In yesterday’s Wall Street session, Nutanix Inc (NASDAQ:NTNX) shares traded at $35.72, up 1.71% from the previous session.
17 analysts cover Nutanix Inc (NASDAQ:NTNX), according to research data. The consensus rating among analysts is ‘Overweight’. NTNX stock price is now 12.32% away from the 50-day moving average and 26.07% away from the 200-day moving average. The market capitalization of the company currently stands at $8.42B.
The stock has received a hold rating from 6 analysts and a buy rating from 10.
With the price target enhanced from $39 to $50, BofA Securities Upgraded its rating from Neutral to Buy for Nutanix Inc (NASDAQ: NTNX).
In other news, Sangster David, Chief Operating Officer sold 136,519 shares of the company’s stock on Sep 26. The stock was sold for $4,789,570 at an average price of $35.08. Upon completion of the transaction, the Chief Operating Officer now directly owns 66,870 shares in the company, valued at $2.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 26, President and CEO RAMASWAMI RAJIV sold 45,902 shares of the business’s stock. A total of $1,610,337 was realized by selling the stock at an average price of $35.08. This leaves the insider owning 482,597 shares of the company worth $17.24 million. Insiders disposed of 501,103 shares of company stock worth roughly $17.9 million over the past 1 year. A total of 0.68% 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 LOS ANGELES CAPITAL MANAGEMENT LLC during the first quarter worth $29,332,000. TWO SIGMA INVESTMENTS, LP invested $8,889,000 in shares of NTNX during the first quarter. In the first quarter, TUDOR INVESTMENT CORP ET AL acquired a new stake in Nutanix Inc valued at approximately $6,518,000. IA GLOBAL ASSET MANAGEMENT INC. acquired a new stake in NTNX for approximately $5,861,000. PARALLAX VOLATILITY ADVISERS, L.P. purchased a new stake in NTNX valued at around $3,886,000 in the second quarter. In total, there are 419 active investors with 80.25% ownership of the company’s stock.
On Wednesday morning Nutanix Inc (NASDAQ: NTNX) stock kicked off with the opening price of $35.80. During the past 12 months, Nutanix Inc has had a low of $19.96 and a high of $36.75. The fifty day moving average price for NTNX is $31.94 and a two-hundred day moving average price translates $28.36 for the stock.
The latest earnings results from Nutanix Inc (NASDAQ: NTNX) was released for Jul, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.24, beating analysts’ expectations of $0.16 by 0.08. This compares to -$0.64 EPS in the same period last year. The company reported revenue of $494.21 million for the quarter, compared to $385.54 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.19 percent. For the current quarter, analysts expect NTNX to generate $501.32M 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 Management 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 network file system and server message block files services; Nutanix Objects, a S3-compatible object services; Nutanix Data Lens, a data security governance solution; and Nutanix database service that provides automated database management to simplify database administration and to manage database copies. Further, it provides product support, and consulting and implementation services. The company 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. Nutanix, Inc. was incorporated in 2009 and is headquartered in San Jose, California.
