Nutanix (NASDAQ:NTNX) Upgraded at OTR Global

Nutanix (NASDAQ:NTNX) was upgraded by investment analysts at OTR Global to a “positive” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

Several other equities research analysts have also recently issued reports on the company. William Blair restated a “buy” rating on shares of Nutanix in a report on Thursday, August 29th. Needham & Company LLC set a $46.00 price objective on Nutanix and gave the stock a “buy” rating in a report on Thursday, August 22nd. UBS Group upgraded Nutanix to a “positive” rating and raised their price objective for the stock from $23.00 to $45.00 in a report on Monday, September 9th. BidaskClub cut Nutanix from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Morgan Stanley decreased their price objective on Nutanix from $35.00 to $29.00 and set an “equal weight” rating on the stock in a report on Thursday, August 29th. Nine research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $37.56.

NTNX stock opened at $29.69 on Wednesday. Nutanix has a 52-week low of $17.74 and a 52-week high of $54.68. The stock’s fifty day simple moving average is $27.30 and its 200-day simple moving average is $26.82. The company has a debt-to-equity ratio of 2.46, a quick ratio of 2.13 and a current ratio of 2.13.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.96) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.05) by $0.09. Nutanix had a negative return on equity of 172.43% and a negative net margin of 50.25%. The business had revenue of $299.90 million for the quarter, compared to analysts’ expectations of $293.49 million. During the same quarter last year, the firm earned ($0.11) earnings per share. The business’s revenue was down 1.3% on a year-over-year basis. Equities research analysts predict that Nutanix will post -4.39 EPS for the current fiscal year.

In related news, COO David Sangster sold 5,852 shares of Nutanix stock in a transaction on Monday, September 16th. The stock was sold at an average price of $26.71, for a total value of $156,306.92. Following the transaction, the chief operating officer now owns 32,703 shares in the company, valued at $873,497.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Duston Williams sold 19,610 shares of Nutanix stock in a transaction on Monday, September 16th. The shares were sold at an average price of $26.71, for a total value of $523,783.10. Following the completion of the transaction, the chief financial officer now owns 218,596 shares in the company, valued at approximately $5,838,699.16. The disclosure for this sale can be found here. Insiders sold 34,951 shares of company stock worth $933,541 in the last quarter. 9.79% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of NTNX. Generation Investment Management LLP acquired a new position in Nutanix in the second quarter valued at $374,127,000. Eminence Capital LP acquired a new position in Nutanix in the second quarter valued at $99,453,000. ARK Investment Management LLC lifted its stake in shares of Nutanix by 651.0% during the second quarter. ARK Investment Management LLC now owns 1,412,100 shares of the technology company’s stock worth $36,630,000 after purchasing an additional 1,224,081 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Nutanix by 167.4% during the second quarter. First Trust Advisors LP now owns 1,952,096 shares of the technology company’s stock worth $50,637,000 after purchasing an additional 1,221,956 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Nutanix by 2,891.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,111,918 shares of the technology company’s stock worth $28,843,000 after purchasing an additional 1,074,748 shares in the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.

Nutanix Company Profile

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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Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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