Nutanix Inc. (NASDAQ:NTNX) shares fell 1.9% during mid-day trading on Tuesday . The stock traded as low as $33.86 and last traded at $34.69. 2,380,171 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 3,161,624 shares. The stock had previously closed at $34.04.

Several research firms have recently issued reports on NTNX. Raymond James Financial set a $37.00 price objective on Nutanix and gave the company a “buy” rating in a research note on Monday. Vetr downgraded Nutanix from a “strong-buy” rating to a “buy” rating and set a $38.31 price objective for the company. in a research note on Monday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Nutanix in a research note on Friday. Morgan Stanley upped their price objective on Nutanix from $22.00 to $35.00 and gave the company a “hold” rating in a research note on Friday. Finally, Oppenheimer upped their price objective on Nutanix to $40.00 and gave the company an “outperform” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $34.14.

Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. The business had revenue of $275.60 million during the quarter, compared to the consensus estimate of $267.02 million. Nutanix had a negative net margin of 40.81% and a negative return on equity of 363.55%. The company’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.37) EPS. research analysts anticipate that Nutanix Inc. will post -2.19 EPS for the current year.

In other news, VP Kenneth W. Long III sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $29.11, for a total transaction of $873,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Sudheesh Nair Vadakkedath sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $34.07, for a total transaction of $1,703,500.00. Following the sale, the president now directly owns 228,330 shares of the company’s stock, valued at approximately $7,779,203.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,791,869 shares of company stock valued at $50,409,588 in the last three months. Insiders own 19.81% of the company’s stock.

Several hedge funds have recently made changes to their positions in NTNX. Thompson Davis & CO. Inc. grew its position in shares of Nutanix by 320.0% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock worth $118,000 after buying an additional 4,000 shares during the period. Legal & General Group Plc grew its position in shares of Nutanix by 3,147.6% during the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after buying an additional 8,530 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Nutanix during the 2nd quarter worth approximately $186,000. PNC Financial Services Group Inc. acquired a new stake in shares of Nutanix during the 2nd quarter worth approximately $208,000. Finally, Stifel Financial Corp acquired a new stake in shares of Nutanix during the 3rd quarter worth approximately $215,000. 35.35% of the stock is owned by institutional investors.

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Nutanix Company Profile

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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