Shares of Nutanix (NASDAQ:NTNX – Get Free Report) have received an average recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $60.00.
A number of equities research analysts have issued reports on NTNX shares. 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 research report on Thursday, May 28th. Rosenblatt Securities restated a “buy” rating and issued a $60.00 target price on shares of Nutanix in a research note on Friday, May 29th. William Blair reaffirmed a “market perform” rating on shares of Nutanix in a report on Monday, March 23rd. Barclays increased their price target on Nutanix from $47.00 to $53.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a report on Friday, March 27th.
View Our Latest Analysis on NTNX
Nutanix Price Performance
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 analysts’ consensus estimates of $0.35 by $0.12. The firm had revenue of $364.94 million during the quarter, compared to the consensus estimate of $686.34 million. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The business’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $0.22 EPS. As a group, equities research analysts expect that Nutanix will post 0.71 EPS for the current year.
Hedge Funds Weigh In On Nutanix
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its holdings in Nutanix by 308.1% during the first quarter. Pacer Advisors Inc. now owns 1,135,857 shares of the technology company’s stock worth $43,174,000 after buying an additional 857,559 shares during the last quarter. Caerus Investment Advisors LLC purchased a new position in Nutanix in the first quarter valued at about $222,000. Essential Partners LLC grew its position in shares of Nutanix by 27.9% during the 1st quarter. Essential Partners LLC now owns 5,755 shares of the technology company’s stock valued at $219,000 after acquiring an additional 1,255 shares during the period. Western Wealth Management LLC bought a new position in shares of Nutanix during the 1st quarter valued at approximately $27,000. Finally, Janus Henderson Group PLC increased its stake in shares of Nutanix by 491.5% during the 1st quarter. Janus Henderson Group PLC now owns 117,800 shares of the technology company’s stock worth $4,477,000 after purchasing an additional 97,884 shares during the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.
Nutanix Company Profile
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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