Investors, both new and seasoned, strive to make the most of the stock market and invest with confidence. This can be easier with the help of Zacks Style Scores, which evaluate stocks based on popular investing strategies like value, growth, and momentum. These scores can assist in identifying which stocks are best for a portfolio … Read more
Nutanix, Inc. CEO Rajiv Ramaswami sold almost 24,000 shares of Nutanix stock at an average price of $54.19, totaling over $1.2 million. After the transaction, he owns over 400,000 shares worth around $22 million. The company’s stock price opened at $53.42 on Wednesday, with a 50-day average of $62.27 and a 200-day average of $57.91. … Read more
Nutanix, Inc. (NASDAQ:NTNX) has received a “Moderate Buy” rating from fifteen analysts. The stock has four hold ratings and eleven buy ratings, with an average price target of $72.00. Analyst reports have varied, with price target changes from $62.00 to $80.00. The stock currently trades at $53.40, with a market cap of $13.17 billion. Recent … Read more
The technology company Nutanix, listed on NASDAQ as NTNX, had its target price lowered by Morgan Stanley from $72.00 to $62.00 in a recent research report. This adjustment prompted a number of other research analysts to issue their own reports on the stock. Raymond James upgraded Nutanix to an outperform rating and increased their target … Read more
Kapitalo Investimentos Ltda recently purchased a new position in Nutanix, Inc. during the fourth quarter, acquiring 770 shares valued at $37,000. Other institutional investors and hedge funds have also made changes to their holdings of the company. FIL Ltd increased its stake by 74.7%, Norges Bank and Jericho Capital Asset Management L.P. acquired new stakes, … Read more
Nutanix (NTNX) reported strong second-quarter fiscal 2024 earnings, surpassing expectations with earnings of 46 cents per share compared to the expected 29 cents. Revenues also grew 16% year over year to $565.2 million, driven by the company’s core hyper-converged infrastructure software and new capabilities. Nutanix continues to see strong adoption of its hybrid multi-cloud solutions … Read more
Nutanix (NTNX) reported strong third-quarter fiscal 2024 results, with non-GAAP earnings of 28 cents per share, surpassing the Zacks Consensus Estimate by 64.71%. Revenues increased 17% year over year to $524.6 million, primarily driven by growth in hyper-converged infrastructure software. Annual Contract Value (ACV) billings jumped 20% to $288.9 million. Product revenues increased 20.2% to … Read more
Nutanix (NTNX) received a price target increase from Needham & Company LLC, rising from $72.00 to $80.00 and maintaining a buy rating on the stock. Other analysts, including Morgan Stanley and Bank of America, have also raised their price targets for Nutanix. The company’s stock performance has been positive, with an average rating of Moderate … Read more
Stocks fell Thursday as Salesforce issued a weak outlook and rising bond yields weighed on sentiment. Salesforce fell 20% after reporting first-quarter earnings that beat expectations but revenue fell short and the outlook for the current fiscal second quarter missed estimates. Analysts were expecting revenue of $9.35 billion and profit of $2.40, but Salesforce expects … Read more
Allianz Asset Management GmbH increased its stake in Nutanix, Inc. during the 4th quarter, now owning over 200,000 shares. Other large investors like Massachusetts Financial Services Co. and M&T Bank Corp have also adjusted their positions in the company. Nutanix’s stock price has fluctuated between $26.47 and $73.69 in the past year, currently trading at … Read more