Nutanix, Inc. (NASDAQ:NTNX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Nutanix, Inc. (NASDAQ:NTNX) has been assigned an average rating of “Moderate Buy” from the fourteen analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $65.17.

Several analysts recently commented on the stock. Susquehanna increased their target price on shares of Nutanix from $60.00 to $75.00 and gave the company a “positive” rating in a research note on Wednesday, April 10th. Bank of America raised their price objective on shares of Nutanix from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. increased their target price on Nutanix from $54.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, February 26th. KeyCorp lifted their price target on Nutanix from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Finally, Barclays increased their price objective on Nutanix from $49.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th.

Insider Transactions at Nutanix

In other news, COO David Sangster sold 12,545 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $63.04, for a total value of $790,836.80. Following the sale, the chief operating officer now owns 70,192 shares of the company’s stock, valued at $4,424,903.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, COO David Sangster sold 12,545 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $63.04, for a total value of $790,836.80. Following the sale, the chief operating officer now directly owns 70,192 shares of the company’s stock, valued at $4,424,903.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 23,932 shares of Nutanix stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $63.05, for a total transaction of $1,508,912.60. Following the transaction, the chief executive officer now directly owns 373,024 shares in the company, valued at $23,519,163.20. The disclosure for this sale can be found here. Insiders sold a total of 129,506 shares of company stock worth $8,270,938 in the last quarter. Insiders own 0.46% of the company’s stock.

Institutional Trading of Nutanix

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its stake in shares of Nutanix by 61.8% during the 3rd quarter. SG Americas Securities LLC now owns 24,264 shares of the technology company’s stock valued at $846,000 after purchasing an additional 9,264 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Nutanix by 13.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,290 shares of the technology company’s stock valued at $1,963,000 after acquiring an additional 6,716 shares in the last quarter. BluePath Capital Management LLC purchased a new stake in shares of Nutanix during the 3rd quarter worth approximately $31,000. Mackenzie Financial Corp increased its holdings in shares of Nutanix by 2.5% in the 3rd quarter. Mackenzie Financial Corp now owns 576,015 shares of the technology company’s stock worth $19,763,000 after buying an additional 14,192 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Nutanix by 641.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 57,174 shares of the technology company’s stock valued at $1,994,000 after buying an additional 49,465 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

Nutanix stock opened at $65.32 on Friday. Nutanix has a 1 year low of $23.88 and a 1 year high of $66.99. The firm’s 50-day moving average is $62.90 and its 200-day moving average is $52.87. The company has a market cap of $15.96 billion, a P/E ratio of -181.44 and a beta of 1.27.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.17 EPS for the quarter. The firm had revenue of $565.23 million during the quarter, compared to analyst estimates of $551.82 million. As a group, sell-side analysts predict that Nutanix will post -0.04 earnings per share for the current year.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.