Nutanix (NASDAQ:NTNX – Get Free Report) announced its quarterly earnings results on Wednesday. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11, FiscalAI reports. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The firm had revenue of $757.08 million during the quarter, compared to analysts’ expectations of $738.27 million.
Nutanix Stock Performance
NTNX traded down $1.05 during midday trading on Wednesday, hitting $65.39. The company had a trading volume of 4,450,211 shares, compared to its average volume of 4,022,938. The company has a market capitalization of $17.68 billion, a PE ratio of 68.83, a P/E/G ratio of 4.27 and a beta of 0.60. Nutanix has a twelve month low of $34.01 and a twelve month high of $82.42. The firm’s 50-day simple moving average is $56.87 and its 200-day simple moving average is $47.67.
Institutional Trading of Nutanix
Large investors have recently bought and sold shares of the business. Brooklyn Investment Group acquired a new position in shares of Nutanix during the 4th quarter worth approximately $204,000. Lido Advisors LLC acquired a new position in Nutanix in the 4th quarter valued at approximately $151,000. HighTower Advisors LLC boosted its stake in shares of Nutanix by 17.8% in the 4th quarter. HighTower Advisors LLC now owns 4,162 shares of the technology company’s stock valued at $215,000 after purchasing an additional 628 shares during the last quarter. F m Investments LLC bought a new stake in shares of Nutanix during the 3rd quarter valued at about $219,000. Finally, Quantitative Investment Management LLC acquired a new stake in Nutanix in the third quarter worth $239,000. 85.25% of the stock is owned by institutional investors.
Analysts Set New Price Targets
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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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