Several analysts have recently updated their ratings and price targets for Nutanix (NASDAQ: NTNX):

  • 2/7/2018 – Nutanix is now covered by analysts at Goldman Sachs Group Inc. They set a “conviction-buy” rating and a $43.00 price target on the stock.
  • 2/1/2018 – Nutanix was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Nutanix, Inc. provides an enterprise cloud platform which converges silos of server, virtualization and storage into integrated solution and connects to public cloud services. Nutanix, Inc. is based in San Jose, United States. “
  • 1/31/2018 – Nutanix had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $41.00 price target on the stock.
  • 1/25/2018 – Nutanix was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They now have a $35.00 price target on the stock.
  • 1/11/2018 – Nutanix had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $42.00 price target on the stock, up previously from $37.00.
  • 1/9/2018 – Nutanix had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $43.00 price target on the stock.
  • 1/3/2018 – Nutanix had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $41.00 price target on the stock.
  • 12/22/2017 – Nutanix had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $51.00 price target on the stock. They wrote, “Gross profit (GP) growth is the best way to normalize for software transition, which notably has been guided to accelerate in the January quarter. Value of NTNX offerings highlighted by durability of relationships utilizing DELL (private) hardware. NTNX’s India R&D effort is a source of underappreciated R&D leverage and future TAM expansion, in our view. Reiterating Buy rating & 12-month price target of $51.””
  • 12/12/2017 – Nutanix was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $38.98 price target on the stock.

Shares of Nutanix Inc (NASDAQ NTNX) opened at $31.24 on Friday. Nutanix Inc has a 52 week low of $14.38 and a 52 week high of $38.80. The firm has a market cap of $5,223.41, a P/E ratio of -12.91 and a beta of 4.84.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.10. Nutanix had a negative net margin of 40.81% and a negative return on equity of 271.31%. The firm had revenue of $275.60 million for the quarter, compared to the consensus estimate of $267.02 million. During the same period in the prior year, the firm earned ($0.37) EPS. The firm’s revenue for the quarter was up 46.1% on a year-over-year basis. analysts predict that Nutanix Inc will post -1.71 EPS for the current year.

In related news, CEO Dheeraj Pandey sold 71,400 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $35.33, for a total transaction of $2,522,562.00. Following the sale, the chief executive officer now directly owns 288,612 shares of the company’s stock, valued at approximately $10,196,661.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Sudheesh Nair Vadakkedath sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $28.56, for a total transaction of $1,142,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,488,556 shares of company stock worth $81,600,596. 19.81% of the stock is owned by insiders.

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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