Nutanix shares were downgraded by Northland Capmk from a strong-buy to a hold rating. Other research firms, including Bank of America and Susquehanna, have given Nutanix positive ratings and raised their price targets. The company’s stock has a one-year low of $26.47 and a high of $73.69, with a market cap of $13.77 billion. Nutanix reported a negative net margin and return on equity in their last quarterly earnings release, with analysts forecasting negative EPS for the current fiscal year. CEO Rajiv Ramaswami sold shares of the company’s stock, as did CFO Rukmini Sivaraman. Institutional investors and hedge funds have been increasing their stakes in Nutanix, with Principal Financial Group Inc. and Victory Capital Management Inc. being among them. Nutanix offers cloud platform and hyperconverged infrastructure software services.
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https://www.defenseworld.net/2024/05/31/nutanix-nasdaqntnx-lowered-to-hold-at-northland-capmk.html
