Nutanix (NTNX) to Release Quarterly Earnings on Wednesday

Nutanix (NASDAQ:NTNX) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.47 per share and revenue of $642.08 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Nutanix Stock Up 2.5 %

NASDAQ NTNX opened at $72.20 on Wednesday. Nutanix has a twelve month low of $43.35 and a twelve month high of $75.80. The stock has a market cap of $19.34 billion, a P/E ratio of -206.29, a PEG ratio of 11.60 and a beta of 1.17. The company’s 50-day simple moving average is $65.87 and its 200 day simple moving average is $62.93.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NTNX. StockNews.com raised Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 13th. Barclays increased their price objective on Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Morgan Stanley boosted their target price on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Raymond James dropped their target price on shares of Nutanix from $83.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, UBS Group initiated coverage on shares of Nutanix in a research report on Thursday, December 12th. They issued a “buy” rating and a $81.00 price target on the stock. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.50.

Insider Activity at Nutanix

In other news, CFO Rukmini Sivaraman sold 11,810 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total transaction of $786,900.30. Following the transaction, the chief financial officer now owns 190,882 shares of the company’s stock, valued at $12,718,467.66. This represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rajiv Ramaswami sold 63,901 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the transaction, the chief executive officer now owns 649,034 shares in the company, valued at approximately $42,738,888.90. This represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 177,917 shares of company stock valued at $12,114,781 over the last quarter. Corporate insiders own 6.80% of the company’s stock.

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.