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

Shares of Nutanix, Inc. (NASDAQ:NTNX) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $73.31.

Several equities research analysts recently weighed in on the company. Morgan Stanley increased their price target on Nutanix from $62.00 to $71.00 and gave the stock an “equal weight” rating in a report on Thursday, August 29th. Barclays raised their price objective on shares of Nutanix from $71.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Needham & Company LLC reissued a “buy” rating and set a $80.00 target price on shares of Nutanix in a research note on Thursday, August 29th. JPMorgan Chase & Co. lifted their price target on Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Finally, Northland Securities increased their price objective on Nutanix from $71.00 to $74.00 and gave the stock a “market perform” rating in a research report on Friday, August 30th.

Nutanix Trading Up 0.1 %

Nutanix stock opened at $60.28 on Thursday. The stock has a 50 day moving average of $53.66 and a two-hundred day moving average of $58.96. Nutanix has a twelve month low of $33.30 and a twelve month high of $73.69. The stock has a market capitalization of $14.87 billion, a price-to-earnings ratio of -861.14, a PEG ratio of 12.03 and a beta of 1.19.

Insider Buying and Selling

In other Nutanix news, CEO Rajiv Ramaswami sold 23,986 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $1,299,801.34. Following the completion of the transaction, the chief executive officer now owns 407,045 shares of the company’s stock, valued at $22,057,768.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Nutanix news, COO David Sangster sold 10,384 shares of Nutanix stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $562,708.96. Following the completion of the sale, the chief operating officer now directly owns 64,333 shares of the company’s stock, valued at approximately $3,486,205.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rajiv Ramaswami sold 23,986 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total value of $1,299,801.34. Following the sale, the chief executive officer now owns 407,045 shares in the company, valued at approximately $22,057,768.55. The disclosure for this sale can be found here. Insiders sold 46,936 shares of company stock worth $2,531,273 in the last ninety days. Insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On Nutanix

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Nutanix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock valued at $1,548,378,000 after acquiring an additional 346,414 shares during the last quarter. Generation Investment Management LLP raised its stake in Nutanix by 1.8% during the fourth quarter. Generation Investment Management LLP now owns 17,257,588 shares of the technology company’s stock worth $823,014,000 after purchasing an additional 300,942 shares during the period. FIL Ltd raised its stake in Nutanix by 74.7% during the fourth quarter. FIL Ltd now owns 8,908,166 shares of the technology company’s stock worth $424,830,000 after purchasing an additional 3,809,981 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Nutanix by 29.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,358,768 shares of the technology company’s stock valued at $269,024,000 after purchasing an additional 985,421 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. grew its stake in shares of Nutanix by 13.1% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 3,988,923 shares of the technology company’s stock valued at $246,196,000 after buying an additional 462,000 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

About Nutanix

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.