Nutanix (NTNX) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Nutanix (NASDAQ:NTNX) from a sell rating to a hold rating in a research report sent to investors on Friday.

Several other research firms have also recently weighed in on NTNX. Oppenheimer reiterated a buy rating and issued a $43.00 target price on shares of Nutanix in a research note on Tuesday, January 9th. KeyCorp reiterated an overweight rating and issued a $42.00 target price (up previously from $37.00) on shares of Nutanix in a research note on Thursday, January 11th. JPMorgan Chase & Co. cut shares of Nutanix from a neutral rating to an underweight rating and set a $35.00 target price for the company. in a research note on Thursday, January 25th. Royal Bank of Canada reiterated a buy rating and issued a $40.00 target price on shares of Nutanix in a research note on Friday, December 1st. Finally, Morgan Stanley increased their target price on shares of Nutanix from $22.00 to $35.00 and gave the company a hold rating in a research note on Friday, December 1st. Three research analysts have rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $36.00.

Nutanix (NTNX) traded up $0.75 during midday trading on Friday, hitting $35.60. 2,170,000 shares of the company traded hands, compared to its average volume of 3,450,000. Nutanix has a twelve month low of $14.38 and a twelve month high of $38.80. The company has a market capitalization of $5,830.00 and a PE ratio of -14.71.

Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.10. Nutanix had a negative net margin of 40.81% and a negative return on equity of 271.31%. The business had revenue of $275.60 million during the quarter, compared to analysts’ expectations of $267.02 million. During the same quarter last year, the company earned ($0.37) earnings per share. The firm’s revenue was up 46.1% on a year-over-year basis. research analysts predict that Nutanix will post -1.71 EPS for the current year.

In other news, Director Jeffrey T. Parks sold 285,975 shares of Nutanix stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $37.54, for a total value of $10,735,501.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Sudheesh Nair Vadakkedath sold 50,000 shares of Nutanix stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $34.07, for a total transaction of $1,703,500.00. Following the completion of the transaction, the president now owns 228,330 shares of the company’s stock, valued at approximately $7,779,203.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,326,667 shares of company stock valued at $47,327,622. Corporate insiders own 19.81% of the company’s stock.

Large investors have recently bought and sold shares of the company. Scott & Selber Inc. bought a new position in shares of Nutanix in the third quarter valued at approximately $1,398,000. California State Teachers Retirement System raised its stake in shares of Nutanix by 47.3% in the third quarter. California State Teachers Retirement System now owns 90,900 shares of the technology company’s stock valued at $2,035,000 after acquiring an additional 29,200 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Nutanix in the third quarter valued at approximately $441,000. Great West Life Assurance Co. Can raised its stake in shares of Nutanix by 1,837.8% in the third quarter. Great West Life Assurance Co. Can now owns 71,700 shares of the technology company’s stock valued at $1,602,000 after acquiring an additional 68,000 shares during the last quarter. Finally, Cowen Prime Services LLC raised its stake in shares of Nutanix by 33.7% in the fourth quarter. Cowen Prime Services LLC now owns 20,450 shares of the technology company’s stock valued at $721,000 after acquiring an additional 5,150 shares during the last quarter. Institutional investors own 38.31% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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