Nutanix (NASDAQ:NTNX) Receives Consensus Rating of “Moderate Buy” from Analysts

Nutanix (NASDAQ:NTNX) has been assigned a consensus rating of “Moderate Buy” from the eighteen analysts that are currently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $67.1333.

Several equities analysts have recently weighed in on NTNX shares. Zacks Research downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Nutanix in a research report on Monday, December 29th. Morgan Stanley set a $62.00 target price on shares of Nutanix in a report on Monday, January 12th. Oppenheimer initiated coverage on shares of Nutanix in a research note on Monday, November 17th. They issued an “outperform” rating and a $90.00 target price on the stock. Finally, Barclays reissued an “equal weight” rating and set a $53.00 price target (down previously from $64.00) on shares of Nutanix in a research report on Thursday, January 15th.

Institutional Investors Weigh In On Nutanix

Institutional investors have recently modified their holdings of the business. New Millennium Group LLC bought a new position in Nutanix during the 4th quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new position in Nutanix in the fourth quarter worth about $39,000. Covestor Ltd increased its holdings in Nutanix by 73.1% during the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after buying an additional 324 shares during the last quarter. Harbour Investments Inc. raised its holdings in Nutanix by 159.4% in the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock worth $42,000 after purchasing an additional 502 shares during the period. Finally, GW&K Investment Management LLC lifted its position in shares of Nutanix by 78.7% during the 4th quarter. GW&K Investment Management LLC now owns 981 shares of the technology company’s stock valued at $51,000 after buying an additional 432 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Trading Down 1.1%

Shares of NTNX stock opened at $41.43 on Thursday. The company’s fifty day moving average price is $47.13 and its 200-day moving average price is $61.44. The stock has a market cap of $11.20 billion, a PE ratio of 55.24, a price-to-earnings-growth ratio of 4.47 and a beta of 0.48. Nutanix has a 12 month low of $35.39 and a 12 month high of $83.36.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Tuesday, November 25th. The technology company reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. Nutanix had a net margin of 8.43% and a negative return on equity of 32.95%. The business had revenue of $670.58 million for the quarter, compared to analysts’ expectations of $677.23 million. During the same quarter in the prior year, the company earned $0.42 earnings per share. The business’s revenue was up 13.5% compared to the same quarter last year. On average, sell-side analysts forecast that Nutanix will post 0.31 earnings per share for the current fiscal year.

Nutanix Company Profile

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.