Nutanix (NTNX) Hits New 52-Week High and Low at $61.45

Nutanix Inc (NASDAQ:NTNX)’s share price hit a new 52-week high and low on Tuesday . The company traded as low as $61.45 and last traded at $60.93, with a volume of 287088 shares. The stock had previously closed at $56.61.

A number of brokerages recently weighed in on NTNX. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $37.00 target price (up from $32.00) on shares of Nutanix in a research note on Tuesday, March 13th. Royal Bank of Canada upped their target price on shares of Nutanix to $58.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 13th. They noted that the move was a valuation call. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $57.00 target price on shares of Nutanix in a research note on Tuesday, March 13th. Needham & Company LLC upped their target price on shares of Nutanix from $48.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, March 13th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $52.00 target price (up from $42.00) on shares of Nutanix in a research note on Tuesday, March 13th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $51.66.

The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.10 and a current ratio of 3.10. The company has a market capitalization of $9.26 billion, a P/E ratio of -19.11 and a beta of 0.40.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Thursday, May 24th. The technology company reported ($0.21) EPS for the quarter, missing the Zacks’ 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 business had revenue of $289.40 million for the quarter, compared to analyst estimates of $278.72 million. During the same quarter in the prior year, the company earned ($0.42) earnings per share. The company’s quarterly revenue was up 40.7% on a year-over-year basis. equities research analysts forecast that Nutanix Inc will post -1.74 EPS for the current year.

In related news, VP Kenneth W. Long III sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $50.22, for a total value of $1,506,600.00. Following the completion of the sale, the vice president now directly owns 151,628 shares in the company, valued at approximately $7,614,758.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Sudheesh Nair Vadakkedath sold 20,000 shares of the firm’s stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $56.44, for a total transaction of $1,128,800.00. Following the completion of the sale, the president now owns 187,247 shares of the company’s stock, valued at $10,568,220.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 743,602 shares of company stock valued at $39,073,055. Company insiders own 19.81% of the company’s stock.

A number of large investors have recently modified their holdings of NTNX. BlackRock Inc. lifted its stake in Nutanix by 89.6% in the 4th quarter. BlackRock Inc. now owns 5,875,339 shares of the technology company’s stock valued at $207,282,000 after purchasing an additional 2,776,194 shares during the last quarter. Contour Asset Management LLC acquired a new stake in Nutanix in the 4th quarter valued at about $35,868,000. Cramer Rosenthal Mcglynn LLC lifted its stake in Nutanix by 124.9% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,473,512 shares of the technology company’s stock valued at $51,986,000 after purchasing an additional 818,378 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Nutanix by 151.4% in the 1st quarter. Wells Fargo & Company MN now owns 1,215,168 shares of the technology company’s stock valued at $59,677,000 after purchasing an additional 731,841 shares during the last quarter. Finally, Cavalry Management Group LLC acquired a new stake in Nutanix in the 1st quarter valued at about $26,925,000. Institutional investors and hedge funds own 52.81% of the company’s stock.

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.

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