Nutanix Inc. (NASDAQ:NTNX) – Analysts at William Blair issued their Q1 2019 earnings per share (EPS) estimates for shares of Nutanix in a research report issued to clients and investors on Tuesday. William Blair analyst J. Ader expects that the technology company will post earnings per share of ($0.48) for the quarter. William Blair currently has a “Buy” rating on the stock. William Blair also issued estimates for Nutanix’s Q2 2019 earnings at ($0.47) EPS, Q3 2019 earnings at ($0.42) EPS and Q4 2019 earnings at ($0.33) EPS.
NTNX has been the topic of a number of other reports. Vetr cut shares of Nutanix from a “strong-buy” rating to a “buy” rating and set a $27.22 price objective on the stock. in a research note on Tuesday. BTIG Research restated a “hold” rating and set a $22.00 price objective on shares of Nutanix in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Nutanix from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Friday, September 8th. JMP Securities restated an “outperform” rating and set a $35.00 price objective on shares of Nutanix in a research note on Sunday, September 3rd. Finally, Credit Suisse Group restated a “buy” rating and set a $38.00 price objective on shares of Nutanix in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $30.28.
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Nutanix (NASDAQ NTNX) traded down 4.84% during trading on Thursday, hitting $25.37. 3,588,178 shares of the stock were exchanged. The company’s market cap is $3.93 billion. Nutanix has a one year low of $14.38 and a one year high of $35.90. The stock’s 50 day moving average is $23.01 and its 200-day moving average is $23.01.
Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.38) by $0.05. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The business had revenue of $226.10 million for the quarter, compared to analysts’ expectations of $216.00 million. The firm’s revenue for the quarter was up 61.7% on a year-over-year basis.
A number of institutional investors and hedge funds have recently modified their holdings of NTNX. Legal & General Group Plc increased its stake in Nutanix by 3,147.6% in the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after purchasing an additional 8,530 shares in the last quarter. SG Americas Securities LLC purchased a new position in Nutanix in the 2nd quarter worth about $186,000. First American Bank purchased a new position in Nutanix in the 2nd quarter worth about $205,000. PNC Financial Services Group Inc. purchased a new position in Nutanix in the 2nd quarter worth about $208,000. Finally, Oppenheimer & Co. Inc. purchased a new position in Nutanix in the 1st quarter worth about $211,000. 31.48% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Jeffrey T. Parks sold 1,234,822 shares of Nutanix stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $21.97, for a total value of $27,129,039.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Kenneth W. Long III sold 30,000 shares of Nutanix stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $24.00, for a total value of $720,000.00. Following the completion of the transaction, the vice president now directly owns 240,234 shares in the company, valued at approximately $5,765,616. The disclosure for this sale can be found here. Insiders sold a total of 1,741,713 shares of company stock worth $38,572,879 in the last three months.
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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