Nutanix (NASDAQ:NTNX) Raised to “Strong-Buy” at Rosenblatt Securities

Nutanix (NASDAQ:NTNXGet Free Report) was upgraded by stock analysts at Rosenblatt Securities to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Several other analysts have also weighed in on NTNX. Morgan Stanley lowered their target price on shares of Nutanix from $62.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 24th. Barclays reduced their price target on Nutanix from $53.00 to $47.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. William Blair reiterated a “market perform” rating on shares of Nutanix in a report on Monday, March 23rd. UBS Group boosted their price target on shares of Nutanix from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Bank of America cut their price objective on Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $62.27.

Read Our Latest Research Report on Nutanix

Nutanix Price Performance

Nutanix stock opened at $41.10 on Wednesday. Nutanix has a 12 month low of $35.39 and a 12 month high of $83.36. The stock’s 50-day moving average is $39.98 and its 200-day moving average is $53.61. The company has a market cap of $10.90 billion, a price-to-earnings ratio of 44.67, a price-to-earnings-growth ratio of 4.07 and a beta of 0.52.

Nutanix (NASDAQ:NTNXGet Free Report) last posted its earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.12. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.The business had revenue of $722.83 million during the quarter, compared to analyst estimates of $709.83 million. During the same quarter last year, the firm earned $0.47 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Research analysts anticipate that Nutanix will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NTNX. New Millennium Group LLC bought a new position in Nutanix during the fourth quarter worth about $28,000. SJS Investment Consulting Inc. increased its position in Nutanix by 3,122.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock valued at $53,000 after acquiring an additional 687 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Nutanix in the 4th quarter worth approximately $39,000. Covestor Ltd lifted its stake in shares of Nutanix by 73.1% during the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after acquiring an additional 324 shares during the period. Finally, Harbour Investments Inc. lifted its position in Nutanix by 159.4% during the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after purchasing an additional 502 shares during the period. 85.25% of the stock is owned by institutional investors.

Key Headlines Impacting Nutanix

Here are the key news stories impacting Nutanix this week:

About Nutanix

(Get Free Report)

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.

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