In yesterday’s Wall Street session, Nutanix Inc. (NASDAQ:NTNX) shares traded at $30.14, down -0.95% from the previous session.
16 analysts cover Nutanix Inc. (NASDAQ:NTNX), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $35.00 and a low of $25.00, we find $33.00. Given the previous closing price of $30.43, this indicates a potential upside of 8.45 percent. NTNX stock price is now 15.60% away from the 50-day moving average and 37.26% away from the 200-day moving average. The market capitalization of the company currently stands at $6.94B.
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The stock has received a hold rating from 7 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $32.23 as their price target over the next twelve months.
On June 30, 2022, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $19, while ‘William Blair’ rates the stock as ‘Mkt Perform’.
In other news, RAMASWAMI RAJIV, President and CEO sold 5,000 shares of the company’s stock on Sep 20. The stock was sold for $114,500 at an average price of $22.90. Upon completion of the transaction, the President and CEO now directly owns 267,576 shares in the company, valued at $8.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16, President and CEO RAMASWAMI RAJIV sold 65,376 shares of the business’s stock. A total of $1,499,072 was realized by selling the stock at an average price of $22.93. This leaves the insider owning 272,576 shares of the company worth $8.22 million. Insiders disposed of 587,279 shares of company stock worth roughly $17.7 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NTNX stock. A new stake in Nutanix Inc. shares was purchased by SOLEL PARTNERS LP during the first quarter worth $32,069,000. FULLER & THALER ASSET MANAGEMENT, INC. invested $16,881,000 in shares of NTNX during the first quarter. In the first quarter, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in Nutanix Inc. valued at approximately $14,429,000. MELQART ASSET MANAGEMENT (UK) LTD acquired a new stake in NTNX for approximately $13,784,000. BANK OF NOVA SCOTIA purchased a new stake in NTNX valued at around $12,870,000 in the second quarter. In total, there are 363 active investors with 78.10% ownership of the company’s stock.
On Wednesday morning Nutanix Inc. (NASDAQ: NTNX) stock kicked off with the opening price of $30.43. During the past 12 months, Nutanix Inc. has had a low of $13.44 and a high of $34.69. The fifty day moving average price for NTNX is $26.07 and a two-hundred day moving average price translates $21.96 for the stock.
The latest earnings results from Nutanix Inc. (NASDAQ: NTNX) was released for Jul, 2022. According to the Software – Infrastructure Company, earnings per share came in at -$0.17, beating analysts’ expectations of -$0.38 by 0.21. This compares to -$1.69 EPS in the same period last year. The net profit margin was -61.40% and return on equity was 136.90% for NTNX. The company reported revenue of $385.54 million for the quarter, compared to $390.72 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.33 percent. For the current quarter, analysts expect NTNX to generate $410.64M in revenue.
Nutanix Inc.(NTNX) Company Profile
Nutanix, Inc. provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters. It also provides Nutanix Cloud Platform that provides management, capacity planning, operational analytics, automated remediation, self-service, and one-click administration; cloud governance; and automation services that streamline application lifecycle management, provide self-service for infrastructure and applications, and deliver multicloud orchestration. In addition, the company offers Nutanix Files, an enterprise-grade NFS and SMB files services; Nutanix Objects, a S3-compatible object services; Nutanix Data Lens, a data security governance solution; Nutanix database service that provides automated database management to simplify database administration and to manage database copies; and Nutanix Frame, a desktop-as-a-service product to deliver virtual apps or desktops to users. Further, it provides product support, and consulting and implementation services. It serves customers in a range of industries, including automotive, consumer goods, education, energy, financial services, healthcare, manufacturing, media, public sector, retail, technology, and telecommunications, as well as service providers. The company was incorporated in 2009 and is headquartered in San Jose, California.
