Equities Analysts Offer Predictions for Nutanix, Inc.’s FY2024 Earnings (NASDAQ:NTNX)

Nutanix, Inc. (NASDAQ:NTNXFree Report) – Investment analysts at Zacks Research lifted their FY2024 earnings per share estimates for Nutanix in a research report issued to clients and investors on Wednesday, March 20th. Zacks Research analyst R. Department now forecasts that the technology company will post earnings of ($0.10) per share for the year, up from their previous forecast of ($0.24). The consensus estimate for Nutanix’s current full-year earnings is ($0.07) per share. Zacks Research also issued estimates for Nutanix’s Q4 2024 earnings at ($0.15) EPS, Q2 2025 earnings at ($0.03) EPS, Q3 2025 earnings at ($0.10) EPS, FY2025 earnings at ($0.29) EPS, Q1 2026 earnings at ($0.01) EPS, Q2 2026 earnings at ($0.08) EPS and FY2026 earnings at ($0.23) EPS.

Several other equities analysts have also recently commented on the company. Morgan Stanley boosted their target price on Nutanix from $38.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 30th. KeyCorp boosted their target price on Nutanix from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 12th. Royal Bank of Canada boosted their target price on Nutanix from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Finally, Piper Sandler upped their price objective on Nutanix from $67.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.83.

View Our Latest Research Report on NTNX

Nutanix Stock Performance

NASDAQ:NTNX opened at $64.45 on Monday. Nutanix has a 52-week low of $23.34 and a 52-week high of $66.99. The firm has a market cap of $15.75 billion, a price-to-earnings ratio of -179.03 and a beta of 1.29. The business’s fifty day moving average is $59.01 and its 200 day moving average is $46.89.

Nutanix (NASDAQ:NTNXGet Free Report) last released its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $565.23 million for the quarter, compared to the consensus estimate of $551.82 million.

Insider Activity

In other news, COO David Sangster sold 12,545 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $63.04, for a total value of $790,836.80. Following the completion of the sale, the chief operating officer now owns 70,192 shares of the company’s stock, valued at approximately $4,424,903.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Nutanix news, Director Steven J. Gomo sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the completion of the transaction, the director now owns 3,962 shares of the company’s stock, valued at approximately $254,003.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO David Sangster sold 12,545 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $63.04, for a total value of $790,836.80. Following the transaction, the chief operating officer now directly owns 70,192 shares of the company’s stock, valued at approximately $4,424,903.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,477 shares of company stock valued at $3,902,499. Insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Syon Capital LLC bought a new position in shares of Nutanix in the 4th quarter worth approximately $1,622,000. FIL Ltd raised its position in shares of Nutanix by 74.7% in the 4th quarter. FIL Ltd now owns 8,908,166 shares of the technology company’s stock worth $424,830,000 after acquiring an additional 3,809,981 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Nutanix by 6.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 144,143 shares of the technology company’s stock worth $6,874,000 after acquiring an additional 8,191 shares in the last quarter. Systematic Portfolios LLC bought a new position in shares of Nutanix in the 4th quarter worth approximately $341,000. Finally, Legal & General Group Plc raised its position in shares of Nutanix by 9.2% in the 4th quarter. Legal & General Group Plc now owns 477,466 shares of the technology company’s stock worth $22,770,000 after acquiring an additional 40,151 shares in the last quarter. Institutional investors own 78.74% of the company’s stock.

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.

See Also

Earnings History and Estimates for Nutanix (NASDAQ:NTNX)

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