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

Nutanix, Inc. (NASDAQ:NTNX) has received a consensus rating of “Moderate Buy” from the seventeen analysts that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $79.47.

Several equities research analysts recently commented on the company. Northland Securities reaffirmed a “market perform” rating and issued a $77.00 price target (up previously from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Piper Sandler increased their price target on Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Morgan Stanley increased their price target on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Oppenheimer assumed coverage on Nutanix in a report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price target for the company. Finally, UBS Group initiated coverage on Nutanix in a report on Thursday, December 12th. They issued a “buy” rating and a $81.00 price target for the company.

Nutanix Price Performance

NASDAQ NTNX opened at $63.05 on Wednesday. The company has a market cap of $16.89 billion, a PE ratio of -180.14, a price-to-earnings-growth ratio of 10.34 and a beta of 1.16. The stock’s 50 day simple moving average is $66.31 and its 200-day simple moving average is $60.40. Nutanix has a 1-year low of $43.35 and a 1-year high of $75.80.

Insider Transactions at Nutanix

In other news, Director Virginia Gambale sold 6,060 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Rukmini Sivaraman sold 11,810 shares of Nutanix stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total value of $786,900.30. Following the completion of the transaction, the chief financial officer now owns 190,882 shares of the company’s stock, valued at approximately $12,718,467.66. This trade represents a 5.83 % 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 ninety days. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bain Capital Investors LLC purchased a new position in Nutanix in the third quarter valued at $998,601,000. Champlain Investment Partners LLC boosted its holdings in Nutanix by 3.7% in the third quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company’s stock valued at $354,867,000 after purchasing an additional 215,363 shares during the period. Geode Capital Management LLC boosted its holdings in Nutanix by 0.5% in the third quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock valued at $245,968,000 after purchasing an additional 22,091 shares during the period. Renaissance Technologies LLC boosted its holdings in Nutanix by 7.4% in the second quarter. Renaissance Technologies LLC now owns 3,738,756 shares of the technology company’s stock valued at $212,548,000 after purchasing an additional 256,156 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Nutanix by 15.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock valued at $166,886,000 after purchasing an additional 374,328 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Company Profile

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.