Nutanix (NTNX) Lowered to Buy at Vetr

Vetr cut shares of Nutanix (NASDAQ:NTNX) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday. They currently have $37.59 price target on the technology company’s stock.

Several other brokerages also recently weighed in on NTNX. Robert W. Baird reaffirmed a buy rating and set a $41.00 price target on shares of Nutanix in a report on Wednesday, January 3rd. Goldman Sachs Group initiated coverage on shares of Nutanix in a report on Wednesday, February 7th. They set a conviction-buy rating and a $43.00 price target on the stock. Royal Bank of Canada reaffirmed a buy rating and set a $40.00 price target on shares of Nutanix in a report on Friday, December 1st. Zacks Investment Research raised shares of Nutanix from a hold rating to a buy rating and set a $38.00 price target on the stock in a report on Wednesday, December 6th. Finally, Needham & Company LLC initiated coverage on shares of Nutanix in a report on Wednesday, November 22nd. They set a buy rating and a $45.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $36.24.

Shares of Nutanix (NASDAQ:NTNX) opened at $34.22 on Wednesday. The stock has a market cap of $5,324.47, a P/E ratio of -14.14 and a beta of 4.84. Nutanix has a 12-month low of $14.38 and a 12-month high of $38.80.

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

In other news, Director Jeffrey T. Parks sold 285,975 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $37.54, for a total value of $10,735,501.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey T. Parks sold 456,623 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $29.51, for a total transaction of $13,474,944.73. The disclosure for this sale can be found here. Insiders sold 2,344,581 shares of company stock worth $77,422,126 in the last three months. Insiders own 19.81% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Focused Wealth Management Inc raised its stake in Nutanix by 107.2% during the fourth quarter. Focused Wealth Management Inc now owns 4,059 shares of the technology company’s stock valued at $143,000 after purchasing an additional 2,100 shares in the last quarter. Delpha Capital Management LLC purchased a new stake in Nutanix during the fourth quarter valued at $104,000. Brown Advisory Inc. raised its stake in Nutanix by 4.4% during the third quarter. Brown Advisory Inc. now owns 76,570 shares of the technology company’s stock valued at $1,714,000 after purchasing an additional 3,254 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its stake in Nutanix by 96.2% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 7,989 shares of the technology company’s stock valued at $282,000 after purchasing an additional 3,918 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in Nutanix by 115.4% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,432 shares of the technology company’s stock valued at $262,000 after purchasing an additional 3,982 shares in the last quarter. 34.83% of the stock is currently owned by institutional investors.

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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 Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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