Nutanix Inc. (NTNX) Given “Buy” Rating at Oppenheimer Holdings, Inc.

Nutanix Inc. (NASDAQ:NTNX)‘s stock had its “buy” rating reiterated by stock analysts at Oppenheimer Holdings, Inc. in a note issued to investors on Friday. They currently have a $34.00 price objective on the technology company’s stock. Oppenheimer Holdings, Inc.’s target price would suggest a potential upside of 31.73% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. Vetr cut Nutanix from a “strong-buy” rating to a “buy” rating and set a $27.22 price target for the company. in a research note on Tuesday. Morgan Stanley reiterated an “equal weight” rating and issued a $22.00 price objective on shares of Nutanix in a research report on Sunday, October 1st. Robert W. Baird reiterated a “buy” rating and issued a $31.00 price objective (up previously from $28.00) on shares of Nutanix in a research report on Monday, September 25th. Maxim Group reiterated a “buy” rating and issued a $41.00 price objective on shares of Nutanix in a research report on Friday, September 22nd. Finally, Bank of America Corporation increased their price objective on Nutanix from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Nutanix has an average rating of “Buy” and a consensus target price of $30.28.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.05. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. The business had revenue of $226.10 million during the quarter, compared to analysts’ expectations of $216.00 million. The business’s revenue for the quarter was up 61.7% compared to the same quarter last year.

COPYRIGHT VIOLATION WARNING: “Nutanix Inc. (NTNX) Given “Buy” Rating at Oppenheimer Holdings, Inc.” was reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.truebluetribune.com/2017/10/13/nutanix-inc-ntnx-given-buy-rating-at-oppenheimer-holdings-inc.html.

In other Nutanix news, President Sudheesh Nair Vadakkedath sold 90,000 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $24.48, for a total value of $2,203,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David Sangster sold 27,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $22.41, for a total value of $605,070.00. Following the completion of the sale, the executive vice president now directly owns 90,750 shares in the company, valued at $2,033,707.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 506,891 shares of company stock worth $11,443,839.

A number of large investors have recently modified their holdings of the business. Tenzing Global Management LLC boosted its stake in Nutanix by 7.1% in the 1st quarter. Tenzing Global Management LLC now owns 75,000 shares of the technology company’s stock worth $1,408,000 after buying an additional 5,000 shares during the last quarter. United Capital Financial Advisers LLC boosted its stake in Nutanix by 7.1% in the 1st quarter. United Capital Financial Advisers LLC now owns 109,243 shares of the technology company’s stock worth $2,050,000 after buying an additional 7,255 shares during the last quarter. Washington Capital Management Inc. boosted its stake in Nutanix by 66.7% in the 2nd quarter. Washington Capital Management Inc. now owns 20,000 shares of the technology company’s stock worth $403,000 after buying an additional 8,000 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Nutanix by 6.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 135,605 shares of the technology company’s stock worth $2,732,000 after buying an additional 8,066 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Nutanix by 3,147.6% in the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after buying an additional 8,530 shares during the last quarter. 31.48% of the stock is currently owned by hedge funds and other institutional investors.

About Nutanix

Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

Receive News & Ratings for Nutanix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply