Nutanix (NASDAQ:NTNX) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Nutanix (NASDAQ:NTNX) posted its quarterly earnings results on Wednesday. The technology company reported ($0.96) EPS for the quarter, topping the consensus estimate of ($1.05) by $0.09, Morningstar.com reports. The business had revenue of $299.90 million during the quarter, compared to analysts’ expectations of $293.49 million. Nutanix had a negative net margin of 41.47% and a negative return on equity of 127.35%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the company posted ($0.11) earnings per share. Nutanix updated its Q1 2020 guidance to $-0.75–0.75 EPS and its Q1 guidance to ($0.75) EPS.

NASDAQ NTNX opened at $24.01 on Friday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $3.56 billion, a PE ratio of -7.55 and a beta of 1.35. The company has a 50 day moving average price of $21.88 and a two-hundred day moving average price of $33.24. Nutanix has a 12-month low of $17.74 and a 12-month high of $63.38.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Securities Inc. acquired a new stake in Nutanix in the 4th quarter valued at approximately $249,000. Dimensional Fund Advisors LP grew its stake in shares of Nutanix by 10.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 191,993 shares of the technology company’s stock worth $7,983,000 after acquiring an additional 17,691 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Nutanix by 18.0% in the fourth quarter. Geode Capital Management LLC now owns 919,666 shares of the technology company’s stock worth $38,248,000 after acquiring an additional 140,610 shares in the last quarter. Virginia Retirement Systems ET AL grew its stake in shares of Nutanix by 1.9% in the first quarter. Virginia Retirement Systems ET AL now owns 16,000 shares of the technology company’s stock worth $604,000 after acquiring an additional 300 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Nutanix in the first quarter worth $1,020,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

NTNX has been the subject of several research reports. Needham & Company LLC set a $46.00 price target on shares of Nutanix and gave the stock a “buy” rating in a report on Thursday, August 22nd. Jefferies Financial Group decreased their price target on shares of Nutanix from $49.00 to $40.00 and set a “buy” rating for the company in a report on Friday, May 31st. BTIG Research decreased their price target on shares of Nutanix to $40.00 and set a “buy” rating for the company in a report on Friday, May 31st. Odeon Capital Group initiated coverage on shares of Nutanix in a report on Thursday, May 9th. They set a “buy” rating for the company. Finally, ValuEngine upgraded shares of Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Nutanix currently has a consensus rating of “Buy” and a consensus target price of $37.13.

About Nutanix

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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Earnings History for Nutanix (NASDAQ:NTNX)

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