Nutanix (NTNX) Price Target Increased to $51.00 by Analysts at Maxim Group
Nutanix (NASDAQ:NTNX) had its price objective lifted by Maxim Group from $39.00 to $51.00 in a research report report published on Friday morning. Maxim Group currently has a buy rating on the technology company’s stock.
NTNX has been the topic of several other reports. Robert W. Baird reissued a buy rating and issued a $28.00 price objective on shares of Nutanix in a research report on Friday, September 1st. Susquehanna Bancshares reissued a neutral rating and issued a $21.00 price objective (up from $19.00) on shares of Nutanix in a research report on Sunday, September 3rd. Royal Bank Of Canada reissued an outperform rating and issued a $37.00 price objective (up from $34.00) on shares of Nutanix in a research report on Friday, November 24th. JMP Securities reissued an outperform rating and issued a $35.00 price objective on shares of Nutanix in a research report on Sunday, September 3rd. Finally, KeyCorp reissued a buy rating and issued a $32.00 price objective on shares of Nutanix in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. Nutanix presently has a consensus rating of Buy and an average target price of $32.91.
Nutanix (NTNX) traded up $3.25 during trading hours on Friday, reaching $36.05. The company’s stock had a trading volume of 11,562,291 shares, compared to its average volume of 3,062,181. Nutanix has a one year low of $14.38 and a one year high of $35.00.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, November 30th. The technology company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.10. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. The company had revenue of $275.60 million for the quarter, compared to analyst estimates of $267.02 million. During the same period last year, the company posted ($0.37) earnings per share. The firm’s revenue was up 46.1% compared to the same quarter last year. equities research analysts anticipate that Nutanix will post -2.19 EPS for the current fiscal year.
In other news, insider Sunil Potti sold 10,000 shares of Nutanix stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $21.56, for a total transaction of $215,600.00. Following the sale, the insider now directly owns 113,603 shares of the company’s stock, valued at $2,449,280.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP David Sangster sold 27,000 shares of Nutanix stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $21.13, for a total value of $570,510.00. Following the sale, the executive vice president now directly owns 103,500 shares in the company, valued at $2,186,955. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,818,869 shares of company stock worth $50,980,098. Corporate insiders own 19.81% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Thompson Davis & CO. Inc. grew its stake in Nutanix by 320.0% in the third quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock worth $118,000 after purchasing an additional 4,000 shares in the last quarter. Legal & General Group Plc grew its stake in Nutanix by 3,147.6% in the second quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after purchasing an additional 8,530 shares in the last quarter. SG Americas Securities LLC acquired a new position in Nutanix in the second quarter worth about $186,000. PNC Financial Services Group Inc. acquired a new position in Nutanix in the second quarter worth about $208,000. Finally, Stifel Financial Corp acquired a new position in Nutanix in the third quarter worth about $215,000. Institutional investors and hedge funds own 35.34% of the company’s stock.
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Nutanix Company Profile
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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