Nutanix Inc. (NTNX) Rating Lowered to Buy at Vetr Inc.

Nutanix Inc. (NASDAQ:NTNX) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday. They presently have a $27.22 price target on the technology company’s stock. Vetr‘s price target suggests a potential upside of 2.10% from the company’s current price.

A number of other equities research analysts have also weighed in on the company. William Blair reaffirmed a “buy” rating on shares of Nutanix in a report on Thursday, August 31st. JMP Securities reaffirmed an “outperform” rating and issued a $35.00 price objective on shares of Nutanix in a report on Sunday, September 3rd. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Nutanix in a report on Thursday, September 7th. Bank of America Corporation lifted their price objective on Nutanix from $30.00 to $35.00 and gave the company a “buy” rating in a report on Monday, September 18th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $28.00 price objective on shares of Nutanix in a report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $30.28.

Shares of Nutanix (NASDAQ:NTNX) opened at 26.66 on Tuesday. The stock’s market cap is $4.13 billion. The stock has a 50 day moving average price of $23.01 and a 200-day moving average price of $23.01. Nutanix has a 52 week low of $14.38 and a 52 week high of $35.90.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.38) by $0.05. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. The firm had revenue of $226.10 million for the quarter, compared to analyst estimates of $216.00 million. The company’s quarterly revenue was up 61.7% on a year-over-year basis. Equities analysts predict that Nutanix will post ($0.94) EPS for the current fiscal year.

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In other news, Director Jeffrey T. Parks sold 1,234,822 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $21.97, for a total transaction of $27,129,039.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David Sangster sold 27,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $21.28, for a total value of $574,560.00. Following the sale, the executive vice president now directly owns 116,250 shares in the company, valued at approximately $2,473,800. The disclosure for this sale can be found here. Insiders have sold a total of 1,741,713 shares of company stock worth $38,572,879 in the last three months.

Several institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its position in shares of Nutanix by 6.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 135,605 shares of the technology company’s stock worth $2,732,000 after purchasing an additional 8,066 shares during the last quarter. Fairfield Bush & CO. acquired a new position in shares of Nutanix during the 2nd quarter worth approximately $2,760,000. California State Teachers Retirement System raised its position in shares of Nutanix by 107.0% during the 2nd quarter. California State Teachers Retirement System now owns 61,700 shares of the technology company’s stock worth $1,243,000 after purchasing an additional 31,900 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Nutanix by 661.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,383 shares of the technology company’s stock worth $612,000 after purchasing an additional 26,393 shares during the last quarter. Finally, State Street Corp raised its position in shares of Nutanix by 146.7% during the 2nd quarter. State Street Corp now owns 547,995 shares of the technology company’s stock worth $11,042,000 after purchasing an additional 325,821 shares during the last quarter. Hedge funds and other institutional investors own 31.48% of the company’s stock.

Nutanix Company Profile

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.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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