Revenue Approximations Analysis: American International Group, Inc. (AIG), Nutanix, Inc. (NTNX)

Marco Green
March 13, 2018

Taking a broader look at the analyst consensus, brokerage firms have a price target of $45.85 on Nutanix Inc (NASDAQ:NTNX). The rating was initiated by RBC Capital Markets on Tuesday, October 25 with "Outperform".

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend.

A number of other brokerages have also recently issued reports on NTNX.

BTIG Research upgraded shares of Nutanix (NASDAQ:NTNX) from a neutral rating to a buy rating in a report issued on Friday. The stock has "Buy" rating by Maxim Group on Friday, December 22. Robert W. Baird initiated the shares of NTNX in report on Tuesday, October 25 with "Outperform" rating.

WARNING: "Nutanix (NASDAQ:NTNX) Rating Increased to Hold at ValuEngine" was posted by Equities Focus and is the property of of Equities Focus.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter. Finally, Morgan Stanley boosted their price objective on shares of Nutanix from $39.00 to $42.00 and gave the company an "equal weight" rating in a research report on Friday, March 2nd. 9,683,620 shares of the company traded hands, compared to its average volume of 4,341,523. (NASDAQ:NTNX) hit a new 52-week high and has $54.57 target or 6.00 % above today's $51.48 share price. The company has market cap of $959.35 million.

Nutanix, Inc. (NASDAQ:NTNX) yearly performance is 128.46% and net profit margin is -47.90%. The technology company reported ($0.14) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.20) by $0.06. This estimate is provided by 19 analysts. Nutanix's revenue for the quarter was up 44.1% on a year-over-year basis. research analysts predict that Nutanix Inc will post -1.71 earnings per share for the current fiscal year.

In related news, Director Michael Scarpelli sold 150,000 shares of Nutanix stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $36.32, for a total transaction of $213,997.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The shares were sold at an average price of $35.52, for a total value of $1,420,800.00. The disclosure for this sale can be found here. Insiders sold 2,898,918 shares of company stock worth $107,883,013 in the last 90 days. Investors seem to be very interested in what happens to the stocks of these two companies but do investors favor one over the other?

More notable recent Nutanix, Inc. Delpha Capital Management LLC acquired a new position in Nutanix during the fourth quarter worth about $104,000. Goldman Sachs initiated Nutanix, Inc. Brown Advisory Inc. now owns 76,570 shares of the technology company's stock worth $1,714,000 after acquiring an additional 3,254 shares in the last quarter. Gilder Gagnon Howe & Co. Northern Trust Corp grew its stake in Nutanix by 286.8% in the 2nd quarter. Fairfield Bush & CO. now owns 152,175 shares of the technology company's stock worth $5,368,000 after purchasing an additional 15,775 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in Nutanix by 115.4% during the fourth quarter. Its sales stood at -7.10% a year on average in the period of last five years. If you are viewing this article on another site, it was illegally copied and reposted in violation of USA & global trademark & copyright laws.

Nutanix's software manages network, storage and server infrastructure in private cloud-computing platforms, an emerging market called "hyperconvergence".

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