Susquehanna Bancshares upgraded shares of Nutanix (NASDAQ:NTNX) from a negative rating to a positive rating in a research note published on Monday morning, BenzingaRatingsTable reports. Susquehanna Bancshares currently has $45.00 price objective on the technology company’s stock, up from their previous price objective of $23.00.

Other equities analysts have also issued research reports about the company. Needham & Company LLC set a $46.00 price target on Nutanix and gave the stock a buy rating in a research report on Thursday, August 22nd. Morgan Stanley lowered their price target on Nutanix from $35.00 to $29.00 and set an equal weight rating for the company in a research report on Thursday, August 29th. Bank of America reaffirmed a buy rating and issued a $35.00 price target (down previously from $41.00) on shares of Nutanix in a research report on Tuesday, August 13th. Wells Fargo & Co lowered their price target on Nutanix from $35.00 to $25.00 in a research report on Thursday, August 29th. Finally, Zacks Investment Research lowered Nutanix from a buy rating to a hold rating in a research report on Tuesday, May 21st. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $37.31.

Shares of Nutanix stock opened at $26.74 on Monday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $4.97 billion, a P/E ratio of -8.41 and a beta of 1.29. The business has a fifty day simple moving average of $21.52 and a two-hundred day simple moving average of $31.35. Nutanix has a 12 month low of $17.74 and a 12 month high of $54.68.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.96) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.05) by $0.09. The firm had revenue of $299.90 million during the quarter, compared to analyst estimates of $293.49 million. Nutanix had a negative return on equity of 150.86% and a negative net margin of 50.25%. Nutanix’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.11) EPS. Analysts predict that Nutanix will post -4.28 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NTNX. Comerica Securities Inc. bought a new stake in Nutanix in the 4th quarter worth about $249,000. Dimensional Fund Advisors LP increased its holdings in Nutanix by 10.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 191,993 shares of the technology company’s stock worth $7,983,000 after buying an additional 17,691 shares in the last quarter. Geode Capital Management LLC increased its holdings in Nutanix by 18.0% in the 4th quarter. Geode Capital Management LLC now owns 919,666 shares of the technology company’s stock worth $38,248,000 after buying an additional 140,610 shares in the last quarter. SG Americas Securities LLC bought a new stake in Nutanix in the 1st quarter worth about $108,000. Finally, Janney Montgomery Scott LLC increased its holdings in Nutanix by 16.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 27,756 shares of the technology company’s stock worth $1,048,000 after buying an additional 3,878 shares in the last quarter. Institutional investors own 64.83% of the company’s stock.

About Nutanix

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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