Nutanix, Inc. (NASDAQ: NTNX) saw its stock price reach a new 52-week high on Tuesday, trading as high as $73.37 and closing at $72.39 on a volume of 404,157 shares. Wall Street analysts have been bullish on NTNX stock, with several raising their target prices and giving the stock buy ratings. The stock’s 50-day moving average price is $64.03, and its 200-day moving average price is $55.30. In terms of financial performance, Nutanix reported earnings per share of $0.17 for the quarter ending on February 28th, with revenue of $565.23 million. Analysts predict the company will post -0.04 earnings per share for the current fiscal year.
In terms of internal transactions, Director Steven J. Gomo and insider Tyler Wall have sold shares of Nutanix, with Gomo selling 25,000 shares and Wall selling 15,000 shares in separate transactions. Several institutional investors have also made moves with NTNX stock, with some purchasing new positions in the company. 85.25% of the company’s shares are owned by institutional investors.
Nutanix, Inc. provides an enterprise cloud platform globally, offering a hyperconverged infrastructure software stack, virtualization solutions, network security services, and cloud clusters. They aim to simplify provisioning, operations, and lifecycle management of cloud-native environments and applications.
To receive daily news and ratings for Nutanix, readers can enter their email address on MarketBeat.com to get a concise daily summary of the latest news and analyst ratings for Nutanix and related companies for free. Overall, Nutanix has been performing well in the stock market, with positive analyst recommendations and a strong financial performance.
Article Source
https://www.defenseworld.net/2024/05/23/nutanix-nasdaqntnx-sets-new-52-week-high-at-73-37.html