Nutanix, Inc. (NASDAQ:NTNX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Nutanix, Inc. (NASDAQ:NTNX – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $72.00.

A number of analysts have recently issued reports on NTNX shares. Barclays lowered their price objective on Nutanix from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. JPMorgan Chase & Co. boosted their price objective on Nutanix from $70.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, May 24th. KeyCorp boosted their price objective on Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Northland Securities cut Nutanix from an “outperform” rating to a “market perform” rating and set a $71.00 price objective on the stock. in a research report on Thursday, May 30th. Finally, Northland Capmk cut Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 30th.

Check Out Our Latest Report on Nutanix

Nutanix Stock Up 1.3 %

Shares of NASDAQ NTNX opened at $49.82 on Friday. The business’s 50 day moving average is $52.79 and its two-hundred day moving average is $59.06. The company has a market cap of $12.29 billion, a P/E ratio of -711.71, a P/E/G ratio of 4.45 and a beta of 1.16. Nutanix has a 12 month low of $29.18 and a 12 month high of $73.69.

Nutanix (NASDAQ:NTNX – Get Free Report) last issued its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.12. The company had revenue of $524.58 million for the quarter, compared to the consensus estimate of $516.13 million. Nutanix had a negative return on equity of 7.74% and a negative net margin of 0.57%. Sell-side analysts expect that Nutanix will post 0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO David Sangster sold 10,384 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $562,708.96. Following the transaction, the chief operating officer now owns 64,333 shares of the company’s stock, valued at $3,486,205.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Nutanix news, COO David Sangster sold 10,384 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total value of $562,708.96. Following the transaction, the chief operating officer now owns 64,333 shares of the company’s stock, valued at $3,486,205.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Rajiv Ramaswami sold 23,986 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $1,299,801.34. Following the completion of the transaction, the chief executive officer now directly owns 407,045 shares in the company, valued at approximately $22,057,768.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,936 shares of company stock valued at $2,531,273. 0.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Nutanix

Large investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Nutanix in the first quarter worth about $1,384,000. Cetera Investment Advisers grew its holdings in shares of Nutanix by 48.7% during the first quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock worth $4,697,000 after buying an additional 24,918 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Nutanix by 1.4% during the first quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock worth $1,548,378,000 after buying an additional 346,414 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Nutanix by 0.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 103,926 shares of the technology company’s stock worth $4,956,000 after buying an additional 943 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Nutanix by 387.1% during the first quarter. Nordea Investment Management AB now owns 2,612,812 shares of the technology company’s stock worth $162,229,000 after buying an additional 2,076,377 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Nutanix Company Profile

(Get Free Report

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.

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