Nutanix (NASDAQ:NTNX – Get Rating) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 24th. Analysts expect Nutanix to post earnings of ($0.01) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Nutanix Price Performance
Shares of NASDAQ NTNX opened at $25.68 on Wednesday. The company has a 50 day simple moving average of $24.92 and a 200-day simple moving average of $27.06. The company has a market capitalization of $5.91 billion, a P/E ratio of -12.06 and a beta of 1.36. Nutanix has a 1 year low of $13.44 and a 1 year high of $33.73.
Institutional Investors Weigh In On Nutanix
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Nutanix by 5.0% in the first quarter. Vanguard Group Inc. now owns 23,344,292 shares of the technology company’s stock valued at $626,094,000 after buying an additional 1,116,856 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Nutanix by 1.2% in the first quarter. BlackRock Inc. now owns 9,703,410 shares of the technology company’s stock valued at $260,245,000 after buying an additional 117,982 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Nutanix by 4.0% in the first quarter. First Trust Advisors LP now owns 6,266,714 shares of the technology company’s stock valued at $162,872,000 after buying an additional 238,396 shares during the last quarter. State Street Corp raised its holdings in shares of Nutanix by 6.1% in the first quarter. State Street Corp now owns 3,380,055 shares of the technology company’s stock valued at $90,653,000 after buying an additional 195,522 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Nutanix by 3.4% in the first quarter. Geode Capital Management LLC now owns 3,366,689 shares of the technology company’s stock valued at $87,500,000 after buying an additional 111,084 shares during the last quarter. 76.95% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms recently weighed in on NTNX. Royal Bank of Canada reiterated an “outperform” rating and issued a $33.00 target price on shares of Nutanix in a report on Tuesday, March 7th. StockNews.com upgraded shares of Nutanix from a “hold” rating to a “buy” rating in a report on Friday, March 24th. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 target price on shares of Nutanix in a report on Tuesday, March 7th. Finally, Susquehanna reiterated a “positive” rating and issued a $34.00 target price on shares of Nutanix in a report on Thursday, March 9th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.92.
About Nutanix
Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.