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.

Earnings History and Estimates for Nutanix (NASDAQ:NTNX)

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.

About Nutanix

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.

5 Day Chart for NASDAQ:NTNX

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