Nutanix, Inc. (NASDAQ:NTNX) Receives $42.18 Consensus PT from Brokerages

Shares of Nutanix, Inc. (NASDAQ:NTNXGet Rating) have earned an average recommendation of “Buy” from the fifteen brokerages that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $42.18.

Several research firms have recently weighed in on NTNX. Needham & Company LLC decreased their price objective on Nutanix from $71.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, March 3rd. Wells Fargo & Company decreased their price target on shares of Nutanix from $40.00 to $35.00 and set an “equal weight” rating for the company in a research note on Thursday, March 3rd. KeyCorp started coverage on shares of Nutanix in a research report on Tuesday, January 18th. They set an “overweight” rating and a $39.00 price objective on the stock. Morgan Stanley reduced their target price on shares of Nutanix from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Tuesday, April 12th. Finally, StockNews.com started coverage on Nutanix in a report on Thursday, March 31st. They set a “hold” rating on the stock.

In other Nutanix news, CEO Rajiv Ramaswami sold 5,000 shares of the stock in a transaction on Friday, March 18th. The stock was sold at an average price of $24.72, for a total value of $123,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tyler Wall sold 4,563 shares of the stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $23.78, for a total value of $108,508.14. The disclosure for this sale can be found here. In the last three months, insiders sold 82,652 shares of company stock worth $1,970,165. Corporate insiders own 0.92% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in NTNX. CWM LLC purchased a new position in Nutanix in the fourth quarter worth $32,000. Carroll Investors Inc purchased a new position in Nutanix in the fourth quarter worth $42,000. O Shaughnessy Asset Management LLC raised its position in Nutanix by 26.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 1,537 shares of the technology company’s stock worth $58,000 after acquiring an additional 321 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of Nutanix in the fourth quarter valued at $59,000. Finally, Koshinski Asset Management Inc. increased its position in shares of Nutanix by 23.9% in the fourth quarter. Koshinski Asset Management Inc. now owns 2,902 shares of the technology company’s stock valued at $92,000 after buying an additional 560 shares in the last quarter. Hedge funds and other institutional investors own 74.27% of the company’s stock.

NASDAQ:NTNX opened at $26.01 on Thursday. The stock has a 50-day simple moving average of $25.93 and a 200-day simple moving average of $30.31. The stock has a market cap of $5.74 billion, a P/E ratio of -5.46 and a beta of 1.55. Nutanix has a 1 year low of $21.99 and a 1 year high of $44.50.

Nutanix (NASDAQ:NTNXGet Rating) last released its quarterly earnings data on Wednesday, March 2nd. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.14. The business had revenue of $413.08 million for the quarter, compared to analyst estimates of $406.75 million. The company’s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.79) earnings per share. As a group, research analysts forecast that Nutanix will post -2.34 EPS for the current fiscal year.

Nutanix Company Profile (Get Rating)

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis converges virtualization, enterprise storage services, and networking visualization and security services; Acropolis Hypervisor, an enterprise-grade virtualization solution; Nutanix Karbon for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments; and Nutanix Clusters solution.

Read More

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

Receive News & Ratings for Nutanix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix and related companies with MarketBeat.com's FREE daily email newsletter.