Nutanix (NASDAQ:NTNX) Given Market Perform Rating at William Blair

William Blair reaffirmed their market perform rating on shares of Nutanix (NASDAQ:NTNX) in a research note released on Monday, MarketBeat.com reports.

Several other equities research analysts have also recently commented on NTNX. Bank of America cut their target price on Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Barclays lowered their price objective on shares of Nutanix from $53.00 to $47.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Wall Street Zen lowered shares of Nutanix from a “buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Needham & Company LLC reduced their target price on shares of Nutanix from $65.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, The Goldman Sachs Group decreased their target price on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Eleven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.43.

Nutanix Stock Performance

Shares of NTNX opened at $40.39 on Monday. Nutanix has a twelve month low of $35.39 and a twelve month high of $83.36. The firm’s 50 day moving average price is $41.21 and its two-hundred day moving average price is $55.40. The firm has a market cap of $10.71 billion, a P/E ratio of 43.90, a PEG ratio of 4.22 and a beta of 0.49.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.44 by $0.12. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The business had revenue of $722.83 million for the quarter, compared to analysts’ expectations of $709.83 million. During the same period in the previous year, the firm posted $0.47 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Nutanix will post 0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NTNX. New Millennium Group LLC bought a new stake in shares of Nutanix during the 4th quarter worth about $28,000. V Square Quantitative Management LLC bought a new position in shares of Nutanix during the fourth quarter worth approximately $39,000. Covestor Ltd lifted its holdings in Nutanix by 73.1% during the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after purchasing an additional 324 shares during the last quarter. Harbour Investments Inc. boosted its stake in Nutanix by 159.4% in the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after purchasing an additional 502 shares during the period. Finally, GW&K Investment Management LLC boosted its stake in Nutanix by 78.7% in the 4th quarter. GW&K Investment Management LLC now owns 981 shares of the technology company’s stock valued at $51,000 after purchasing an additional 432 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Company Profile

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.