Shares of Nutanix (NASDAQ:NTNX - Get Free Report) have been given an average rating of "Moderate Buy" by the fifteen analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $90.71.
NTNX has been the subject of several research reports. Morgan Stanley restated an "overweight" rating and set a $90.00 price objective (up from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. Piper Sandler restated an "overweight" rating and set a $88.00 price objective (up from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. Needham & Company LLC restated a "buy" rating and set a $92.00 price objective on shares of Nutanix in a research report on Thursday, May 29th. Susquehanna lifted their price objective on Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a research report on Thursday, May 29th. Finally, Raymond James Financial downgraded Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th.
Read Our Latest Stock Report on NTNX
Insider Activity at Nutanix
In other news, Director Virginia Gambale sold 7,000 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $78.00, for a total transaction of $546,000.00. Following the completion of the sale, the director directly owned 38,330 shares of the company's stock, valued at $2,989,740. The trade was a 15.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Rajiv Ramaswami sold 1,925 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total transaction of $144,375.00. Following the sale, the chief executive officer directly owned 518,561 shares of the company's stock, valued at $38,892,075. This represents a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,552,549 shares of company stock valued at $426,621,281 over the last quarter. 6.80% of the stock is currently owned by corporate insiders.
Institutional Trading of Nutanix
Several institutional investors have recently made changes to their positions in NTNX. Harbour Investments Inc. boosted its position in Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after purchasing an additional 418 shares during the period. Colonial Trust Co SC purchased a new stake in Nutanix during the 4th quarter worth $28,000. Twin Tree Management LP purchased a new stake in Nutanix during the 1st quarter worth $29,000. MassMutual Private Wealth & Trust FSB boosted its position in Nutanix by 78.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock worth $30,000 after purchasing an additional 191 shares during the period. Finally, GW&K Investment Management LLC purchased a new stake in Nutanix during the 1st quarter worth $30,000. 85.25% of the stock is owned by hedge funds and other institutional investors.
Nutanix Price Performance
Shares of NTNX stock traded up $1.38 during midday trading on Wednesday, reaching $76.81. 1,289,764 shares of the company traded hands, compared to its average volume of 2,534,094. The firm's 50 day simple moving average is $75.79 and its two-hundred day simple moving average is $70.00. Nutanix has a 1-year low of $43.35 and a 1-year high of $83.36. The firm has a market cap of $20.59 billion, a PE ratio of 156.73, a price-to-earnings-growth ratio of 7.09 and a beta of 0.67.
Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. The company had revenue of $638.98 million during the quarter, compared to the consensus estimate of $626.12 million. During the same period last year, the firm earned $0.28 EPS. The company's revenue for the quarter was up 21.8% on a year-over-year basis. As a group, research analysts anticipate that Nutanix will post 0.31 earnings per share for the current fiscal year.
About Nutanix
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Get Free ReportNutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers' enterprise infrastructure.
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