Nutanix Inc. (NTNX) Given a $25.00 Price Target by Stifel Nicolaus Analysts
Several other equities research analysts have also recently commented on NTNX. Robert W. Baird reiterated a buy rating on shares of Nutanix in a research report on Friday, May 26th. Goldman Sachs Group, Inc. (The) upgraded shares of Nutanix from a buy rating to a conviction-buy rating and set a $31.00 price target on the stock in a research report on Friday, July 14th. Maxim Group reiterated a buy rating and issued a $41.00 price target on shares of Nutanix in a research report on Saturday, June 3rd. Susquehanna Bancshares Inc reiterated a neutral rating and issued a $19.00 price target (up from $18.00) on shares of Nutanix in a research report on Monday, May 29th. Finally, Piper Jaffray Companies set a $27.00 price target on shares of Nutanix and gave the stock a buy rating in a research report on Saturday, May 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Nutanix presently has a consensus rating of Buy and a consensus target price of $31.41.
Shares of Nutanix (NASDAQ NTNX) opened at 21.84 on Tuesday. The firm’s market capitalization is $3.31 billion. The company has a 50-day moving average of $21.44 and a 200-day moving average of $21.06. Nutanix has a 52 week low of $14.38 and a 52 week high of $46.78.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Thursday, May 25th. The technology company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.45) by $0.32. Nutanix had a negative return on equity of 5,196.17% and a negative net margin of 61.32%. The business had revenue of $191.76 million during the quarter, compared to the consensus estimate of $186.56 million. The company’s revenue was up 67.2% compared to the same quarter last year. On average, equities analysts forecast that Nutanix will post ($1.45) earnings per share for the current fiscal year.
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In other Nutanix news, CFO Duston Williams sold 80,244 shares of Nutanix stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $17.23, for a total transaction of $1,382,604.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Kenneth W. Long III sold 30,000 shares of Nutanix stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $24.00, for a total value of $720,000.00. Following the transaction, the vice president now directly owns 240,234 shares in the company, valued at approximately $5,765,616. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,593,737 shares of company stock worth $72,410,888.
Large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its stake in shares of Nutanix by 6.3% in the second quarter. Public Employees Retirement System of Ohio now owns 135,605 shares of the technology company’s stock valued at $2,732,000 after buying an additional 8,066 shares during the last quarter. Fairfield Bush & CO. purchased a new stake in shares of Nutanix during the second quarter valued at approximately $2,760,000. California State Teachers Retirement System boosted its stake in shares of Nutanix by 107.0% in the second quarter. California State Teachers Retirement System now owns 61,700 shares of the technology company’s stock valued at $1,243,000 after buying an additional 31,900 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Nutanix by 661.5% in the second quarter. The Manufacturers Life Insurance Company now owns 30,383 shares of the technology company’s stock valued at $612,000 after buying an additional 26,393 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Nutanix by 146.7% in the second quarter. State Street Corp now owns 547,995 shares of the technology company’s stock valued at $11,042,000 after buying an additional 325,821 shares during the last quarter. 19.64% of the stock is owned by institutional investors and hedge funds.
Nutanix Company Profile
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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