Nutanix (NTNX) Projected to Post Quarterly Earnings on Wednesday

Nutanix (NASDAQ:NTNX - Get Free Report) is projected to announce its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.47 per share and revenue of $642.58 million for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Nutanix Price Performance

Shares of Nutanix stock traded down $2.35 on Friday, hitting $69.74. The company had a trading volume of 1,687,100 shares, compared to its average volume of 1,807,464. The firm has a market capitalization of $18.69 billion, a P/E ratio of -199.26, a P/E/G ratio of 11.80 and a beta of 1.17. Nutanix has a twelve month low of $43.35 and a twelve month high of $75.80. The stock has a 50-day moving average of $66.24 and a 200-day moving average of $63.23.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NTNX shares. Oppenheimer started coverage on shares of Nutanix in a report on Wednesday, November 13th. They issued an "outperform" rating and a $80.00 price target for the company. Wells Fargo & Company upped their price target on shares of Nutanix from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Raymond James reduced their target price on shares of Nutanix from $83.00 to $76.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Barclays increased their target price on shares of Nutanix from $75.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Finally, Northland Securities restated a "market perform" rating and set a $77.00 target price (up previously from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Nutanix has an average rating of "Moderate Buy" and a consensus target price of $79.50.

Insider Buying and Selling at Nutanix

In other news, CEO Rajiv Ramaswami sold 63,901 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85. Following the transaction, the chief executive officer now directly owns 649,034 shares of the company's stock, valued at $42,738,888.90. This represents a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Rukmini Sivaraman sold 11,810 shares of the firm's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total transaction of $786,900.30. Following the transaction, the chief financial officer now directly owns 190,882 shares in the company, valued at approximately $12,718,467.66. This represents a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 177,917 shares of company stock worth $12,114,781 over the last quarter. 6.80% of the stock is currently owned by insiders.

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.