Market Analysts see Nutanix Inc. [NTNX] gaining to $64. Time to buy?



Nutanix Inc. [NASDAQ: NTNX] closed the trading session at $35.20 on 11/24/21. The day’s price range saw the stock hit a low of $32.30, while the highest price level was $35.27. The company report on November 24, 2021 that Nutanix to Present at Upcoming Investor Conference.

Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, announced that its management will present at the following upcoming financial community virtual event:.

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Nasdaq 45th Investor ConferenceWednesday, December 1, 20217:00 a.m. PT; 10:00 a.m. ET.

The stocks have a year to date performance of 10.45 percent and weekly performance of 0.14 percent. The stock has been moved at 10.34 percent over the last six months. The stock has performed 2.21 percent around the most recent 30 days and changed -1.10 percent over the most recent 3-months.

If compared to the average trading volume of 2.25M shares, NTNX reached to a volume of 4712701 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $48.58 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 2.20. 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.

Needham have made an estimate for Nutanix Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 02, 2021. While these analysts kept the previous recommendation, JMP Securities raised their target price from $45 to $48. The new note on the price target was released on September 02, 2021, representing the official price target for Nutanix Inc. stock. Previously, the target price had yet another raise from $47 to $61, while Needham kept a Buy rating on NTNX stock. On May 04, 2021, analysts increased their price target for NTNX shares from 30 to 38.

The Average True Range (ATR) for Nutanix Inc. is set at 1.23, with the Price to Sales ratio for NTNX stock in the period of the last 12 months amounting to 5.57.

NTNX stock trade performance evaluation

Nutanix Inc. [NTNX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.14. With this latest performance, NTNX shares gained by 2.21% in over the last four-week period, additionally plugging by 10.34% over the last 6 months – not to mention a rise of 24.78% 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 50.37, with the RSI for the last a single of trading hit 54.37, and the three-weeks RSI is set at 48.45 for Nutanix Inc. [NTNX]. The present Moving Average for the last 50 days of trading for this stock 36.49, while it was recorded at 34.00 for the last single week of trading, and 33.76 for the last 200 days.

Nutanix Inc. [NTNX]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Nutanix Inc. [NTNX] shares currently have an operating margin of -47.29 and a Gross Margin at +78.88. Nutanix Inc.’s Net Margin is presently recorded at -74.17.

Return on Total Capital for NTNX is now -239.84, given the latest momentum, and Return on Invested Capital for the company is -441.22. Additionally, NTNX Total Debt to Total Capital is recorded at 658.46, with Total Debt to Total Assets ending up at 52.39.

Reflecting on the efficiency of the workforce at the company, Nutanix Inc. [NTNX] managed to generate an average of -$170,109 per employee. Receivables Turnover for the company is 6.22 with a Total Asset Turnover recorded at a value of 0.69.Nutanix Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.

Earnings per share (EPS) analysis for Nutanix Inc. [NTNX] stock

With the latest financial reports released by the company, Nutanix Inc. posted -0.44/share EPS, while the average EPS was predicted by analysts to be reported at -0.57/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 22.80%. 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.

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Nutanix Inc. [NTNX]: Insider Ownership positions

There are presently around $5,283 million, or 77.50% of NTNX stock, in the hands of institutional investors. The top three institutional holders of NTNX stocks are: FMR LLC with ownership of 31,274,485, which is approximately 2.094% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 20,537,334 shares of the stock with an approximate value of $669.11 million in NTNX stocks shares; and GENERATION INVESTMENT MANAGEMENT LLP, currently with $631.9 million in NTNX stock with ownership of nearly 3.199% of the company’s market capitalization.

Positions in Nutanix Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 136 institutional holders increased their position in Nutanix Inc. [NASDAQ:NTNX] by around 19,219,798 shares. Additionally, 179 investors decreased positions by around 15,982,954 shares, while 50 investors held positions by with 126,949,474 shares. The mentioned changes placed institutional holdings at 162,152,226 shares, according to the latest SEC report filing. NTNX stock had 53 new institutional investments in for a total of 9,871,556 shares, while 43 institutional investors sold positions of 3,010,850 shares during the same period.



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