Nutanix, Inc. (NASDAQ:NTNX) Receives Average Rating of “Moderate Buy” from Brokerages

Nutanix, Inc. (NASDAQ:NTNX) has been given an average recommendation of “Moderate Buy” by the fifteen research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $72.00.

A number of equities research analysts have recently issued reports on the stock. Barclays lowered their price target on shares of Nutanix from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, May 30th. JPMorgan Chase & Co. upped their price target on shares of Nutanix from $70.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, May 24th. Susquehanna lifted their price objective on Nutanix from $60.00 to $75.00 and gave the company a “positive” rating in a research note on Wednesday, April 10th. Northland Capmk lowered Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. Finally, Royal Bank of Canada lifted their price target on Nutanix from $72.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $54.98 on Friday. The business’s fifty day moving average price is $61.25 and its 200-day moving average price is $58.19. Nutanix has a one year low of $26.47 and a one year high of $73.69. The stock has a market capitalization of $13.56 billion, a PE ratio of -785.32, a P/E/G ratio of 14.35 and a beta of 1.10.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.12. Nutanix had a negative return on equity of 7.74% and a negative net margin of 0.57%. The firm had revenue of $524.58 million during the quarter, compared to analyst estimates of $516.13 million. As a group, equities analysts expect that Nutanix will post 0.09 EPS for the current fiscal year.

Insider Buying and Selling at Nutanix

In other news, CFO Rukmini Sivaraman sold 53,029 shares of Nutanix stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the transaction, the chief financial officer now owns 144,635 shares in the company, valued at $9,368,008.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Nutanix news, CFO Rukmini Sivaraman sold 53,029 shares of the stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the completion of the sale, the chief financial officer now owns 144,635 shares of the company’s stock, valued at approximately $9,368,008.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO David Sangster sold 10,384 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $562,708.96. Following the transaction, the chief operating officer now owns 64,333 shares in the company, valued at approximately $3,486,205.27. The disclosure for this sale can be found here. Insiders sold a total of 99,965 shares of company stock worth $5,965,961 over the last three months. Company insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On Nutanix

Several hedge funds have recently made changes to their positions in NTNX. Atlantic Edge Private Wealth Management LLC purchased a new stake in Nutanix in the fourth quarter worth about $29,000. GAMMA Investing LLC purchased a new position in Nutanix during the fourth quarter valued at $30,000. Kapitalo Investimentos Ltda bought a new stake in Nutanix in the fourth quarter worth $37,000. Harvest Fund Management Co. Ltd bought a new position in shares of Nutanix during the fourth quarter valued at $40,000. Finally, Fifth Third Bancorp purchased a new position in shares of Nutanix in the 4th quarter worth about $62,000. 85.25% of the stock is currently owned by institutional investors.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.