Shares of Nutanix Inc (NASDAQ:NTNX) have been assigned an average rating of “Buy” from the twenty-four brokerages that are currently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $36.07.

Several equities analysts have commented on the company. William Blair reiterated a “buy” rating on shares of Nutanix in a research report on Thursday, August 29th. Piper Jaffray Companies assumed coverage on Nutanix in a research report on Monday, November 4th. They issued a “neutral” rating and a $29.00 target price for the company. Bank of America reiterated a “buy” rating and issued a $35.00 target price (down from $41.00) on shares of Nutanix in a research report on Tuesday, August 13th. Needham & Company LLC set a $46.00 target price on Nutanix and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Maxim Group set a $48.00 target price on Nutanix and gave the company a “buy” rating in a research report on Thursday, October 17th.

In other news, COO David Sangster sold 5,852 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $26.71, for a total value of $156,306.92. Following the completion of the sale, the chief operating officer now owns 32,703 shares of the company’s stock, valued at $873,497.13. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dheeraj Pandey sold 9,489 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $26.71, for a total value 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 disclosure for this sale can be found here. In 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.

Hedge funds have recently modified their holdings of the company. Generation Investment Management LLP acquired a new stake in Nutanix during the second quarter worth approximately $374,127,000. Eminence Capital LP acquired a new stake in Nutanix during the second quarter worth approximately $99,453,000. ARK Investment Management LLC grew its stake in Nutanix by 651.0% during the second quarter. ARK Investment Management LLC now owns 1,412,100 shares of the technology company’s stock worth $36,630,000 after purchasing an additional 1,224,081 shares during the period. First Trust Advisors LP grew its stake in Nutanix by 167.4% during the second quarter. First Trust Advisors LP now owns 1,952,096 shares of the technology company’s stock worth $50,637,000 after purchasing an additional 1,221,956 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in Nutanix by 2,891.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,111,918 shares of the technology company’s stock worth $28,843,000 after purchasing an additional 1,074,748 shares during the period. 63.57% of the stock is owned by institutional investors.

Shares of NTNX stock opened at $27.58 on Thursday. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.46. Nutanix has a twelve month low of $17.74 and a twelve month high of $54.68. The company has a market cap of $5.25 billion, a P/E ratio of -8.67 and a beta of 1.32. The business has a fifty day simple moving average of $26.80 and a 200 day simple moving average of $27.37.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, August 28th. The technology company reported ($0.96) EPS for the quarter, beating the consensus estimate of ($1.05) by $0.09. The firm had revenue of $299.90 million during the quarter, compared to the consensus estimate of $293.49 million. Nutanix had a negative return on equity of 172.43% and a negative net margin of 50.25%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the company earned ($0.11) earnings per share. As a group, equities research analysts anticipate that Nutanix will post -4.39 earnings per share for the current fiscal year.

Nutanix Company Profile

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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Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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