Nutanix (NASDAQ:NTNX) Rating Increased to Strong-Buy at Rosenblatt Securities

Nutanix (NASDAQ:NTNXGet Free Report) was upgraded by research analysts at Rosenblatt Securities to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Bank of America reduced their target price on Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. William Blair restated a “market perform” rating on shares of Nutanix in a research note on Monday, March 23rd. Royal Bank Of Canada set a $55.00 price objective on shares of Nutanix in a report on Wednesday, February 11th. Wells Fargo & Company decreased their target price on shares of Nutanix from $57.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Finally, Morgan Stanley lowered their target price on shares of Nutanix from $62.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.27.

Read Our Latest Stock Report on Nutanix

Nutanix Stock Up 8.0%

Nutanix stock opened at $41.10 on Wednesday. The business has a 50 day moving average price of $39.98 and a two-hundred day moving average price of $53.61. Nutanix has a 12 month low of $35.39 and a 12 month high of $83.36. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 44.67, a price-to-earnings-growth ratio of 4.07 and a beta of 0.52.

Nutanix (NASDAQ:NTNXGet Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.12. The company had revenue of $722.83 million for the quarter, compared to analyst estimates of $709.83 million. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.Nutanix’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 EPS. On average, analysts expect that Nutanix will post 0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC boosted its stake in shares of Nutanix by 7.5% in the 4th quarter. Hsbc Holdings PLC now owns 124,779 shares of the technology company’s stock valued at $6,453,000 after purchasing an additional 8,663 shares in the last quarter. Tobam increased its position in shares of Nutanix by 135.4% during the 4th quarter. Tobam now owns 23,350 shares of the technology company’s stock worth $1,207,000 after purchasing an additional 13,430 shares in the last quarter. Wick Capital Partners LLC acquired a new stake in shares of Nutanix during the 4th quarter worth about $416,000. Avory & Company LLC bought a new position in Nutanix during the 4th quarter valued at about $367,000. Finally, Pacer Advisors Inc. lifted its holdings in Nutanix by 33.3% during the 4th quarter. Pacer Advisors Inc. now owns 278,298 shares of the technology company’s stock valued at $14,385,000 after purchasing an additional 69,517 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix News Summary

Here are the key news stories impacting Nutanix this week:

About Nutanix

(Get Free Report)

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.

See Also

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.