Nutanix (NASDAQ:NTNX) Sets New 1-Year Low at $24.61

Nutanix Inc (NASDAQ:NTNX) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $24.61 and last traded at $24.71, with a volume of 104280 shares changing hands. The stock had previously closed at $24.82.

NTNX has been the subject of several research reports. Odeon Capital Group initiated coverage on Nutanix in a report on Thursday, May 9th. They issued a “buy” rating for the company. Morgan Stanley lowered their target price on Zuora from $22.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, May 31st. Needham & Company LLC reiterated a “buy” rating and issued a $137.00 target price (up from $105.00) on shares of Okta in a report on Friday, May 31st. BTIG Research lowered their target price on Nutanix to $40.00 and set a “buy” rating for the company in a report on Friday, May 31st. Finally, Maxim Group cut SLS International from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.58.

The company has a debt-to-equity ratio of 1.48, a current ratio of 2.41 and a quick ratio of 2.41. The company has a market cap of $4.96 billion, a PE ratio of -14.66 and a beta of 1.36. The company has a 50 day simple moving average of $26.90.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Thursday, May 30th. The technology company reported ($1.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.12). The company had revenue of $287.60 million for the quarter, compared to analysts’ expectations of $297.20 million. Nutanix had a negative return on equity of 127.35% and a negative net margin of 41.47%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.21) earnings per share. Research analysts anticipate that Nutanix Inc will post -3.28 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC lifted its stake in shares of Nutanix by 13.0% during the 4th quarter. FMR LLC now owns 19,000,669 shares of the technology company’s stock worth $790,238,000 after purchasing an additional 2,179,982 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Nutanix by 26.0% during the 4th quarter. BlackRock Inc. now owns 4,967,842 shares of the technology company’s stock worth $206,611,000 after purchasing an additional 1,024,789 shares during the last quarter. Champlain Investment Partners LLC lifted its stake in shares of Nutanix by 46.2% during the 1st quarter. Champlain Investment Partners LLC now owns 3,515,550 shares of the technology company’s stock worth $132,677,000 after purchasing an additional 1,110,780 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of Nutanix by 1.8% during the 1st quarter. Frontier Capital Management Co. LLC now owns 2,633,279 shares of the technology company’s stock worth $99,380,000 after purchasing an additional 45,994 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in shares of Nutanix during the 1st quarter worth $60,031,000. Hedge funds and other institutional investors own 60.51% of the company’s stock.

About Nutanix (NASDAQ:NTNX)

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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