Nutanix Inc (NTNX) Given Consensus Rating of “Buy” by Brokerages

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Nutanix Inc (NASDAQ:NTNX) has been assigned a consensus recommendation of “Buy” from the twenty-five analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and twenty have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $54.85.

Several equities analysts have weighed in on the stock. KeyCorp reiterated a “buy” rating and set a $61.00 price objective on shares of Nutanix in a research report on Tuesday, March 13th. Jefferies Financial Group lifted their price objective on shares of Nutanix to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, March 13th. Stifel Nicolaus assumed coverage on shares of Nutanix in a research report on Friday, March 9th. They set a “buy” rating and a $52.00 price objective on the stock. Robert W. Baird reiterated a “buy” rating and set a $61.00 price objective on shares of Nutanix in a research report on Thursday, May 10th. Finally, Wells Fargo & Co lifted their price objective on shares of Nutanix from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, June 25th.

NASDAQ:NTNX traded down $0.14 during midday trading on Monday, hitting $51.43. 73,657 shares of the stock were exchanged, compared to its average volume of 4,462,587. Nutanix has a one year low of $18.62 and a one year high of $64.87. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of -15.38 and a beta of 0.46. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.05 and a quick ratio of 3.05.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Thursday, May 24th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.02). The company had revenue of $289.40 million during the quarter, compared to the consensus estimate of $278.72 million. Nutanix had a negative net margin of 27.88% and a negative return on equity of 126.21%. Nutanix’s quarterly revenue was up 40.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.42) EPS. sell-side analysts expect that Nutanix will post -1.74 EPS for the current year.

In related news, Director Michael Scarpelli sold 50,000 shares of the company’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $60.99, for a total value of $3,049,500.00. Following the completion of the sale, the director now directly owns 58,165 shares in the company, valued at $3,547,483.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Sangster sold 7,916 shares of the business’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $55.64, for a total transaction of $440,446.24. Following the transaction, the executive vice president now directly owns 7,916 shares of the company’s stock, valued at approximately $440,446.24. The disclosure for this sale can be found here. Insiders sold 657,926 shares of company stock valued at $36,210,337 over the last quarter. 19.81% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. lifted its position in Nutanix by 1,600.0% during the 1st quarter. Thompson Davis & CO. Inc. now owns 2,125 shares of the technology company’s stock worth $104,000 after acquiring an additional 2,000 shares during the last quarter. Delpha Capital Management LLC acquired a new position in shares of Nutanix during the fourth quarter valued at about $104,000. Focused Wealth Management Inc raised its position in shares of Nutanix by 107.2% during the fourth quarter. Focused Wealth Management Inc now owns 4,059 shares of the technology company’s stock valued at $143,000 after buying an additional 2,100 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its stake in Nutanix by 97.6% in the first quarter. Thompson Siegel & Walmsley LLC now owns 4,150 shares of the technology company’s stock valued at $204,000 after acquiring an additional 2,050 shares during the period. Finally, Aperio Group LLC bought a new stake in Nutanix in the first quarter valued at about $205,000. 50.39% of the stock is owned by hedge funds and other institutional investors.

About Nutanix

Nutanix, Inc develops and provides an enterprise cloud operating system software. It offers enterprise applications, virtual desktop infrastructure, virtualization and cloud, big data, remote and branch office IT, and data protection and disaster recovery solutions; and hardware platforms and software options; and support and services.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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