Goldman Sachs Group assumed coverage on shares of Nutanix (NASDAQ:NTNX) in a research note released on Wednesday morning. The brokerage issued a conviction-buy rating and a $43.00 price objective on the technology company’s stock.

NTNX has been the topic of several other research reports. Oppenheimer raised their price target on Nutanix to $40.00 and gave the stock an outperform rating in a report on Friday, December 1st. Royal Bank of Canada reissued an outperform rating and issued a $37.00 price target (up previously from $34.00) on shares of Nutanix in a report on Friday, November 24th. Piper Jaffray Companies set a $28.00 price target on Nutanix and gave the stock a buy rating in a report on Monday, October 23rd. Vetr downgraded Nutanix from a strong-buy rating to a buy rating and set a $33.55 price target on the stock. in a report on Tuesday, November 21st. Finally, Morgan Stanley raised their price target on Nutanix from $22.00 to $35.00 and gave the stock a hold rating in a report on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $36.30.

Shares of Nutanix (NTNX) opened at $31.60 on Wednesday. The stock has a market capitalization of $5,070.00 and a P/E ratio of -13.06. Nutanix has a 1-year low of $14.38 and a 1-year high of $38.80.

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

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

Several hedge funds have recently modified their holdings of NTNX. Thompson Davis & CO. Inc. increased its position in shares of Nutanix by 320.0% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock valued at $118,000 after purchasing an additional 4,000 shares during the period. US Bancorp DE increased its position in shares of Nutanix by 850.6% during the 4th quarter. US Bancorp DE now owns 4,753 shares of the technology company’s stock valued at $168,000 after purchasing an additional 4,253 shares during the period. Legal & General Group Plc increased its position in shares of Nutanix by 3,147.6% during the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after purchasing an additional 8,530 shares during the period. First American Bank acquired a new position in shares of Nutanix during the 4th quarter valued at $207,000. Finally, PNC Financial Services Group Inc. acquired a new position in shares of Nutanix during the 2nd quarter valued at $208,000. Institutional investors own 34.65% 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.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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