Nutanix (NTNX) Expected to Announce Earnings on Wednesday

Nutanix (NASDAQ:NTNX) is projected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect Nutanix to post earnings of $0.47 per share and revenue of $642.08 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Nutanix Stock Up 2.5 %

NTNX stock opened at $72.20 on Wednesday. Nutanix has a twelve month low of $43.35 and a twelve month high of $75.80. The company has a market cap of $19.34 billion, a P/E ratio of -206.29, a price-to-earnings-growth ratio of 11.60 and a beta of 1.17. The business’s fifty day moving average is $65.87 and its 200-day moving average is $62.93.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com upgraded Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 13th. Oppenheimer assumed coverage on shares of Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price objective on the stock. UBS Group assumed coverage on shares of Nutanix in a research note on Thursday, December 12th. They issued a “buy” rating and a $81.00 target price for the company. Raymond James reduced their price target on shares of Nutanix from $83.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Finally, Piper Sandler increased their price target on Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Nutanix has an average rating of “Moderate Buy” and an average price target of $79.50.

Insider Transactions at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 95,852 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the transaction, the chief executive officer now directly owns 540,463 shares in the company, valued at $37,832,410. This trade represents a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Virginia Gambale sold 6,060 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the transaction, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. This trade represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 177,917 shares of company stock worth $12,114,781 in the last three months. Insiders own 6.80% of the company’s stock.

About Nutanix

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.