Nutanix (NASDAQ:NTNX) Sets New 1-Year Low at $25.16

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Nutanix Inc (NASDAQ:NTNX)’s share price hit a new 52-week low on Friday . The stock traded as low as $25.16 and last traded at $25.24, with a volume of 121092 shares changing hands. The stock had previously closed at $27.55.

NTNX has been the subject of several analyst reports. Jefferies Financial Group lifted their price objective on Nutanix from $42.00 to $49.00 in a report on Thursday, March 21st. Bank of America reaffirmed a “buy” rating and issued a $51.00 price objective (down from $63.00) on shares of Nutanix in a report on Friday, March 1st. BTIG Research dropped their price objective on Nutanix to $50.00 and set a “buy” rating for the company in a report on Friday, March 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $63.00 price objective (down from $76.00) on shares of Nutanix in a report on Friday, March 1st. Finally, Maxim Group dropped their price objective on Nutanix from $72.00 to $62.00 and set a “buy” rating for the company in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. Nutanix currently has a consensus rating of “Hold” and a consensus target price of $42.58.

The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $5.00 billion, a P/E ratio of -14.74 and a beta of 1.62.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Thursday, May 30th. The technology company reported ($1.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.12). Nutanix had a negative return on equity of 127.35% and a negative net margin of 41.47%. The business had revenue of $287.60 million for the quarter, compared to analyst estimates of $297.20 million. During the same period last year, the firm posted ($0.21) EPS. Nutanix’s quarterly revenue was up .0% on a year-over-year basis. On average, equities research analysts anticipate that Nutanix Inc will post -3.28 earnings per share for the current year.

In other Nutanix news, insider Tyler Wall sold 12,132 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $41.23, for a total value of $500,202.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Mcadam sold 15,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $40.00, for a total value of $600,000.00. Following the completion of the transaction, the director now directly owns 54,024 shares of the company’s stock, valued at approximately $2,160,960. The disclosure for this sale can be found here. 14.57% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC increased its holdings in Nutanix by 228.6% in the 4th quarter. Parallel Advisors LLC now owns 782 shares of the technology company’s stock worth $32,000 after purchasing an additional 544 shares in the last quarter. Tortoise Index Solutions LLC acquired a new position in Nutanix in the 1st quarter worth about $37,000. Neuburgh Advisers LLC increased its holdings in Nutanix by 230.0% in the 1st quarter. Neuburgh Advisers LLC now owns 1,056 shares of the technology company’s stock worth $40,000 after purchasing an additional 736 shares in the last quarter. Advisory Services Network LLC increased its holdings in Nutanix by 26.6% in the 4th quarter. Advisory Services Network LLC now owns 1,203 shares of the technology company’s stock worth $50,000 after purchasing an additional 253 shares in the last quarter. Finally, Covenant Multifamily Offices LLC acquired a new position in Nutanix in the 1st quarter worth about $57,000. 61.80% of the stock is owned by institutional investors and hedge funds.

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About Nutanix (NASDAQ:NTNX)

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.

Read More: Understanding Analyst Recommendations

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