UBS Group upgraded shares of Nutanix (NASDAQ:NTNX) to a positive rating in a research note released on Monday morning, The Fly reports. UBS Group currently has $45.00 price objective on the technology company’s stock, up from their previous price objective of $23.00.

NTNX has been the subject of a number of other research reports. Morgan Stanley decreased their price target on shares of Nutanix from $35.00 to $29.00 and set an equal weight rating for the company in a report on Thursday, August 29th. Maxim Group set a $48.00 target price on shares of Nutanix and gave the stock a buy rating in a report on Thursday, August 29th. Robert W. Baird reduced their target price on shares of Nutanix from $41.00 to $29.00 and set an outperform rating for the company in a report on Thursday, August 29th. KeyCorp reduced their target price on shares of Nutanix from $48.00 to $40.00 and set an overweight rating for the company in a report on Friday, May 31st. Finally, OTR Global assumed coverage on shares of Nutanix in a report on Thursday, May 16th. They set a neutral rating for the company. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $37.31.

NASDAQ NTNX opened at $26.74 on Monday. The company has a fifty day simple moving average of $21.52 and a two-hundred day simple moving average of $31.35. The stock has a market cap of $4.97 billion, a P/E ratio of -8.41 and a beta of 1.29. Nutanix has a 12-month low of $17.74 and a 12-month high of $54.68. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 1.48.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.96) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.05) by $0.09. The business had revenue of $299.90 million during the quarter, compared to analysts’ expectations of $293.49 million. Nutanix had a negative net margin of 50.25% and a negative return on equity of 150.86%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.11) earnings per share. As a group, sell-side analysts forecast that Nutanix will post -4.28 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in NTNX. AdvisorNet Financial Inc grew its position in Nutanix by 8,992.3% during the second quarter. AdvisorNet Financial Inc now owns 1,182 shares of the technology company’s stock valued at $31,000 after buying an additional 1,169 shares during the period. Tortoise Index Solutions LLC acquired a new stake in Nutanix during the first quarter valued at $37,000. Parallel Advisors LLC grew its position in Nutanix by 98.5% during the first quarter. Parallel Advisors LLC now owns 1,552 shares of the technology company’s stock valued at $59,000 after buying an additional 770 shares during the period. Advisory Services Network LLC grew its position in Nutanix by 986.7% during the second quarter. Advisory Services Network LLC now owns 2,771 shares of the technology company’s stock valued at $71,000 after buying an additional 2,516 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its position in Nutanix by 31.9% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,995 shares of the technology company’s stock valued at $78,000 after buying an additional 725 shares during the period. Institutional investors own 64.83% of the company’s stock.

About Nutanix

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

See Also: Moving Average Convergence Divergence (MACD)

The Fly

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

Receive News & Ratings for Nutanix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix and related companies with MarketBeat.com's FREE daily email newsletter.