Nutanix (NASDAQ:NTNX) Trading Up 2.2%

Nutanix Inc (NASDAQ:NTNX) was up 2.2% during mid-day trading on Wednesday . The stock traded as high as $18.42 and last traded at $18.78, approximately 266,447 shares were traded during mid-day trading. A decline of 96% from the average daily volume of 6,170,545 shares. The stock had previously closed at $18.37.

Several research analysts have recently issued reports on NTNX shares. Stifel Nicolaus reduced their target price on shares of Nutanix from $34.00 to $30.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Bank of America reduced their target price on shares of Nutanix from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada raised their target price on shares of Nutanix to and gave the company an “outperform” rating in a research note on Monday, February 24th. Zacks Investment Research raised shares of Nutanix from a “sell” rating to a “hold” rating and set a $39.00 target price on the stock in a research note on Monday, December 2nd. Finally, Morgan Stanley reduced their target price on shares of Nutanix from $33.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Nutanix has an average rating of “Buy” and a consensus target price of $38.40.

The company has a debt-to-equity ratio of 9.21, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of -3.89 and a beta of 1.62. The firm’s fifty day simple moving average is $25.86 and its 200 day simple moving average is $29.08.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, February 26th. The technology company reported ($0.60) EPS for the quarter, topping the consensus estimate of ($1.10) by $0.50. The firm had revenue of $346.77 million for the quarter, compared to the consensus estimate of $342.04 million. Nutanix had a negative net margin of 68.13% and a negative return on equity of 650.18%. Analysts forecast that Nutanix Inc will post -4.56 earnings per share for the current year.

In other news, CEO Dheeraj Pandey sold 115,293 shares of Nutanix stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $31.89, for a total value of $3,676,693.77. Following the sale, the chief executive officer now directly owns 29,451 shares in the company, valued at $939,192.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David Sangster sold 11,051 shares of Nutanix stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $12.61, for a total transaction of $139,353.11. Following the completion of the sale, the chief operating officer now owns 46,807 shares in the company, valued at $590,236.27. The disclosure for this sale can be found here. Insiders have sold a total of 166,042 shares of company stock worth $4,316,639 over the last 90 days. Corporate insiders own 9.79% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC raised its holdings in shares of Nutanix by 119.8% in the fourth quarter. CWM LLC now owns 879 shares of the technology company’s stock valued at $27,000 after purchasing an additional 479 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Nutanix by 556.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,070 shares of the technology company’s stock valued at $33,000 after purchasing an additional 907 shares during the last quarter. Advisory Alpha LLC acquired a new stake in shares of Nutanix in the fourth quarter valued at approximately $88,000. Point72 Hong Kong Ltd acquired a new stake in shares of Nutanix in the fourth quarter valued at approximately $95,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Nutanix by 694.8% in the third quarter. Russell Investments Group Ltd. now owns 3,203 shares of the technology company’s stock valued at $85,000 after purchasing an additional 2,800 shares during the last quarter. Institutional investors own 68.74% of the company’s stock.

About Nutanix (NASDAQ:NTNX)

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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