Nutanix (NASDAQ:NTNX) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Nutanix (NASDAQ:NTNX) in a research report report published on Tuesday, Marketbeat.com reports. The brokerage issued a buy rating and a $95.00 price objective on the technology company’s stock.

Other research analysts have also issued research reports about the company. Raymond James Financial lowered Nutanix from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 20th. KeyCorp began coverage on shares of Nutanix in a research report on Thursday, June 26th. They set an “overweight” rating and a $95.00 price objective for the company. Susquehanna lifted their price target on shares of Nutanix from $90.00 to $95.00 and gave the stock a “positive” rating in a research note on Thursday, May 29th. Needham & Company LLC reiterated a “buy” rating and issued a $92.00 price objective on shares of Nutanix in a research note on Thursday, May 29th. Finally, Wall Street Zen downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a report on Monday, June 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Nutanix presently has a consensus rating of “Moderate Buy” and an average price target of $91.00.

Nutanix Stock Up 1.8%

Shares of NASDAQ:NTNX opened at $74.84 on Tuesday. Nutanix has a 12-month low of $43.35 and a 12-month high of $83.36. The company has a market cap of $20.06 billion, a P/E ratio of 150.10, a price-to-earnings-growth ratio of 6.79 and a beta of 0.67. The company’s fifty day moving average is $76.38 and its two-hundred day moving average is $70.67.

Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. The company had revenue of $638.98 million during the quarter, compared to the consensus estimate of $626.12 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The company’s revenue was up 21.8% compared to the same quarter last year. Equities research analysts anticipate that Nutanix will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other Nutanix news, CFO Rukmini Sivaraman sold 2,100 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $72.73, for a total value of $152,733.00. Following the completion of the sale, the chief financial officer directly owned 209,070 shares in the company, valued at $15,205,661.10. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Groen Max Pieter De sold 5,480,467 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $76.81, for a total value of $420,954,670.27. Following the sale, the director directly owned 5,480,468 shares of the company’s stock, valued at approximately $420,954,747.08. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,552,549 shares of company stock worth $426,621,281. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Nutanix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Poinciana Advisors Group LLC bought a new stake in Nutanix during the 2nd quarter worth about $333,000. Janney Montgomery Scott LLC boosted its stake in Nutanix by 3.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 40,450 shares of the technology company’s stock valued at $3,092,000 after purchasing an additional 1,201 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Nutanix in the second quarter valued at about $45,000. GraniteShares Advisors LLC bought a new position in shares of Nutanix during the second quarter worth approximately $482,000. Finally, ORG Wealth Partners LLC raised its holdings in Nutanix by 10.7% in the 2nd quarter. ORG Wealth Partners LLC now owns 13,311 shares of the technology company’s stock valued at $1,001,000 after acquiring an additional 1,292 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Company Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.