Oppenheimer Holdings, Inc. now has a $34.00 target price on the technology company’s stock.
A number of other research analysts have also recently commented on the company. KeyCorp restated a buy rating and set a $32.00 target price on shares of Nutanix in a report on Friday, September 1st. Zacks Investment Research upgraded Nutanix from a hold rating to a buy rating and set a $25.00 target price on the stock in a report on Friday, September 8th. Finally, Stifel Nicolaus reissued a “neutral – hold” rating on shares of Nutanix in a report on Friday, June 30th. Accern also gave news stories about the technology company an impact score of 45.7407256848414 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Nutanix has an average rating of “Buy” and an average price target of $31.05.
Nutanix (NASDAQ:NTNX) opened at 24.50 on Thursday. The company’s market capitalization is $3.74 billion. The stock was trading at a distance of -49.85% from its 52-week highs and stands 63.14% away from its 52-week lows.
Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, August 31st. Analysts expect next quarter’s EPS will be $-0.26 and the next full year EPS is anticipated to be $-0.56. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The business had revenue of $226.10 million for the quarter, compared to analysts’ expectations of $216.00 million. While in the same Quarter Previous year, the Actual EPS was $-0.37.
As of the last earnings report the EPS was $-2.96 and is estimated to be $-0.97 for the current year with 152,581,000 shares presently outstanding.
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Insider Trades for Nutanix, Inc. show that the latest trade was made on 18 Sep 2017 where Sangster (David), the Officer completed a transaction type “Sell” in which 5891 shares were traded at a price of $22.39. The shares were sold at an average price of $20.05, for a total value of $501,250.00. Following the completion of the sale, the executive vice president now directly owns 303,405 shares in the company, valued at approximately $5,697,945.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
SVP, Engineering Rajiv Mirani disclosed the sale of 75,000 shares of NTNX stock. The 50 day moving average was up by +12.31% and the 200 day average moved up $2.70. The disclosure for this sale can be found here.
A number of equities analysts have recently weighed in on NTNX shares. Bank of New York Mellon Corp raised its stake in shares of Nutanix by 31.0% during the 1st quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock valued at $242,686,000 after purchasing an additional 9,180,123 shares during the period.
Nutanix, Inc. has a consensus outperform rating from 17 Wall Street analysts, and the number of shares now sold short amount to at least 19.7% of shares outstanding. Finally, Russell Investments Group Ltd. bought a new position in shares of Nutanix during the fourth quarter worth approximately $566,000. State Street Corp now owns 547,995 shares of the technology company’s stock valued at $11,042,000 after buying an additional 325,821 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Nutanix by 70.2% during the 1st quarter. Macquarie Group Ltd. now owns 1,366,367 shares of the technology company’s stock worth $36,291,000 after buying an additional 1,102,841 shares during the last quarter. During last 3 month period, 25.06% of total institutional ownership has changed in the company shares.