Nutanix Inc (NTNX) Releases Q2 Earnings Guidance
Nutanix Inc (NASDAQ:NTNX) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $(0.36)-(0.35) for the period, compared to the Thomson Reuters consensus estimate of ($0.37). The company issued revenue guidance of $175-180 million, compared to the consensus revenue estimate of $168.37 million.
Nutanix Inc (NASDAQ:NTNX) opened at 34.09 on Wednesday. The company’s market capitalization is $1.57 billion. Nutanix Inc has a 52-week low of $23.11 and a 52-week high of $46.78. The company’s 50-day moving average price is $29.71 and its 200 day moving average price is $30.98.
NTNX has been the subject of a number of recent analyst reports. Maxim Group initiated coverage on Nutanix in a research note on Friday, September 30th. They issued a buy rating and a $40.00 price objective for the company. Vetr upgraded Nutanix from a hold rating to a strong-buy rating and set a $47.17 target price on the stock in a research report on Tuesday, October 4th. Summit Redstone initiated coverage on Nutanix in a research report on Friday, October 14th. They issued a sell rating on the stock. They noted that the move was a valuation call. JMP Securities initiated coverage on Nutanix in a research report on Tuesday, October 18th. They issued an outperform rating and a $38.00 target price on the stock. Finally, BTIG Research initiated coverage on Nutanix in a research report on Wednesday, October 19th. They issued a neutral rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $36.26.
In other Nutanix news, major shareholder Canada Pension Plan Investment bought 104,200 shares of the business’s stock in a transaction dated Wednesday, October 26th. The shares were purchased at an average price of $28.96 per share, with a total value of $3,017,632.00. Following the completion of the purchase, the insider now owns 1,945,407 shares in the company, valued at approximately $56,338,986.72. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD purchased a new position in shares of Nutanix during the third quarter valued at about $24,050,000. Jane Street Group LLC purchased a new position in shares of Nutanix during the third quarter valued at about $334,000. D. E. Shaw & Co. Inc. purchased a new position in shares of Nutanix during the third quarter valued at about $2,487,000. United Services Automobile Association purchased a new position in shares of Nutanix during the third quarter valued at about $685,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of Nutanix during the third quarter valued at about $3,685,000.
Nutanix Company Profile
Nutanix, Inc (Nutanix) provides an enterprise cloud platform that converges silos of server, virtualization and storage into one integrated solution and connects to public cloud services. The Company’s software-driven platform delivers the scalability and pay-as-you-grow economics of the public cloud, while addressing enterprise requirements of application mobility, security, data integrity and control.
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