Nutanix (NASDAQ:NTNX) Shares Gap Up to $26.19

Nutanix Inc (NASDAQ:NTNX)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $25.42, but opened at $26.19. Nutanix shares last traded at $26.76, with a volume of 3,485,362 shares.

A number of brokerages recently weighed in on NTNX. Needham & Company LLC set a $46.00 price target on shares of Nutanix and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Morgan Stanley decreased their price target on shares of Nutanix from $35.00 to $29.00 and set an “equal weight” rating for the company in a research report on Thursday, August 29th. Bank of America reaffirmed a “buy” rating and set a $35.00 price target (down from $41.00) on shares of Nutanix in a research report on Tuesday, August 13th. Piper Jaffray Companies decreased their price target on shares of Nutanix from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, August 27th. Finally, Robert W. Baird set a $29.00 price target on shares of Nutanix and gave the stock a “buy” rating in a research report on Friday, September 13th. Nine analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $37.31.

The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.46. The business’s 50-day simple moving average is $25.43 and its two-hundred day simple moving average is $28.86. The company has a market capitalization of $5.05 billion, a PE ratio of -8.22 and a beta of 1.30.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.96) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.05) by $0.09. The company 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 172.43%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) EPS. On average, analysts forecast that Nutanix Inc will post -4.42 EPS for the current year.

In other news, CEO Dheeraj Pandey sold 9,489 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $26.71, for a total value of $253,451.19. Following the sale, the chief executive officer now owns 250,975 shares in the company, valued at approximately $6,703,542.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Duston Williams sold 19,610 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $26.71, for a total transaction of $523,783.10. Following the completion of the sale, the chief financial officer now owns 218,596 shares in the company, valued at approximately $5,838,699.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,951 shares of company stock worth $933,541. Company insiders own 14.57% of the company’s stock.

Institutional investors have recently modified their holdings of the company. AdvisorNet Financial Inc raised its stake in shares of Nutanix by 8,992.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,182 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,169 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Nutanix by 986.7% in the 2nd quarter. Advisory Services Network LLC now owns 2,771 shares of the technology company’s stock valued at $71,000 after purchasing an additional 2,516 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Nutanix by 31.9% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,995 shares of the technology company’s stock valued at $78,000 after purchasing an additional 725 shares in the last quarter. Compagnie Lombard Odier SCmA raised its stake in shares of Nutanix by 6,428.6% in the 2nd quarter. Compagnie Lombard Odier SCmA now owns 3,656 shares of the technology company’s stock valued at $94,000 after purchasing an additional 3,600 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Nutanix by 62.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,166 shares of the technology company’s stock valued at $107,000 after purchasing an additional 1,601 shares in the last quarter. Institutional investors and hedge funds own 63.92% of the company’s stock.

Nutanix Company Profile (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.

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