ValuEngine Lowers Nutanix Inc. (NTNX) to Sell

ValuEngine cut shares of Nutanix Inc. (NASDAQ:NTNX) from a hold rating to a sell rating in a research note published on Thursday.

Several other brokerages also recently issued reports on NTNX. Raymond James Financial, Inc. raised shares of Nutanix from a market perform rating to an outperform rating and set a $32.00 price objective for the company in a research note on Monday, November 6th. Vetr raised shares of Nutanix from a buy rating to a strong-buy rating and set a $32.53 price target for the company in a research note on Tuesday, October 31st. Zacks Investment Research downgraded shares of Nutanix from a buy rating to a hold rating in a research note on Wednesday, November 8th. William Blair reaffirmed an outperform rating on shares of Nutanix in a research note on Friday, October 13th. Finally, Royal Bank Of Canada reaffirmed an outperform rating and set a $34.00 price target on shares of Nutanix in a research note on Friday, October 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $30.25.

Shares of Nutanix (NASDAQ NTNX) traded up $0.25 during midday trading on Thursday, reaching $28.87. 1,997,500 shares of the company’s stock traded hands, compared to its average volume of 3,026,263. Nutanix has a twelve month low of $14.38 and a twelve month high of $34.96.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.05. The business had revenue of $226.10 million during the quarter, compared to the consensus estimate of $216.00 million. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The business’s revenue was up 61.7% on a year-over-year basis. equities analysts forecast that Nutanix will post -2.19 EPS for the current year.

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In other Nutanix news, insider Sunil Potti sold 10,000 shares of Nutanix stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $21.43, for a total value of $214,300.00. Following the transaction, the insider now directly owns 123,603 shares of the company’s stock, valued at $2,648,812.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Sangster sold 27,000 shares of Nutanix stock in a transaction on Monday, October 30th. The stock was sold at an average price of $27.92, for a total transaction of $753,840.00. Following the completion of the transaction, the executive vice president now directly owns 78,000 shares in the company, valued at $2,177,760. The disclosure for this sale can be found here. Insiders sold 536,891 shares of company stock worth $12,537,319 over the last ninety days. Corporate insiders own 19.81% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. grew its holdings in Nutanix by 320.0% in the third quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock worth $118,000 after purchasing an additional 4,000 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Nutanix by 3,147.6% during the second quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after buying an additional 8,530 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Nutanix during the second quarter valued at $186,000. PNC Financial Services Group Inc. purchased a new stake in shares of Nutanix during the second quarter valued at $208,000. Finally, Iron Financial LLC purchased a new stake in shares of Nutanix during the third quarter valued at $235,000. 31.53% of the stock is currently owned by institutional investors and hedge funds.

About Nutanix

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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