Nutanix Inc (NTNX) Updates Q2 Earnings Guidance
Nutanix Inc (NASDAQ:NTNX) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $(0.36)-(0.35) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.37). The company issued revenue guidance of $175-180 million, compared to the consensus revenue estimate of $168.37 million.
A number of research analysts recently weighed in on the company. Vetr raised Nutanix from a hold rating to a strong-buy rating and set a $47.17 price objective for the company in a research report on Tuesday, October 4th. Summit Redstone assumed coverage on Nutanix in a research report on Friday, October 14th. They set a sell rating for the company. They noted that the move was a valuation call. BTIG Research reaffirmed a neutral rating on shares of Nutanix in a research report on Monday. JMP Securities assumed coverage on Nutanix in a research report on Tuesday, October 18th. They set an outperform rating and a $38.00 price objective for the company. Finally, Robert W. Baird assumed coverage on Nutanix in a research report on Tuesday, October 25th. They set an outperform rating and a $37.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Nutanix presently has a consensus rating of Buy and a consensus price target of $36.26.
Nutanix Inc (NASDAQ:NTNX) traded up 2.25% during mid-day trading on Tuesday, hitting $34.09. The company’s stock had a trading volume of 2,729,012 shares. Nutanix Inc has a 12-month low of $23.11 and a 12-month high of $46.78. The company’s market cap is $1.57 billion. The firm’s 50-day moving average is $29.71 and its 200-day moving average is $30.98.
In other news, major shareholder Canada Pension Plan Investment purchased 584,093 shares of the stock in a transaction that occurred on Thursday, October 27th. The stock was purchased at an average price of $28.13 per share, for a total transaction of $16,430,536.09. Following the completion of the acquisition, the insider now owns 2,210,807 shares of the company’s stock, valued at $62,190,000.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
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Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD bought a new stake in Nutanix during the third quarter worth $24,050,000. Ameriprise Financial Inc. bought a new stake in Nutanix during the third quarter worth $3,685,000. D. E. Shaw & Co. Inc. bought a new stake in Nutanix during the third quarter worth $2,487,000. New York State Common Retirement Fund bought a new stake in Nutanix during the third quarter worth $746,000. Finally, United Services Automobile Association bought a new stake in Nutanix during the third quarter worth $685,000.
Nutanix, Inc (Nutanix) provides an enterprise cloud platform that converges silos of server, virtualization and storage into one integrated solution and connects to public cloud services. The Company’s software-driven platform delivers the scalability and pay-as-you-grow economics of the public cloud, while addressing enterprise requirements of application mobility, security, data integrity and control.
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