Nutanix (NASDAQ:NTNX) Shares Up 5.9%

Nutanix, Inc. (NASDAQ:NTNXGet Rating)’s stock price was up 5.9% on Tuesday . The stock traded as high as $16.17 and last traded at $16.10. Approximately 17,577 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 1,557,843 shares. The stock had previously closed at $15.21.

Analysts Set New Price Targets

Several brokerages recently issued reports on NTNX. Needham & Company LLC cut their target price on shares of Nutanix from $34.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 26th. William Blair lowered Nutanix from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 26th. Susquehanna Bancshares decreased their target price on Nutanix to $25.00 in a report on Thursday, May 26th. Barclays assumed coverage on Nutanix in a report on Thursday, June 30th. They set an “overweight” rating and a $19.00 price target for the company. Finally, Wells Fargo & Company decreased their price objective on Nutanix to $20.00 in a research note on Thursday, May 26th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Nutanix currently has an average rating of “Moderate Buy” and an average target price of $27.45.

Nutanix Stock Performance

The firm has a market capitalization of $3.71 billion, a PE ratio of -3.55 and a beta of 1.44. The business’s fifty day simple moving average is $15.12 and its 200-day simple moving average is $21.85.

Nutanix (NASDAQ:NTNXGet Rating) last posted its earnings results on Wednesday, May 25th. The technology company reported ($0.42) earnings per share for the quarter, beating the consensus estimate of ($0.65) by $0.23. The company had revenue of $403.70 million for the quarter, compared to analysts’ expectations of $397.90 million. The business’s revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.87) earnings per share. Sell-side analysts expect that Nutanix, Inc. will post -2.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Nutanix news, CEO Rajiv Ramaswami sold 5,000 shares of Nutanix stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $14.62, for a total value of $73,100.00. Following the sale, the chief executive officer now owns 218,392 shares of the company’s stock, valued at approximately $3,192,891.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Nutanix news, insider Tyler Wall sold 4,808 shares of the stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $13.97, for a total transaction of $67,167.76. Following the completion of the transaction, the insider now owns 116,379 shares in the company, valued at $1,625,814.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 5,000 shares of the business’s stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $14.62, for a total transaction of $73,100.00. Following the completion of the sale, the chief executive officer now owns 218,392 shares in the company, valued at $3,192,891.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,196 shares of company stock worth $1,193,438. Corporate insiders own 0.92% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NTNX. Treasurer of the State of North Carolina lifted its stake in shares of Nutanix by 13.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 89,067 shares of the technology company’s stock valued at $1,303,000 after purchasing an additional 10,241 shares during the last quarter. BW Gestao de Investimentos Ltda. lifted its position in Nutanix by 29.3% in the second quarter. BW Gestao de Investimentos Ltda. now owns 485,427 shares of the technology company’s stock worth $7,102,000 after buying an additional 110,000 shares during the last quarter. US Bancorp DE boosted its stake in Nutanix by 41.8% during the second quarter. US Bancorp DE now owns 2,716 shares of the technology company’s stock worth $40,000 after buying an additional 801 shares during the period. Chartwell Investment Partners LLC increased its position in Nutanix by 31.0% during the second quarter. Chartwell Investment Partners LLC now owns 150,668 shares of the technology company’s stock valued at $2,204,000 after acquiring an additional 35,639 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Nutanix by 1.8% in the second quarter. Arizona State Retirement System now owns 58,188 shares of the technology company’s stock valued at $851,000 after acquiring an additional 1,056 shares during the period. Hedge funds and other institutional investors own 70.43% of the company’s stock.

Nutanix Company Profile

(Get Rating)

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis converges virtualization, enterprise storage services, and networking visualization and security services; Acropolis Hypervisor, an enterprise-grade virtualization solution; Nutanix Karbon for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments; and Nutanix Clusters solution.

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