Nutanix (NASDAQ:NTNX) Rating Lowered to “Hold” at Wall Street Zen

Nutanix (NASDAQ:NTNX) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company decreased their price objective on shares of Nutanix from $71.00 to $57.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 26th. The Goldman Sachs Group reduced their target price on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a report on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Nutanix in a report on Monday, December 29th. Northland Securities cut their price objective on shares of Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a research report on Wednesday, November 26th. Finally, UBS Group set a $57.00 target price on Nutanix in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.13.

Nutanix Stock Down 6.2%

Shares of NASDAQ NTNX opened at $37.38 on Friday. The business’s 50 day moving average price is $46.04 and its two-hundred day moving average price is $59.45. The company has a market cap of $10.11 billion, a PE ratio of 49.84, a price-to-earnings-growth ratio of 4.28 and a beta of 0.48. Nutanix has a twelve month low of $35.39 and a twelve month high of $83.36.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Tuesday, November 25th. The technology company reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. Nutanix had a negative return on equity of 32.95% and a net margin of 8.43%.The company had revenue of $670.58 million during the quarter, compared to the consensus estimate of $677.23 million. During the same period in the previous year, the company posted $0.42 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, research analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Nutanix

Several institutional investors and hedge funds have recently bought and sold shares of NTNX. New Millennium Group LLC acquired a new stake in Nutanix during the fourth quarter worth about $28,000. V Square Quantitative Management LLC bought a new stake in shares of Nutanix during the 4th quarter worth approximately $39,000. Covestor Ltd boosted its position in shares of Nutanix by 73.1% during the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after acquiring an additional 324 shares in the last quarter. Harbour Investments Inc. increased its stake in Nutanix by 159.4% in the fourth quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after acquiring an additional 502 shares during the last quarter. Finally, GW&K Investment Management LLC increased its stake in Nutanix by 78.7% in the fourth quarter. GW&K Investment Management LLC now owns 981 shares of the technology company’s stock valued at $51,000 after acquiring an additional 432 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

About Nutanix

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.