NASDAQ:NTNX

Nutanix (NTNX) Stock Forecast, Price & News

$34.76

-0.12 (-0.34%)

(As of 05:07 PM ET)

Compare

Today's Range: $34.60
▼
$35.81
50-Day Range: $29.11
▼
$36.47
52-Week Range: $19.96
▼
$36.85

Volume: 1.91 million shs
Average Volume: 1.59 million shs
Market Capitalization: $8.33 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $42.64

Nutanix MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 21.9% Upside
$42.64 Price Target
Short Interest: Bearish
2.99% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.84
Upright™ Environmental Score
News Sentiment: 0.24
Based on 47 Articles This Week
Insider Trading: Selling Shares
$14.99 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.11 out of 5 stars

Computer And Technology Sector

380th out of 611 stocks

Prepackaged Software Industry

114th out of 208 stocks

3.4

Analyst's Opinion

Consensus Rating
Nutanix has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 10 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $42.64, Nutanix has a forecasted upside of 21.9% from its current price of $34.99.
Amount of Analyst Coverage
Nutanix has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
2.99% of the outstanding shares of Nutanix have been sold short.
Short Interest Ratio / Days to Cover
Nutanix has a short interest ratio ("days to cover") of 4.
Change versus previous month
Short interest in Nutanix has recently increased by 14.90%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Nutanix does not currently pay a dividend.
Dividend Growth
Nutanix does not have a long track record of dividend growth.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Nutanix has received a 39.55% net impact score from Upright. Nutanix seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Hosted data storage services", "Cloud management tools", and "Hosted computer services" products. See details.
Environmental Sustainability
The Environmental Impact score for Nutanix is -0.84.

2.9

News and Social Media Coverage

News Sentiment
Nutanix has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 47 news articles for Nutanix this week, compared to 6 articles on an average week.
Search Interest
17 people have searched for NTNX on MarketBeat in the last 30 days. This is an increase of 21% compared to the previous 30 days.
MarketBeat Follows
9 people have added Nutanix to their MarketBeat watchlist in the last 30 days. This is an increase of 350% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nutanix insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $14,986,655.00 in company stock.
Percentage Held by Insiders
Only 0.43% of the stock of Nutanix is held by insiders.
Percentage Held by Institutions
78.74% of the stock of Nutanix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Nutanix is -30.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nutanix is -30.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

About Nutanix (NASDAQ:NTNX) Stock

Nutanix, Inc. provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters. It also provides Nutanix Cloud Platform that provides management, capacity planning, operational analytics, automated remediation, self-service, and one-click administration; cloud governance; and automation services that streamline application lifecycle management, provide self-service for infrastructure and applications, and deliver multicloud orchestration. In addition, the company offers Nutanix Files, an enterprise-grade NFS and SMB files services; Nutanix Objects, a S3-compatible object services; Nutanix Data Lens, a data security governance solution; Nutanix database service that provides automated database management to simplify database administration and to manage database copies; and Nutanix Frame, a desktop-as-a-service product to deliver virtual apps or desktops to users. Further, it provides product support, and consulting and implementation services. It serves customers in a range of industries, including automotive, consumer goods, education, energy, financial services, healthcare, manufacturing, media, public sector, retail, technology, and telecommunications, as well as service providers. The company was incorporated in 2009 and is headquartered in San Jose, California.