Nutanix, Inc. (NASDAQ:NTNX) Given Consensus Rating of “Moderate Buy” by Brokerages

by · The Cerbat Gem

Shares of Nutanix, Inc. (NASDAQ:NTNX – Get Free Report) have earned an average recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $79.47.

Several analysts recently issued reports on NTNX shares. Needham & Company LLC upped their target price on Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Oppenheimer began coverage on Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price objective on the stock. Northland Securities reissued a “market perform” rating and issued a $77.00 target price (up from $74.00) on shares of Nutanix in a research note on Wednesday, November 27th. Barclays boosted 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, StockNews.com upgraded shares of Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 28th.

Get Our Latest Stock Analysis on Nutanix

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $62.23 on Wednesday. The company’s 50-day moving average price is $66.33 and its two-hundred day moving average price is $60.31. Nutanix has a one year low of $43.35 and a one year high of $75.80. The stock has a market capitalization of $16.67 billion, a PE ratio of -177.80, a price-to-earnings-growth ratio of 10.34 and a beta of 1.16.

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 completion of the transaction, the chief executive officer now owns 649,034 shares of the company’s stock, valued at approximately $42,738,888.90. This represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total transaction of $392,263.80. Following the sale, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. This trade represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 81,771 shares of company stock worth $5,387,045 over the last three months. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Nutanix

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in shares of Nutanix in the third quarter valued at approximately $27,000. Larson Financial Group LLC grew its holdings in Nutanix by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after acquiring an additional 281 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in Nutanix in the 2nd quarter valued at approximately $32,000. Advisors Asset Management Inc. raised its stake in shares of Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after acquiring an additional 321 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Nutanix by 587.7% during the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock valued at $45,000 after acquiring an additional 623 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

About Nutanix

(Get Free Report

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.

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