Nutanix Inc (NTNX) Receives Average Recommendation of “Buy” from Brokerages

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Shares of Nutanix Inc (NASDAQ:NTNX) have been assigned a consensus rating of “Buy” from the twenty-five analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $54.07.

NTNX has been the topic of a number of analyst reports. Zacks Investment Research upgraded Nutanix from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Wednesday, May 1st. Maxim Group cut their target price on Nutanix from $72.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Deutsche Bank initiated coverage on Nutanix in a research report on Tuesday, March 12th. They set a “hold” rating on the stock. BTIG Research cut their target price on Nutanix to $50.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Finally, Stifel Nicolaus lowered Nutanix from a “buy” rating to a “hold” rating and cut their target price for the company from $55.00 to $39.00 in a research report on Friday, March 1st.

In related news, COO David Sangster sold 7,917 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $35.99, for a total transaction of $284,932.83. Following the sale, the chief operating officer now owns 7,917 shares in the company, valued at approximately $284,932.83. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Mcadam sold 15,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $40.00, for a total value of $600,000.00. Following the sale, the director now owns 54,024 shares in the company, valued at approximately $2,160,960. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,049 shares of company stock worth $1,385,135. 14.57% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of NTNX. FMR LLC raised its stake in Nutanix by 13.0% during the 4th quarter. FMR LLC now owns 19,000,669 shares of the technology company’s stock worth $790,238,000 after buying an additional 2,179,982 shares during the period. MARSHALL WACE ASIA Ltd acquired a new position in Nutanix during the 1st quarter worth approximately $60,031,000. Castle Hook Partners LP acquired a new position in Nutanix during the 1st quarter worth approximately $57,502,000. Frontier Capital Management Co. LLC raised its stake in Nutanix by 136.2% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,587,285 shares of the technology company’s stock worth $107,605,000 after buying an additional 1,491,988 shares during the period. Finally, Norges Bank acquired a new position in Nutanix during the 4th quarter worth approximately $57,947,000. 60.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of NTNX stock opened at $36.61 on Thursday. The firm has a market cap of $7.03 billion, a P/E ratio of -21.66 and a beta of 1.07. Nutanix has a twelve month low of $32.52 and a twelve month high of $64.87. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.55 and a current ratio of 2.55.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Thursday, February 28th. The technology company reported ($0.55) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.02. The business had revenue of $335.36 million for the quarter, compared to analyst estimates of $331.04 million. Nutanix had a negative return on equity of 90.83% and a negative net margin of 31.41%. Equities research analysts expect that Nutanix will post -2.95 EPS for the current fiscal year.

About Nutanix

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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