprise cloud operating system software. It offers enterprise applications, virtual desktop infrastructure, virtualization and cloud, big data, remote and branch office IT, and data protection and disaster recovery solutions; and hardware platforms and software options; and support and services.

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