Nutanix (NASDAQ:NTNX) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts have assigned Nutanix a consensus rating of "Moderate Buy" from 20 brokerages (10 buy, 9 hold, 1 strong buy) with an average one-year price target of $60.87.
• Nutanix beat last quarter's estimates, reporting EPS of $0.56 vs. $0.44 expected and revenue of $722.8M (up 10.4% YoY), though the company still shows a negative return on equity (-37.41%).
• The stock is trading around $40.76, well below its 52-week high of $83.36 and the 200-day moving average of $48.97, while institutional ownership is high at 85.25% and several large investors recently added to positions.

Shares of Nutanix (NASDAQ:NTNX - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty brokerages that are currently covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $60.8667.

A number of analysts recently weighed in on NTNX shares. Barclays lowered their target price on shares of Nutanix from $53.00 to $47.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 26th. Wall Street Zen cut shares of Nutanix from a "buy" rating to a "hold" rating in a research note on Tuesday, March 10th. Weiss Ratings reissued a "hold (c)" rating on shares of Nutanix in a research note on Friday, March 27th. The Goldman Sachs Group lowered their target price on shares of Nutanix from $75.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, February 9th. Finally, Morgan Stanley decreased their price objective on shares of Nutanix from $62.00 to $56.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 24th.

Nutanix Price Performance

Nutanix stock opened at $40.76 on Tuesday. The firm has a market cap of $10.81 billion, a price-to-earnings ratio of 44.30, a P/E/G ratio of 4.53 and a beta of 0.52. Nutanix has a fifty-two week low of $34.01 and a fifty-two week high of $83.36. The firm has a fifty day moving average price of $39.47 and a two-hundred day moving average price of $48.97.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.12. The business had revenue of $722.83 million for the quarter, compared to analysts' expectations of $709.83 million. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share. As a group, sell-side analysts expect that Nutanix will post 0.56 earnings per share for the current year.

Institutional Trading of Nutanix

Several large investors have recently added to or reduced their stakes in the company. HB Wealth Management LLC grew its stake in Nutanix by 105.9% during the first quarter. HB Wealth Management LLC now owns 9,401 shares of the technology company's stock worth $357,000 after buying an additional 4,835 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Nutanix during the first quarter worth about $4,427,000. Leonteq Securities AG grew its stake in Nutanix by 39.0% during the first quarter. Leonteq Securities AG now owns 2,600 shares of the technology company's stock worth $99,000 after buying an additional 730 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Nutanix during the first quarter worth about $540,000. Finally, Root Financial Partners LLC grew its stake in Nutanix by 1,925.6% during the first quarter. Root Financial Partners LLC now owns 3,565 shares of the technology company's stock worth $136,000 after buying an additional 3,389 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

About Nutanix

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company's product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.

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