2 weeks Ago By Defense World Staff
Shares of Nutanix, Inc. ( NASDAQ:NTNX – Get Free Report ) have received a consensus rating of “Moderate Buy” from the fifteen analysts that are presently covering the stock, MarketBeat.com reports.
Four investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $73.31.
Several analysts have recently commented on NTNX shares. Morgan Stanley raised their target price on shares of Nutanix from $62.00 to $71.
00 and gave the stock an “equal weight” rating in a research note on Thursday, August 29th. Northland Securities lifted their price objective on Nutanix from $71.00 to $74.
00 and gave the company a “market perform” rating in a report on Friday, August 30th. Piper Sandler boosted their target price on Nutanix from $76.00 to $77.
00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. raised their price target on Nutanix from $65.
00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Finally, Royal Bank of Canada upped their price objective on Nutanix from $70.
00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. View Our Latest Report on Nutanix Nutanix Stock Performance Nutanix ( NASDAQ:NTNX – Get Free Report ) last released its earnings results on Wednesday, August 28th.
The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.
02. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.
81%. The business had revenue of $547.95 million for the quarter, compared to analyst estimates of $537.
12 million. Equities research analysts forecast that Nutanix will post 0.27 EPS for the current year.
Insider Buying and Selling at Nutanix In related news, CFO Rukmini Sivaraman sold 24,316 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total value of $1,430,996.
60. Following the completion of the transaction, the chief financial officer now owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . In other Nutanix news, COO David Sangster sold 11,950 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $59.
83, for a total transaction of $714,968.50. Following the transaction, the chief operating officer now owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.
44. The sale was disclosed in a filing with the SEC, which is available at the SEC website . Also, CFO Rukmini Sivaraman sold 24,316 shares of the firm’s stock in a transaction on Tuesday, September 17th.
The stock was sold at an average price of $58.85, for a total value of $1,430,996.60.
Following the sale, the chief financial officer now owns 192,169 shares in the company, valued at approximately $11,309,145.65. The disclosure for this sale can be found here .
0.46% of the stock is owned by insiders. Hedge Funds Weigh In On Nutanix Large investors have recently added to or reduced their stakes in the business.
Vanguard Group Inc. boosted its holdings in shares of Nutanix by 1.4% in the 1st quarter.
Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock valued at $1,548,378,000 after purchasing an additional 346,414 shares during the last quarter. Generation Investment Management LLP boosted its holdings in Nutanix by 1.
8% in the fourth quarter. Generation Investment Management LLP now owns 17,257,588 shares of the technology company’s stock valued at $823,014,000 after acquiring an additional 300,942 shares during the last quarter. FIL Ltd grew its position in Nutanix by 74.
7% during the fourth quarter. FIL Ltd now owns 8,908,166 shares of the technology company’s stock valued at $424,830,000 after acquiring an additional 3,809,981 shares during the period. Price T Rowe Associates Inc.
MD increased its stake in Nutanix by 29.2% during the first quarter. Price T Rowe Associates Inc.
MD now owns 4,358,768 shares of the technology company’s stock worth $269,024,000 after acquiring an additional 985,421 shares during the last quarter. Finally, Jericho Capital Asset Management L.P.
raised its holdings in shares of Nutanix by 13.1% in the 1st quarter. Jericho Capital Asset Management L.
P. now owns 3,988,923 shares of the technology company’s stock worth $246,196,000 after purchasing an additional 462,000 shares during the period. 85.
25% of the stock is currently owned by hedge funds and other institutional investors. About Nutanix ( Get Free Report Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.
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