Nutanix Inc. [NTNX] Stock trading around $21.65 per share: What’s Next?

Nutanix Inc. [NASDAQ: NTNX] stock went on an upward path that rose over 2.51% on Monday, amounting to a one-week price decrease of less than -1.05%. The company report on July 15, 2020 that The University of Reading Boosts Academic Research Capabilities With Nutanix Files Storage Solution.

Securely Increases University’s Capacity and Scalability.

Nutanix (NASDAQ: NTNX), a leader in enterprise cloud computing, has announced that the University of Reading, one of the foremost research-led universities in the UK, has implemented Nutanix Files, a software-defined scale-out file storage solution for unstructured data, enabling the university to simplify IT management and increase ease of scalability.

Over the last 12 months, NTNX stock dropped by -11.63%. The one-year Nutanix Inc. stock forecast points to a potential upside of 24.59. The average equity rating for NTNX stock is currently 2.50, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $4.58 billion, with 196.37 million shares outstanding and 182.01 million shares in the current float. Compared to the average trading volume of 3.52M shares, NTNX stock reached a trading volume of 1998470 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Nutanix Inc. [NTNX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NTNX shares is $28.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NTNX stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Nutanix Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on May 28, 2020. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $23 to $27. The new note on the price target was released on May 28, 2020, representing the official price target for Nutanix Inc. stock. Previously, the target price had yet another raise from $23 to $25, while Piper Sandler kept a Neutral rating on NTNX stock. On May 28, 2020, analysts increased their price target for NTNX shares from 24 to 30.

The Average True Range (ATR) for Nutanix Inc. is set at 1.19, with the Price to Sales ratio for NTNX stock in the period of the last 12 months amounting to 3.58.

NTNX Stock Performance Analysis:

Nutanix Inc. [NTNX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.05. With this latest performance, NTNX shares gained by 0.05% in over the last four-week period, additionally sinking by -35.83% over the last 6 months – not to mention a drop of -11.63% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NTNX stock in for the last two-week period is set at 45.69, with the RSI for the last a single of trading hit 44.91, and the three-weeks RSI is set at 47.25 for Nutanix Inc. [NTNX]. The present Moving Average for the last 50 days of trading for this stock 22.94, while it was recorded at 22.00 for the last single week of trading, and 25.82 for the last 200 days.

Insight into Nutanix Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Nutanix Inc. [NTNX] shares currently have an operating margin of -48.41 and a Gross Margin at +75.19. Nutanix Inc.’s Net Margin is presently recorded at -50.25.

Return on Total Capital for NTNX is now -85.36, given the latest momentum, and Return on Invested Capital for the company is -88.60. Return on Equity for this stock declined to -241.86, with Return on Assets sitting at -36.69. When it comes to the capital structure of this company, Nutanix Inc. [NTNX] has a Total Debt to Total Equity ratio set at 245.55. Additionally, NTNX Total Debt to Total Capital is recorded at 71.06, with Total Debt to Total Assets ending up at 25.69. Long-Term Debt to Equity for the company is recorded at 245.55, with the Long-Term Debt to Total Capital now at 71.06.

Reflecting on the efficiency of the workforce at the company, Nutanix Inc. [NTNX] managed to generate an average of -$116,326 per employee. Receivables Turnover for the company is 4.86 with a Total Asset Turnover recorded at a value of 0.73.Nutanix Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.

NTNX Stock EPS

With the latest financial reports released by the company, Nutanix Inc. posted -0.57/share EPS, while the average EPS was predicted by analysts to be reported at -0.64/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NTNX.

Nutanix Inc. [NTNX] Insider Position Details

There are presently around $3,036 million, or 76.10% of NTNX stock, in the hands of institutional investors. The top three institutional holders of NTNX stocks are: FMR LLC with ownership of 26,898,936, which is approximately 7.106% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 15,901,654 shares of the stock with an approximate value of $344.27 million in NTNX stocks shares; and GENERATION INVESTMENT MANAGEMENT LLP, currently with $303.52 million in NTNX stock with ownership of nearly -3.504% of the company’s market capitalization.

Positions in Nutanix Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 147 institutional holders increased their position in Nutanix Inc. [NASDAQ:NTNX] by around 22,779,979 shares. Additionally, 147 investors decreased positions by around 15,375,131 shares, while 35 investors held positions by with 102,072,585 shares. The mentioned changes placed institutional holdings at 140,227,695 shares, according to the latest SEC report filing. NTNX stock had 45 new institutional investments in for a total of 5,739,936 shares, while 72 institutional investors sold positions of 4,210,727 shares during the same period.

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