News stories about Nutanix (NASDAQ:NTNX) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nutanix earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.1245037098552 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- JMP Securities Boosts Nutanix (NTNX) Price Target to $60.00 (americanbankingnews.com)
- Nutanix (NTNX) Raised to “Top Pick” at Oppenheimer (americanbankingnews.com)
- Global 2000 Companies Will Be ‘Core Driver’ For Nutanix’s $3B Billings Target, Says KeyBanc Analyst (finance.yahoo.com)
- Nutanix Gets Price Target Hikes On Expected Billings Growth (finance.yahoo.com)
- Global 2000 Companies Will Be ‘Core Driver’ For Nutanix’s $3B Billings Target, Says KeyBanc Analyst – Benzinga (benzinga.com)
NTNX has been the topic of several recent research reports. KeyCorp reissued a “buy” rating and set a $61.00 price target on shares of Nutanix in a research report on Tuesday. Jefferies Group lifted their price objective on Nutanix to $60.00 and gave the stock a “buy” rating in a report on Tuesday. Needham & Company LLC lifted their price objective on Nutanix from $48.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday. JMP Securities boosted their price target on Nutanix from $45.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $52.00 price target (up from $42.00) on shares of Nutanix in a report on Tuesday. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. Nutanix currently has an average rating of “Buy” and a consensus target price of $46.52.
Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Thursday, March 1st. The technology company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.06. The firm had revenue of $286.70 million for the quarter, compared to analyst estimates of $283.22 million. Nutanix had a negative return on equity of 97.17% and a negative net margin of 21.84%. Nutanix’s quarterly revenue was up 44.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.28) earnings per share. sell-side analysts predict that Nutanix will post -1.59 EPS for the current year.
In other news, President Sudheesh Nair Vadakkedath sold 40,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $30.35, for a total transaction of $1,214,000.00. Following the completion of the sale, the president now owns 193,856 shares in the company, valued at approximately $5,883,529.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Dheeraj Pandey sold 33,100 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $36.23, for a total value of $1,199,213.00. Following the sale, the chief executive officer now owns 194,712 shares of the company’s stock, valued at approximately $7,054,415.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,808,918 shares of company stock worth $104,706,913. Insiders own 19.81% of the company’s stock.
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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.
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