Markets

Goldman Sachs Boosts Rating On Nutanix, Inc. (NTNX) To "Conviction Buy"

Goldman Sachs Boosts Rating On Nutanix, Inc. (NTNX) To

NTNX's current price-earnings ratio amounts the average P/E ratio of 21.29 times earnings. The stock had a trading volume of 11,273,249 shares.

Nutanix, Inc. (NASDAQ:NTNX) shares saw a recent bid of $20.27 and 3.16M shares have exchanged hands in the recent trading session, yielding a 8.45% gain over the past week.NTNX price increased 3.79% or $-0.74 versus $19.53 at the end of the prior session. IL purchased a new stake in Nutanix during the first quarter valued at about $342,000.

In Technology sector, shares of Nutanix, Inc. Finally, FNY Managed Accounts LLC acquired a new stake in shares of Nutanix during the first quarter valued at about $244,000. Hedge funds and other institutional investors own 18.39% of the company's stock. Macquarie Group Ltd. raised its position in Nutanix by 418.5% in the fourth quarter. Also, CFO Duston Williams sold 80,244 shares of the company's stock in a transaction on Monday, June 12th. Looking out over the past year, company shares have been recorded -52.99% off the 52 week high and 52.92% away from the low over the same period.Covering sell-side analysts have recently weighed in on shares of Nutanix, Inc. (NTNX) opened at 22.12 on Friday. That value represents a market adjusting for revenues that have been growing by 67.20 % on a quarterly year/year basis as of the company's last quarterly report. The stock has a 50 day moving average of $17.95 and a 200-day moving average of $22.68.

Nutanix, Inc. (NTNX)'s RSI (Relative Strength Index) is 61.20. The technology company reported ($0.77) EPS for the quarter, missing analysts' consensus estimates of ($0.45) by $0.32. The objective is to improve business-critical applications performance while achieving a projected 63 per cent total cost of ownership (TCO) savings over a five-year period, by Euronet's estimates. Analysts predict that Nutanix will post ($1.45) EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: "Nicholas Investment Partners LP Acquires 44,033 Shares of Nutanix Inc".

Garbine Muguruza in awe of evergreen Venus Williams ahead of Wimbledon final
Venus was diagnosed with an autoimmune disorder, Sjögren's syndrome, which causes fatigue and muscle pain. She won the French Open last year, and was runner-up to Serena Williams at Wimbledon the year before.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Thursday, May 25th. If you are reading this article on another site, it was illegally copied and republished in violation of USA and worldwide copyright & trademark laws.

Several research analysts have recently commented on NTNX shares. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. On November 30 JP Morgan held the stock rating at "Neutral" and lowered the price expectation from $36.00 to $35.00. The stock of Nutanix Inc (NASDAQ:NTNX) earned "Outperform" rating by Robert W. Baird on Tuesday, October 25. The company presently has an average rating of "Buy" and a consensus price target of $32.01.

In related news, EVP David Sangster sold 27,000 shares of Nutanix stock in a transaction on Tuesday, May 2nd. Following the sale, the executive vice president now owns 129,000 shares of the company's stock, valued at $2,567,100. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Rajiv Mirani sold 20,000 shares of Nutanix stock in a transaction on Thursday, June 15th. The disclosure for this sale can be found here.

Despite its leadership in the space, Nutanix has seen its stock fall 17% year-to-date and issued a weak third-quarter forecast. We believe IT infrastructure should provide scalability, reliability and more importantly, convenience and productivity like the public clouds - but without compromising on the control over your own datacentres. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.


  • Russian-American Lobbyist Attended 2016 Meeting With Donald Trump Jr., Report Says

    Russian-American Lobbyist Attended 2016 Meeting With Donald Trump Jr., Report Says

    The Magnitsky Act banned officials alleged to be involved in his death from visiting the United States and from using USA banks. Rinat Akhmetshin , now a lobbyist , confirmed to United States media he was present at the Trump Tower encounter.
    Strong storms, heavy rain loom in Thursday forecast

    Strong storms, heavy rain loom in Thursday forecast

    We'll just see very slow moving heavy rains with lots of lightning and occasional small, mainly pea sized hail. Another round of showers and storms is likely Friday before this storm system finally kicks through the area.
    Worlds Smallest Elari GSM phone Specs and Price

    Worlds Smallest Elari GSM phone Specs and Price

    This GSM phone that is nearly the size of a credit card features a 1-inch TFT display with a resolution of 128 x 96 pixels. However, the most interesting feature of the Elari NanoPhone is its capability to function as a Bluetooth headset .
  • Tral encounter: Two militants killed in gunbattle in Satora area

    Tral encounter: Two militants killed in gunbattle in Satora area

    Reports further stated that the search operation turned into an encounter after militants opened fire on security forces. It is also being claimed that the neutralised terrorists were members of Pakistan based terror group Jaish-e-Mohammad.
    As Wimbledon glory beckons, Federer muses on life after tennis

    As Wimbledon glory beckons, Federer muses on life after tennis

    It's such a high-stress situation at any time, but in the opening set of a Wimbledon semi-final the stakes can't be any greater. Cilic is the second Croat to reach the Wimbledon final, following Goran Ivanisevic's victory in 2001.
    Bollywood Stars Take Over Times Square Ahead Of IIFA

    Bollywood Stars Take Over Times Square Ahead Of IIFA

    On Friday evening, a few hours after the show began, it was only Rahman who took the stage for his culminating performance. It is highly commendable that, in spite of the inclement weather, they went ahead and put up a super show.
  • Brokers Issue New Targets On Investors Real Estate Trust (NYSE:IRET)

    Bnp Paribas Arbitrage Sa holds 0.02% of its portfolio in Alexandria Real Estate Equities Inc (NYSE:ARE) for 30,589 shares. Arclight Capital Partners Llc acquired 626,304 shares as American Midstream Partners (AMID)'s stock declined 17.59%.
    Manchester City close to deal for Benjamin Mendy

    Manchester City close to deal for Benjamin Mendy

    With Gael Clichy having already left the club, Manchester City are left with just one option at left-back in Alexander Kolarov.
    Facebook testing GIF creator as camera option in iOS app

    Facebook testing GIF creator as camera option in iOS app

    The GIF option wasn't there on my Android phone and on my friend's iPhone running the latest version of Facebook. Users can tap the camera icon on the app and then swipe right to reach the GIF-making interface.
  • Top Actress Trolled for Skinny Avatar

    Top Actress Trolled for Skinny Avatar

    On the work front, Deepika Padukone is now shooting for her upcoming film Padmavati which is directed by Sanjay Leela Bhansali. Deepika is seen posing in a black slip dress with a diamond necklace in the black and white photo.
    Nobel chinês Liu Xiaobo morre aos 61 anos

    Nobel chinês Liu Xiaobo morre aos 61 anos

    Em 2009, o ativista foi condenado a 11 anos de prisão, acusado de "subversão" após reivindicar reformas no país. Ele foi recentemente transferido da prisão para o hospital para ser tratado por seu câncer.
    Featured Stock to See: NVIDIA Corporation (NVDA)

    Featured Stock to See: NVIDIA Corporation (NVDA)

    NVIDIA Corporation and Baidu Inc. both saw their shares head higher in Wednesday trading after Baidu reported a large alliance. Stock has got OUTPERFORM rating from 3 analyst (s) whereas last month 3 analyst (s) have given outperform rating.