Nutanix Inc. (NASDAQ: NTNX) is -5.74% lower on its value in year-to-date trading and has touched a low of $11.31 and a high of $37.86 in the current 52-week trading range. The NTNX stock was last observed hovering at around $31.10 in the last trading session, with the day’s loss setting it -1.06% off its average median price target of $35.00 for the next 12 months. It is also 33.24% off the consensus price target high of $45.00 offered by 16 analysts, but current levels are -20.16% lower than the price target low of $25.00 for the same period.
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Currently trading at $30.04, the stock is -5.19% and 5.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.25 million and changing -3.41% at the moment leaves the stock 28.26% off its SMA200. NTNX registered -8.69% loss for a year compared to 6-month gain of 25.43%. The firm has a 50-day simple moving average (SMA 50) of $30.18 and a 200-day simple moving average (SMA200) of $24.97.
The stock witnessed a 4.02% loss in the last 1 month and extending the period to 3 months gives it a 39.98%, and is -5.68% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.47% over the week and 4.08% over the month.
Nutanix Inc. (NTNX) has around 6160 employees, a market worth around $6.14B and $1.31B in sales. Profit margin for the company is -69.60%. Distance from 52-week low is 165.61% and -20.66% from its 52-week high. The company has generated returns on investments over the last 12 months (-393.40%).
Nutanix Inc. (NTNX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Nutanix Inc. (NTNX) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 2.40, where 7 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Nutanix Inc. is expected to release its quarterly report on 03/04/2021 and quarterly earnings per share for the current quarter are estimated at -$0.48 with sales reaching $326.95M over the same period.The EPS is expected to shrink by -30.60% this year, but quarterly earnings will post -1.30% year-over-year.
Nutanix Inc. (NTNX) Top Institutional Holders
377 institutions hold shares in Nutanix Inc. (NTNX), with 2.52M shares held by insiders accounting for 1.25% while institutional investors hold 73.82% of the company’s shares. The shares outstanding are 203.10M, and float is at 187.46M with Short Float at 3.17%. Institutions hold 72.90% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 28.02 million shares valued at $621.42 million. The investor’s holdings represent 14.74% of the NTNX Shares outstanding. As of Sep 29, 2020, the second largest holder is Generation Investment Management LLP with 17.29 million shares valued at $383.48 million to account for 9.10% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 16.71 million shares representing 8.79% and valued at over $370.63 million, while ClearBridge Investments, LLC holds 5.75% of the shares totaling 10.93 million with a market value of $242.43 million.
Nutanix Inc. (NTNX) Insider Activity
A total of 62 insider transactions have happened at Nutanix Inc. (NTNX) in the last six months, with sales accounting for 14 and purchases happening 48 times. The most recent transaction is an insider sale by Wall Tyler, the company’s Chief Legal Officer. SEC filings show that Wall Tyler sold 14,889 shares of the company’s common stock on Dec 16 at a price of $31.73 per share for a total of $0.47 million. Following the sale, the insider now owns 89398.0 shares.
Nutanix Inc. disclosed in a document filed with the SEC on Dec 16 that Williams Duston (Chief Financial Officer) sold a total of 31,277 shares of the company’s common stock. The trade occurred on Dec 16 and was made at $31.73 per share for $0.99 million. Following the transaction, the insider now directly holds 0.25 million shares of the NTNX stock.
Still, SEC filings show that on Dec 16, Sangster David (Chief Operating Officer) disposed off 19,394 shares at an average price of $31.73 for $0.62 million. The insider now directly holds 96,391 shares of Nutanix Inc. (NTNX).
Nutanix Inc. (NTNX): Who are the competitors?
The company’s main competitors (and peers) include Progress Software Corporation (PRGS) that is trading 11.52% up over the past 12 months. Short interest in the company’s stock has fallen -24.62% from the last report on Nov 12, 2020 to stand at a total of 7.39 million short shares sold with a short interest ratio of 2.46.