Nutanix (NTNX) to Release Earnings on Wednesday

Nutanix (NASDAQ:NTNX) will likely be posting its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Nutanix to post earnings of $0.47 per share and revenue of $642.58 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Nutanix Trading Down 3.3 %

Shares of NTNX stock opened at $69.74 on Monday. The business’s fifty day simple moving average is $66.31 and its 200-day simple moving average is $63.51. The company has a market cap of $18.69 billion, a PE ratio of -199.26, a PEG ratio of 11.80 and a beta of 1.17. Nutanix has a 12-month low of $43.35 and a 12-month high of $75.80.

Insider Transactions at Nutanix

In other news, CEO Rajiv Ramaswami sold 63,901 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the completion of the sale, the chief executive officer now owns 649,034 shares in the company, valued at $42,738,888.90. This trade represents a 8.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the sale, the director now owns 45,330 shares of the company’s stock, valued at $2,934,210.90. This represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 177,917 shares of company stock worth $12,114,781 in the last 90 days. Insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barclays increased their price target on Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Needham & Company LLC increased their price target on Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. UBS Group assumed coverage on Nutanix in a research report on Thursday, December 12th. They set a “buy” rating and a $81.00 price target on the stock. Oppenheimer assumed coverage on shares of Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 target price on the stock. Finally, Wells Fargo & Company increased their target price on shares of Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $79.50.

Nutanix Company Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.