Nutanix Inc (NASDAQ:NTNX) Receives Consensus Rating of “Buy” from Brokerages

Shares of Nutanix Inc (NASDAQ:NTNX) have been assigned a consensus rating of “Buy” from the twenty-four analysts that are presently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $39.93.

NTNX has been the topic of several analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $46.00 price objective on shares of Nutanix in a research note on Tuesday, November 26th. Royal Bank of Canada decreased their price target on Nutanix from $39.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. Wells Fargo & Co boosted their price target on Nutanix from $25.00 to $38.00 and gave the company a “market perform” rating in a research note on Tuesday, November 26th. OTR Global upgraded Nutanix to a “positive” rating in a research report on Wednesday, November 20th. Finally, BidaskClub lowered Nutanix from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th.

Shares of Nutanix stock opened at $34.60 on Monday. The company has a debt-to-equity ratio of 9.21, a quick ratio of 1.86 and a current ratio of 1.86. The firm’s 50-day simple moving average is $29.99 and its 200-day simple moving average is $26.53. Nutanix has a twelve month low of $17.74 and a twelve month high of $54.68. The firm has a market cap of $6.53 billion, a P/E ratio of -10.88 and a beta of 1.44.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Monday, November 25th. The technology company reported ($0.71) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.13) by $0.42. Nutanix had a negative net margin of 61.10% and a negative return on equity of 293.83%. The firm had revenue of $314.80 million during the quarter, compared to analyst estimates of $306.42 million. During the same quarter in the prior year, the business posted ($0.13) earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities analysts forecast that Nutanix will post -4.47 earnings per share for the current fiscal year.

In other Nutanix news, COO David Sangster sold 15,172 shares of Nutanix stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $34.60, for a total transaction of $524,951.20. Also, CEO Dheeraj Pandey sold 75,495 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $36.60, for a total value of $2,763,117.00. Following the completion of the sale, the chief executive officer now owns 211,177 shares of the company’s stock, valued at $7,729,078.20. The disclosure for this sale can be found here. In the last three months, insiders sold 165,416 shares of company stock worth $5,617,325. 9.79% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Nutanix by 802.1% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,526 shares of the technology company’s stock valued at $66,000 after buying an additional 2,246 shares during the period. Advisory Services Network LLC raised its holdings in shares of Nutanix by 986.7% during the second quarter. Advisory Services Network LLC now owns 2,771 shares of the technology company’s stock worth $71,000 after acquiring an additional 2,516 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in shares of Nutanix by 31.9% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,995 shares of the technology company’s stock worth $78,000 after acquiring an additional 725 shares during the period. Russell Investments Group Ltd. lifted its position in Nutanix by 694.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,203 shares of the technology company’s stock valued at $85,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA lifted its position in 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 acquiring an additional 3,600 shares in the last quarter. Hedge funds and other institutional investors own 65.58% of the company’s stock.

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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