Nutanix (NTNX) Hits New 1-Year High and Low at $61.45

Nutanix Inc (NASDAQ:NTNX) shares hit a new 52-week high and low during trading on Tuesday . The stock traded as low as $61.45 and last traded at $60.93, with a volume of 287088 shares traded. The stock had previously closed at $56.61.

Several research analysts have recently commented on NTNX shares. Vetr downgraded Nutanix from a “hold” rating to a “sell” rating and set a $46.18 target price on the stock. in a report on Tuesday, April 3rd. Goldman Sachs Group downgraded Nutanix from a “conviction-buy” rating to a “buy” rating in a report on Friday, March 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $64.00 target price (up from $52.00) on shares of Nutanix in a report on Sunday, April 22nd. Robert W. Baird restated a “buy” rating and issued a $64.00 price objective on shares of Nutanix in a research report on Friday, May 25th. Finally, Bank of America boosted their price objective on shares of Nutanix from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, March 9th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and twenty have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $51.66.

The stock has a market cap of $9.26 billion, a P/E ratio of -19.11 and a beta of 0.40. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.10 and a current ratio of 3.10.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, May 24th. The technology company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). The business had revenue of $289.40 million for the quarter, compared to the consensus estimate of $278.72 million. Nutanix had a negative net margin of 27.88% and a negative return on equity of 154.04%. The business’s revenue was up 40.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.42) EPS. equities analysts expect that Nutanix Inc will post -1.74 earnings per share for the current year.

In other Nutanix news, EVP David Sangster sold 6,625 shares of the company’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $52.66, for a total transaction of $348,872.50. Following the completion of the sale, the executive vice president now owns 12,500 shares in the company, valued at approximately $658,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Sudheesh Nair Vadakkedath sold 40,000 shares of the company’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $52.37, for a total transaction of $2,094,800.00. Following the sale, the president now owns 193,856 shares of the company’s stock, valued at approximately $10,152,238.72. The disclosure for this sale can be found here. Insiders have sold a total of 743,602 shares of company stock valued at $39,073,055 in the last quarter. Corporate insiders own 19.81% of the company’s stock.

Several institutional investors have recently modified their holdings of NTNX. Schwab Charles Investment Management Inc. raised its position in shares of Nutanix by 80.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 359,150 shares of the technology company’s stock valued at $12,671,000 after acquiring an additional 159,645 shares during the last quarter. Comerica Bank bought a new stake in shares of Nutanix in the 4th quarter valued at $1,036,000. US Bancorp DE increased its position in shares of Nutanix by 850.6% in the 4th quarter. US Bancorp DE now owns 4,753 shares of the technology company’s stock valued at $168,000 after buying an additional 4,253 shares in the last quarter. ING Groep NV bought a new stake in shares of Nutanix in the 4th quarter valued at $494,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Nutanix in the 4th quarter valued at $773,000. Institutional investors own 52.81% of the company’s stock.

Nutanix Company Profile

Nutanix, Inc develops and provides an enterprise cloud operating system software. It offers enterprise applications, virtual desktop infrastructure, virtualization and cloud, big data, remote and branch office IT, and data protection and disaster recovery solutions; and hardware platforms and software options; and support and services.

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