Nutanix (NTNX) Price Target Increased to $55.00 by Analysts at Morgan Stanley

Nutanix (NASDAQ:NTNX) had its price target raised by Morgan Stanley from $52.00 to $55.00 in a research note published on Friday. Morgan Stanley currently has an equal weight rating on the technology company’s stock.

NTNX has been the topic of several other reports. Wells Fargo & Co lifted their price target on shares of Nutanix from $43.00 to $52.00 and gave the stock an outperform rating in a report on Friday, March 2nd. Robert W. Baird reaffirmed a buy rating and issued a $61.00 price target on shares of Nutanix in a report on Thursday, May 10th. Vetr lowered shares of Nutanix from a hold rating to a sell rating and set a $52.09 price target on the stock. in a report on Monday, April 16th. Oppenheimer raised shares of Nutanix to a top pick rating and lifted their price target for the stock from $43.00 to $65.00 in a report on Wednesday, March 14th. Finally, Royal Bank of Canada reaffirmed a buy rating and issued a $43.00 price target on shares of Nutanix in a report on Friday, March 2nd. Three analysts have rated the stock with a sell rating, two have given a hold rating and nineteen have assigned a buy rating to the stock. Nutanix presently has a consensus rating of Buy and a consensus target price of $50.69.

Nutanix traded down $2.86, hitting $52.50, during trading on Friday, MarketBeat reports. 8,886,802 shares of the company’s stock traded hands, compared to its average volume of 2,316,688. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 1.38. Nutanix has a 1 year low of $16.64 and a 1 year high of $60.00. The firm has a market cap of $9.10 billion, a price-to-earnings ratio of -15.77 and a beta of 0.38.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, May 24th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.02). Nutanix had a negative return on equity of 154.04% and a negative net margin of 27.88%. The firm had revenue of $289.40 million during the quarter, compared to analysts’ expectations of $278.72 million. During the same period in the prior year, the firm posted ($0.42) earnings per share. Nutanix’s revenue for the quarter was up 40.7% compared to the same quarter last year. analysts anticipate that Nutanix will post -1.59 EPS for the current fiscal year.

In other news, Director Jeffrey T. Parks sold 1,858,951 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $37.94, for a total transaction of $70,528,600.94. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP David Sangster sold 6,625 shares of the business’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $52.66, for a total transaction of $348,872.50. Following the sale, the executive vice president now directly owns 12,500 shares in the company, valued at $658,250. The disclosure for this sale can be found here. Insiders have sold 2,458,246 shares of company stock worth $100,745,663 over the last three months. Corporate insiders own 19.81% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in NTNX. Rhumbline Advisers lifted its position in Nutanix by 1.6% during the first quarter. Rhumbline Advisers now owns 101,523 shares of the technology company’s stock valued at $4,986,000 after purchasing an additional 1,595 shares during the period. Baker Avenue Asset Management LP lifted its position in Nutanix by 7.1% during the first quarter. Baker Avenue Asset Management LP now owns 27,197 shares of the technology company’s stock valued at $1,336,000 after purchasing an additional 1,798 shares during the period. Osterweis Capital Management Inc. lifted its position in Nutanix by 1.6% during the first quarter. Osterweis Capital Management Inc. now owns 123,290 shares of the technology company’s stock valued at $6,055,000 after purchasing an additional 1,910 shares during the period. Teacher Retirement System of Texas lifted its position in Nutanix by 9.0% during the first quarter. Teacher Retirement System of Texas now owns 23,880 shares of the technology company’s stock valued at $1,173,000 after purchasing an additional 1,972 shares during the period. Finally, Thompson Davis & CO. Inc. lifted its position in Nutanix by 1,600.0% during the first quarter. Thompson Davis & CO. Inc. now owns 2,125 shares of the technology company’s stock valued at $104,000 after purchasing an additional 2,000 shares during the period. 52.67% of the stock is currently owned by hedge funds and other institutional investors.

About Nutanix

Nutanix, Inc develops and provides an enterprise cloud operating system software. It offers enterprise applications, virtual desktop infrastructure, virtualization and cloud, big data, remote and branch office IT, and data protection and disaster recovery solutions; and hardware platforms and software options; and support and services.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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