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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".

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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.

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.


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