Keep in mind that Investors should not rely only on an analyst's recommendation when taking a decision whether to buy, hold, or sell a stock. Vetr cut shares of Nutanix from a "buy" rating to a "sell" rating and set a $31.98 target price for the company.in a report on Tuesday, February 20th. The firm has "Hold" rating by Susquehanna given on Thursday, January 25. They issued a conviction-buy rating and a $43.00 target price on the stock. Finally, Needham & Company LLC initiated coverage on shares of Nutanix in a research note on Wednesday, November 22nd. $38.21's average target is -17.51% below currents $46.32 stock price. (Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell). The firm has "Buy" rating by Maxim Group given on Friday, October 27.
Nutanix, Inc. (NTNX) belonging to the Technology sector has surged 3.44% and closed its last trading session at $45.65. The company has market cap of $1.20 billion. Nutanix has a one year low of $14.38 and a one year high of $49.80. The rating was maintained by KeyBanc Capital Markets with "Buy" on Thursday, March 1. The firm's shares opened today at 0. Nutanix had a negative net margin of 33.34% and a negative return on equity of 270.61%. The business had revenue of $286.70 million for the quarter, compared to the consensus estimate of $283.22 million. The stock is now moving above its 20-Day Simple Moving Average of 28.51% with a 50-Day Simple Moving Average of 30.48 percent. The shares were sold at an average price of $36.23, for a total transaction of $1,199,213.00. Following the transaction, the chief executive officer now directly owns 194,712 shares of the company's stock, valued at $7,054,415.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
On 2/5/2018 Sudheesh Nair Vadakkedath, President, sold 40,000 with an average share price of $30.35 per share and the total transaction amounting to $1,214,000.00. The stock price of NTNX is moving up from its 20 days moving average with 28.51% and isolated positively from 50 days moving average with 30.48%. The disclosure for this sale can be found here. Insiders have sold 3,048,918 shares of company stock worth $113,235,013 over the last three months.
The company now has an insider ownership of 1.7 Percent and Institutional ownership of 68.9 Percent. (NASDAQ:NTNX) that has shown a discernible change in trend levels over the path of recent market activity. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock. During the same quarter in the prior year, the firm earned ($0.28) earnings per share. Focused Wealth Management Inc now owns 4,059 shares of the technology company's stock valued at $143,000 after buying an additional 2,100 shares during the period. US Bancorp DE increased its stake in shares of Nutanix by 850.6% during the fourth quarter. Parametric Portfolio Associates LLC bought a new position in shares of Nutanix in the second quarter worth approximately $365,000. Zebra Capital Management Llc, a Connecticut-based fund reported 32,941 shares.
Nutanix shares have risen for six straight trading sessions. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and global copyright and trademark laws. During that time, the company has successfully recast itself from being the leader of an increasingly competitive and rapidly commoditizing HCI segment to a fledgling "Enterprise Cloud OS".
Nutanix, Inc. provides an enterprise cloud platform which converges silos of server, virtualization and storage into integrated solution and connects to public cloud services.