Goldman Sachs Upgrades Rating On Nutanix, Inc. (NTNX)

Therese Poletti  MarketWatch

NTNX has a mean analyst rating of 2.20.

The company is trading up by 3.79 percent from yesterday's close.

Several other research firms also recently commented on NTNX. Pacific Crest reaffirmed an "overweight" rating and issued a $34.00 target price on shares of Nutanix in a research report on Tuesday, March 21st. Goldman raised its rating on Nutanix, Inc.to Buy on 22/05/2017 in a reversal from its prior Neutral rating. Bank of America Corporation reiterated a "buy" rating and set a $27.00 price objective on shares of Nutanix in a research note on Tuesday, May 30th. On Tuesday, October 25 the stock rating was initiated by Needham with "Buy". Nutanix presently has a consensus rating of "Buy" and a consensus target price of $32.01. (NTNX) snatched the consideration from Investors, when its current beneficial picture was seen that is promoting good health. Unusual volume can be a major signal that investment gurus and momentum traders are piling into a stock ahead of a catalyst. This change led market cap to move at $3.20B, putting the price -56.67% below the 52-week high and 40.96% above the 52-week low.

In taking a look at technical levels, shares are trading 13.38% away from the 50 day simple moving average and -17.35% away from the 200 day simple moving average. Looking at the stock's movement on the chart, Nutanix, Inc. recorded a 52-week high of $46.78.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, May 25th. Analysts are forecasting earnings of $-0.8 on a per share basis this quarter.

By historical standards, Nutanix, Inc.

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Over the last 5 years, Analysts are expecting EPS growth rates to be at -33.60% this quarter and EPS estimate for next year reflect 11.70% growth rate.

In the last reported quarter, Nutanix Inc reported its Actual EPS (earnings per share) of $-0.42/share where most of the analysts working on this stock were estimating the EPS to be $-0.45/share.

WARNING: "Nutanix Inc. (NTNX) PT Set at $28.00 by Robert W. Baird" was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. The stock price is showing encouraging image with current supportive move of 3.79% at trading price of $20.27.

In other news, EVP David Sangster sold 27,000 shares of the business's stock in a transaction on Thursday, June 29th. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The shares were sold at an average price of $15.02, for a total transaction of $405,540.00. The disclosure for this sale can be found here. Following the completion of the sale, the executive vice president now directly owns 129,000 shares of the company's stock, valued at approximately $2,567,100.

Sell-side analysts also have something to say about this NTNX. Washington Capital Management Inc. acquired a new stake in shares of Nutanix during the first quarter valued at about $225,000. Ameriprise Financial Inc. now owns 155,418 shares of the technology company's stock worth $2,916,000 after buying an additional 64,102 shares in the last quarter. Shares of Nutanix have gained 26% in the past month, compared to the S&P 500's gain of 1%. Oppenheimer & Co. Inc. acquired a new stake in shares of Nutanix during the first quarter valued at about $211,000. State Treasurer State of MI bought a new position in shares of Nutanix during the first quarter valued at $1,919,000. Finally, Wells Fargo & Company MN increased its position in Nutanix by 30.7% in the first quarter. Quantbot Technologies LP now owns 14,202 shares of the technology company's stock worth $266,000 after buying an additional 5,673 shares in the last quarter. Finally, FNY Managed Accounts LLC acquired a new stake in shares of Nutanix during the first quarter valued at about $244,000.

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