Nutanix, Inc. (NASDAQ:NTNX) has a 20-Day average volume of 5.01 Million. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Zacks Investment Research downgraded shares of Nutanix from a buy rating to a hold rating in a research report on Wednesday, November 8th. Northern Trust Corp now owns 406,970 shares of the technology company's stock worth $8,200,000 after acquiring an additional 301,749 shares during the period.
On Monday, February 5th, Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock. The stock was sold at an average price of $38.73, for a total transaction of $1,549,200.00. The stock was sold at an average price of $35.70, for a total transaction of $535,500.00. Also, CFO Duston Williams sold 300,000 shares of the firm's stock in a transaction that occurred on Friday, December 15th.
Nutanix (NASDAQ NTNX) opened at $51.48 on Friday. The Stock has its 52-week High of $51.63 and 52-Week Low of $14.38 and it touched its 52-week high on 03/12/18 and 52-Week Low on 05/01/17. BTIG Research upgraded shares of Nutanix from a "neutral" rating to a "buy" rating in a research report on Friday.
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Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Thursday, March 1st. The technology company reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.20) by $0.06. Nutanix had a negative return on equity of 270.61% and a negative net margin of 33.34%. The company had revenue of $286.70 million for the quarter, compared to analyst estimates of $283.22 million. During the same period past year, the company earned ($0.28) EPS. The firm earned "Buy" rating on Friday, May 26 by Maxim Group.
Taking a broader look at the analyst consensus, brokerage firms have a price target of $45.85 on Nutanix Inc (NASDAQ:NTNX). Oppenheimer reaffirmed a "buy" rating and issued a $43.00 target price on shares of Nutanix in a report on Tuesday, January 9th.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. Stock has got OUTPERFORM rating from 9 analyst (s) whereas last month 9 analyst (s) have given outperform rating. KeyBanc Capital Markets maintained the shares of NTNX in report on Thursday, March 1 with "Buy" rating. The company has an average rating of "Buy" and an average target price of $44.48.
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Other large investors have also modified their holdings of the company. US Bancorp DE boosted its position in shares of Nutanix by 850.6% during the 4th quarter. BlackRock Inc. now owns 5,875,339 shares of the technology company's stock worth $207,282,000 after buying an additional 2,776,194 shares during the period. Rehmann Capital Advisory Group purchased a new position in Nutanix in the fourth quarter valued at approximately $381,000. Xact Kapitalforvaltning AB purchased a new position in Nutanix in the fourth quarter valued at approximately $229,000.
The company now has an insider ownership of 1.7 Percent and Institutional ownership of 69 Percent. Finally, Frontier Capital Management Co. Investors seem to be very interested in what happens to the stocks of these two companies but do investors favor one over the other? Nutanix's revenue for the quarter was up 44.1% on a year-over-year basis. research analysts predict that Nutanix Inc will post -1.71 earnings per share for the current fiscal year.
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