Short Term Outlook For Nutanix, Inc. (NASDAQ:NTNX)

Galtero Lara
Marcha 13, 2018

The stock presently has a consensus rating of Buy and an average price target of $39.96. The stock traded within a range of $49.00 and $51.63.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Thursday, March 1st.

ValuEngine upgraded shares of Nutanix (NASDAQ:NTNX) from a sell rating to a hold rating in a report issued on Friday, February 23rd. They issued a buy rating and a $45.00 price objective for the company. The stock was sold at an average price of $34.35, for a total value of $1,717,500.00.

A number of other equities research analysts have also recently weighed in on NTNX.

TRADEMARK VIOLATION WARNING: "Insider Selling: Nutanix Inc (NTNX) President Sells 40,000 Shares of Stock" was first published by BBNS and is owned by of BBNS. Northern Trust Corp now owns 406,970 shares of the technology company's stock worth $8,200,000 after acquiring an additional 301,749 shares during the period. Robert W. Baird maintained the shares of NTNX in report on Monday, September 25 with "Buy" rating. The shares were sold at an average price of $35.36, for a total transaction of $10,608,000.00.

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In an analyst report made public on Friday, 1 December, The Buy rating of Nutanix Inc (NTNX) shares was reaffirmed at Maxim Group, who now has a $51.0 PT on the stock. KeyBanc Capital Markets maintained the stock with "Overweight" rating in Friday, March 9 report. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Its sales stood at -7.10% a year on average in the period of last five years. Nutanix traded as high as $49.80 and last traded at $49.10. Nutanix shares have popped 46.5% since it reported earnings on March 1. Zacks Investment Research downgraded shares of Nutanix from a buy rating to a hold rating in a research report on Wednesday, November 8th.

Among 24 analysts covering Nutanix (NTNX), 20 have Buy rating, 2 Sell and 2 Hold. Parametric Portfolio Associates LLC purchased a new stake in Nutanix in the 2nd quarter worth approximately $365,000.

The company reported its last earnings Actual EPS of $-0.14/share. The company had revenue of $286.70 million during the quarter, compared to analyst estimates of $283.22 million. Finally, Needham & Company LLC assumed coverage on shares of Nutanix in a research report on Wednesday, November 22nd. The company has market cap of $8.26 billion. Also, CFO Duston Williams sold 300,000 shares of the firm's stock in a transaction that occurred on Friday, December 15th. Nutanix had a negative return on equity of 270.61% and a negative net margin of 33.34%. However the six-month change in the insider ownership was recorded -67%, as well as three-month change in the institutional ownership was recorded 14.82%.

For the current quarter, 21 analysts are projecting a mean EPS of $-0.19/share. The disclosure for this sale can be found here. Institutional investors and hedge funds own 44.23% of the company's stock. Fairfield Bush & CO. raised its holdings in Nutanix by 11.6% in the fourth quarter. Xact Kapitalforvaltning AB bought a new stake in shares of Nutanix in the fourth quarter worth $229,000. US Bancorp DE boosted its position in shares of Nutanix by 850.6% during the 4th quarter.

Nutanix, Inc., together with its subsidiaries, provides an enterprise cloud operating system in North America, Europe, the Asia-Pacific, the Middle East, Latin America, and Africa. The Company's cloud operating system converges traditional silos of server, virtualization, storage, and networking into one integrated solution; and unifies private and public cloud into a single software fabric.

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