Nutanix, Inc. (NASDAQ:NTNX) Given average recommendation of “Moderate Buy” from analysts

Shares of Nutanix, Inc. (NASDAQ:NTNX – Get Your Free Report ) has been assigned an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $73.31.

Several research analysts recently commented on the company. Royal Bank of Canada boosted their price target on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Piper Sandler boosted their price target on Nutanix from $76.00 to $77.00 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 report on Thursday, August 29th. JPMorgan Chase & Co. upped their target price on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Finally, Northland Securities lifted their price objective on shares of Nutanix from $71.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday, August 30th.

Get the latest research report on NTNX

Insider activity at Nutanix

In other news, COO David Sangster sold 11,950 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the sale, the chief operating officer now directly owns 123,868 shares in the company, valued at approximately $7,411,022.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In other news, COO David Sangster sold 11,950 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the transaction, the chief operating officer now owns 123,868 shares in the company, valued at $7,411,022.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the completion of the sale, the chief financial officer now directly owns 192,169 shares in the company, valued at approximately $11,309,145.65. The disclosure for this sale can be found here. Insiders hold 0.46% of the company’s stock.

Hedge funds influence Nutanix

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in Nutanix in the first quarter valued at $1,384,000. Cetera Investment Advisers boosted its stake in Nutanix by 48.7% in the first quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock valued at $4,697,000 after buying an additional 24,918 shares during the last quarter. Diversified Trust Co boosted its holdings in Nutanix by 46.7% in the second quarter. Diversified Trust Co now owns 36,666 shares of the technology company’s stock worth $2,084,000 after buying an additional 11,668 shares during the period. Vanguard Group Inc. increased its position in Nutanix by 1.4% in the first quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock valued at $1,548,378,000 after buying an additional 346,414 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Nutanix by 387.1% in the first quarter. Nordea Investment Management AB now owns 2,612,812 shares of the technology company’s stock valued at $162,229,000 after buying an additional 2,076,377 shares during the period. 85.25% of the shares are currently owned by institutional investors and hedge funds.

Nutanix stock down 2.6%

NASDAQ NTNX opened at $59.61 on Monday. Nutanix has a fifty-two week low of $33.78 and a fifty-two week high of $73.69. The company has a 50 day moving average price of $54.93 and a two hundred day moving average price of $58.70. The stock has a market cap of $14.70 billion, a PE ratio of -851.57, a P/E/G ratio of 12.23 and a beta of 1.19.

Nutanix (NASDAQ:NTNX – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The firm had revenue of $547.95 million for the quarter, compared to analyst estimates of $537.12 million. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. sell-side analysts anticipate that Nutanix will post 0.27 EPS for the current fiscal year.

Nutanix Company Profile

(Get a free report

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

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