Nutanix (NASDAQ:NTNX – Get Free Report) has been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $60.00.
NTNX has been the topic of a number of recent research reports. Northland Securities set a $47.00 target price on shares of Nutanix in a research report on Thursday, May 28th. Needham & Company LLC lifted their price target on shares of Nutanix from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Piper Sandler reissued an “overweight” rating on shares of Nutanix in a research note on Wednesday, June 24th. JPMorgan Chase & Co. upped their price objective on shares of Nutanix from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Nutanix in a research note on Thursday, May 28th.
Read Our Latest Stock Analysis on NTNX
Institutional Inflows and Outflows
Nutanix Stock Down 1.4%
NASDAQ NTNX opened at $55.08 on Friday. Nutanix has a twelve month low of $34.01 and a twelve month high of $82.42. The firm has a market capitalization of $14.89 billion, a PE ratio of 57.98, a P/E/G ratio of 4.85 and a beta of 0.61. The stock’s 50 day moving average is $50.05 and its 200 day moving average is $44.87.
Nutanix (NASDAQ:NTNX – Get Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.12. The company had revenue of $364.94 million for the quarter, compared to analysts’ expectations of $686.34 million. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 earnings per share. On average, research analysts anticipate that Nutanix will post 0.71 earnings per share for the current year.
About Nutanix
Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.
The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.
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