Zacks: Brokerages Anticipate Nutanix, Inc. (NASDAQ:NTNX) Will Post Earnings of -$0.22 Per Share

Equities research analysts expect that Nutanix, Inc. (NASDAQ:NTNXGet Rating) will report earnings per share of ($0.22) for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Nutanix’s earnings. The highest EPS estimate is ($0.18) and the lowest is ($0.27). Nutanix reported earnings of ($0.41) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 46.3%. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Nutanix will report full year earnings of ($0.67) per share for the current year, with EPS estimates ranging from ($0.78) to ($0.59). For the next financial year, analysts forecast that the company will report earnings of ($0.20) per share, with EPS estimates ranging from ($0.37) to $0.14. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Nutanix.

Nutanix (NASDAQ:NTNXGet Rating) last announced its quarterly earnings data on Wednesday, March 2nd. The technology company reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.27. The company had revenue of $413.08 million for the quarter, compared to the consensus estimate of $406.75 million. During the same quarter in the previous year, the business earned ($0.79) EPS. The company’s quarterly revenue was up 19.3% compared to the same quarter last year.

Several research analysts recently commented on NTNX shares. Wells Fargo & Company reduced their price objective 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. Needham & Company LLC reduced their price objective on shares of Nutanix from $71.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, March 3rd. KeyCorp started coverage on shares of Nutanix in a research note on Tuesday, January 18th. They set an “overweight” rating and a $39.00 price objective for the company. Morgan Stanley reduced their price objective on shares of Nutanix from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 12th. Finally, StockNews.com started coverage on shares of Nutanix in a research note on Thursday, March 31st. They set a “hold” rating for the company. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $42.18.

Shares of NTNX opened at $25.03 on Friday. Nutanix has a 1-year low of $21.99 and a 1-year high of $44.50. The company has a 50-day moving average of $25.81 and a 200 day moving average of $29.51.

In related news, CFO Duston Williams sold 11,594 shares of the business’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $23.78, for a total value of $275,705.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rajiv Ramaswami sold 46,233 shares of the business’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $23.78, for a total transaction of $1,099,420.74. The disclosure for this sale can be found here. Insiders sold a total of 82,652 shares of company stock worth $1,970,165 over the last ninety days. Insiders own 0.92% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of NTNX. CWM LLC acquired a new position in shares of Nutanix in the 4th quarter valued at $32,000. Carroll Investors Inc acquired a new position in shares of Nutanix in the 4th quarter valued at $42,000. O Shaughnessy Asset Management LLC lifted its stake in shares of Nutanix by 26.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,537 shares of the technology company’s stock valued at $58,000 after purchasing an additional 321 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of Nutanix in the 4th quarter valued at $59,000. Finally, Koshinski Asset Management Inc. raised its position in Nutanix by 23.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 2,902 shares of the technology company’s stock worth $92,000 after acquiring an additional 560 shares during the period. Hedge funds and other institutional investors own 70.43% of the company’s stock.

About Nutanix (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.

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