Nutanix (NTNX) Given “Buy” Rating at Robert W. Baird
Robert W. Baird reaffirmed their buy rating on shares of Nutanix (NASDAQ:NTNX) in a research note published on Wednesday morning. Robert W. Baird currently has a $41.00 price objective on the technology company’s stock, up from their previous price objective of $31.00.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Nutanix from a hold rating to a buy rating and set a $25.00 price objective on the stock in a research note on Friday, September 8th. Oppenheimer reissued a buy rating and issued a $34.00 price target on shares of Nutanix in a research note on Thursday, September 7th. Maxim Group reissued a buy rating and issued a $41.00 price target on shares of Nutanix in a research note on Friday, September 1st. KeyCorp reissued a buy rating and issued a $32.00 price target on shares of Nutanix in a research note on Friday, September 1st. Finally, Piper Jaffray Companies reissued a buy rating and issued a $28.00 price target (up previously from $27.00) on shares of Nutanix in a research note on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Nutanix presently has an average rating of Buy and an average price target of $31.82.
Shares of Nutanix (NASDAQ NTNX) traded down $2.11 during midday trading on Wednesday, hitting $32.52. 5,745,500 shares of the stock were exchanged, compared to its average volume of 3,051,122. Nutanix has a twelve month low of $14.38 and a twelve month high of $35.00.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.05. The business had revenue of $226.10 million for the quarter, compared to analysts’ expectations of $216.00 million. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The business’s revenue was up 61.7% compared to the same quarter last year. research analysts forecast that Nutanix will post -2.19 earnings per share for the current fiscal year.
In other Nutanix news, President Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock in a transaction on Monday, September 11th. The shares were sold at an average price of $21.82, for a total transaction of $545,500.00. Following the sale, the president now owns 110,519 shares of the company’s stock, valued at approximately $2,411,524.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP David Sangster sold 27,000 shares of Nutanix stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $21.13, for a total transaction of $570,510.00. Following the sale, the executive vice president now directly owns 103,500 shares in the company, valued at approximately $2,186,955. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,818,869 shares of company stock worth $50,980,098. 19.81% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Scott & Selber Inc. acquired a new stake in Nutanix during the 3rd quarter worth $1,398,000. Ameriprise Financial Inc. raised its holdings in shares of Nutanix by 274.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 582,673 shares of the technology company’s stock worth $11,741,000 after acquiring an additional 427,255 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Nutanix by 3,462.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock worth $14,808,000 after acquiring an additional 714,257 shares during the period. Geode Capital Management LLC raised its holdings in shares of Nutanix by 12.2% during the 1st quarter. Geode Capital Management LLC now owns 129,489 shares of the technology company’s stock worth $2,430,000 after acquiring an additional 14,097 shares during the period. Finally, Lenox Wealth Management Inc. purchased a new position in shares of Nutanix during the 2nd quarter worth $397,000. 35.34% of the stock is currently owned by institutional investors.
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Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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