Nutanix (NASDAQ:NTNX) Upgraded at UBS Group

UBS Group upgraded shares of Nutanix (NASDAQ:NTNX) to a positive rating in a research note released on Monday morning, The Fly reports. UBS Group currently has $45.00 price objective on the technology company’s stock, up from their prior price objective of $23.00.

A number of other research analysts have also recently issued reports on the stock. Bank of America reiterated a buy rating and set a $35.00 price objective (down from $41.00) on shares of Nutanix in a report on Tuesday, August 13th. Robert W. Baird reduced their price objective on shares of Nutanix from $41.00 to $29.00 and set an outperform rating for the company in a report on Thursday, August 29th. Morgan Stanley reduced their price objective on shares of Nutanix from $35.00 to $29.00 and set an equal weight rating for the company in a report on Thursday, August 29th. Stifel Nicolaus set a $22.00 price objective on shares of Nutanix and gave the company a hold rating in a report on Friday, August 16th. Finally, BTIG Research reduced their price objective on shares of Nutanix to $40.00 and set a buy rating for the company in a report on Friday, May 31st. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $37.31.

NASDAQ:NTNX traded down $0.62 during trading hours on Monday, reaching $26.63. The company had a trading volume of 155,675 shares, compared to its average volume of 4,078,598. 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 cap of $4.70 billion, a price-to-earnings ratio of -8.37 and a beta of 1.29. The business’s 50-day simple moving average is $21.52 and its two-hundred day simple moving average is $31.35. Nutanix has a twelve month low of $17.74 and a twelve month high of $54.68.



Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.96) EPS for the quarter, topping analysts’ consensus estimates of ($1.05) by $0.09. The business had revenue of $299.90 million during the quarter, compared to analysts’ expectations of $293.49 million. Nutanix had a negative net margin of 50.25% and a negative return on equity of 150.86%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the company posted ($0.11) earnings per share. As a group, equities analysts predict that Nutanix will post -4.28 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Harbourvest Partners LLC bought a new position in shares of Nutanix during the second quarter valued at about $6,741,000. Chartwell Investment Partners LLC lifted its position in shares of Nutanix by 39.1% during the second quarter. Chartwell Investment Partners LLC now owns 16,639 shares of the technology company’s stock valued at $432,000 after purchasing an additional 4,680 shares in the last quarter. Prudential PLC bought a new position in shares of Nutanix during the second quarter valued at about $1,040,000. United Services Automobile Association lifted its position in shares of Nutanix by 4.9% during the second quarter. United Services Automobile Association now owns 92,918 shares of the technology company’s stock valued at $2,410,000 after purchasing an additional 4,300 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of Nutanix during the second quarter valued at about $7,400,000. 64.83% of the stock is currently owned by institutional investors.

Nutanix Company Profile

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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