Nutanix Inc (NASDAQ:NTNX) Director John Mcadam sold 15,000 shares of Nutanix stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $51.46, for a total value of $771,900.00. Following the completion of the sale, the director now directly owns 84,648 shares of the company’s stock, valued at approximately $4,355,986.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
NASDAQ:NTNX traded up $0.26 during mid-day trading on Friday, reaching $42.58. The stock had a trading volume of 4,181,095 shares, compared to its average volume of 3,637,152. The company has a market capitalization of $7.39 billion, a price-to-earnings ratio of -25.20 and a beta of 0.69. Nutanix Inc has a one year low of $22.85 and a one year high of $64.87. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.76 and a quick ratio of 2.76.
Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, August 30th. The technology company reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.37. The company had revenue of $303.75 million during the quarter, compared to the consensus estimate of $298.30 million. Nutanix had a negative return on equity of 92.86% and a negative net margin of 25.72%. As a group, sell-side analysts anticipate that Nutanix Inc will post -2.18 EPS for the current year.
Several brokerages have commented on NTNX. Needham & Company LLC restated a “buy” rating and issued a $71.00 target price on shares of Nutanix in a research note on Wednesday, September 19th. Raymond James raised their target price on Nutanix from $64.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, August 31st. Morgan Stanley raised their target price on Nutanix from $55.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Friday, August 31st. Jefferies Financial Group downgraded Nutanix from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research note on Friday, August 17th. Finally, Zacks Investment Research upgraded Nutanix from a “sell” rating to a “hold” rating in a research report on Friday, August 31st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $57.55.
A number of large investors have recently added to or reduced their stakes in NTNX. FMR LLC lifted its position in Nutanix by 5.4% in the 2nd quarter. FMR LLC now owns 17,727,613 shares of the technology company’s stock worth $914,213,000 after buying an additional 900,523 shares during the last quarter. Wells Fargo & Company MN lifted its position in Nutanix by 151.4% in the 1st quarter. Wells Fargo & Company MN now owns 1,215,168 shares of the technology company’s stock worth $59,677,000 after buying an additional 731,841 shares during the last quarter. Millennium Management LLC lifted its position in Nutanix by 189.0% in the 2nd quarter. Millennium Management LLC now owns 1,005,004 shares of the technology company’s stock worth $51,828,000 after buying an additional 657,294 shares during the last quarter. Cavalry Management Group LLC bought a new stake in Nutanix in the 1st quarter worth approximately $26,925,000. Finally, JPMorgan Chase & Co. lifted its position in Nutanix by 29.2% in the 1st quarter. JPMorgan Chase & Co. now owns 2,338,382 shares of the technology company’s stock worth $114,838,000 after buying an additional 529,079 shares during the last quarter. Institutional investors own 49.44% 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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