Nutanix - NTNX Stock Forecast, Price & News

Nutanix, Inc. provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis converges virtualization, enterprise storage services, and networking visualization and security services; Acropolis Hypervisor, an enterprise-grade virtualization solution; Nutanix Karbon for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments; and Nutanix Clusters solution. It also offers Prism Pro; Nutanix Beam, a cloud governance; and Nutanix Calm, an application marketplace, which provides automation services that streamline application lifecycle management and deliver powerful hybrid cloud orchestration. In addition, the company provides Nutanix Files, an enterprise-grade NFS and SMB files services; Nutanix Objects, a S3-compatible object services; Nutanix Era, a database automation and database-as-a-service solution; and Nutanix Frame, a desktop-as-a-service product to deliver virtual apps or desktops to users from multiple public cloud environments and/or an enterprises private cloud datacenter. Further, it offers products 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.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wells Fargo & Company reduced their price target on Nutanix to $20.00 in a research report on Thursday, May 26th. Piper Sandler reduced their price target on Nutanix from $28.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 13th. Needham & Company LLC cut their target price on Nutanix from $34.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, May 26th. Morgan Stanley cut their target price on Nutanix from $31.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 26th. Finally, JMP Securities cut their target price on Nutanix from $48.00 to $35.00 and set a "market outperform" rating on the stock in a research report on Thursday, May 26th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $27.45.

Nutanix Price Performance

Shares of NTNX Stock traded up $1.25 on Thursday, hitting $18.91. 3,401,858 shares of the stock traded hands, compared to its average volume of 2,124,991. The company has a market capitalization of $4.24 billion, a PE ratio of -4.06 and a beta of 1.44. Nutanix has a 1-year low of $13.44 and a 1-year high of $44.50. The company's fifty day moving average is $15.41 and its 200 day moving average is $21.13.

Nutanix (NASDAQ:NTNX - Get Rating) last posted its quarterly earnings results on Wednesday, May 25th. The technology company reported ($0.42) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.65) by $0.23. The firm had revenue of $403.70 million for the quarter, compared to analyst estimates of $397.90 million. The business's revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.87) earnings per share. As a group, equities research analysts expect that Nutanix will post -2.25 EPS for the current year.

Insider Buying and Selling

In related news, CAO Aaron Boynton sold 2,886 shares of the company's stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $13.97, for a total transaction of $40,317.42. Following the completion of the transaction, the chief accounting officer now directly owns 37,803 shares in the company, valued at approximately $528,107.91. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CAO Aaron Boynton sold 2,886 shares of the company's stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $13.97, for a total transaction of $40,317.42. Following the completion of the transaction, the chief accounting officer now directly owns 37,803 shares in the company, valued at approximately $528,107.91. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Rajiv Ramaswami sold 5,000 shares of the company's stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $14.62, for a total value of $73,100.00. Following the transaction, the chief executive officer now owns 218,392 shares of the company's stock, valued at $3,192,891.04. The disclosure for this sale can be found here. Insiders sold a total of 85,196 shares of company stock worth $1,193,438 in the last three months. 0.92% of the stock is owned by insiders.