StockNews.com upgraded shares of Nutanix (NASDAQ:NTNX – Free Report) from a buy rating to a strong-buy rating in a report published on Saturday morning.
Other analysts have also issued research reports about the company. Raymond James lowered their price target on Nutanix from $83.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, January 17th. UBS Group began coverage on Nutanix in a research report on Thursday, December 12th. They set a “buy” rating and a $81.00 price target on the stock. Barclays lifted their price objective on Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Morgan Stanley increased their target price on shares of Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Finally, Needham & Company LLC boosted their price target on shares of Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $78.87.
Check Out Our Latest Report on Nutanix
Nutanix Price Performance
Insider Transactions at Nutanix
In other news, CEO Rajiv Ramaswami sold 63,901 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the transaction, the chief executive officer now owns 649,034 shares in the company, valued at $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 SEC, which is available through this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of the 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 completion of the transaction, the director now directly owns 45,330 shares of the company’s stock, valued at $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,065 shares of company stock valued at $5,405,141. Corporate insiders own 6.80% of the company’s stock.
Institutional Investors Weigh In On Nutanix
A number of large investors have recently made changes to their positions in NTNX. ORG Wealth Partners LLC purchased a new position in Nutanix in the 3rd quarter worth $27,000. Larson Financial Group LLC raised its stake in shares of Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after purchasing an additional 281 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings 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 worth $32,000 after purchasing an additional 321 shares during the period. Versant Capital Management Inc boosted its position in Nutanix by 587.7% in the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock valued at $45,000 after buying an additional 623 shares during the last quarter. Finally, Berbice Capital Management LLC acquired a new position in Nutanix in the 4th quarter worth approximately $49,000. 85.25% of the stock is 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.
Read More
- Five stocks we like better than Nutanix
- What Are Dividend Champions? How to Invest in the Champions
- Sizing Up a New Opportunity for NVIDIA Investors
- Stock Average Calculator
- Is DeepSeek Challenging NVIDIA’s AI Dominance?
- Upcoming IPO Stock Lockup Period, Explained
- The 3 Biggest M&A Stock Opportunities for 2025
Receive News & Ratings for Nutanix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix and related companies with MarketBeat.com's FREE daily email newsletter.