Brokerages Set Nutanix, Inc. (NASDAQ:NTNX) Price Target at $79.50

Nutanix, Inc. (NASDAQ:NTNX) has been assigned an average rating of “Buy” from the fifteen research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $87.79.

Several equities analysts have recently weighed in on NTNX shares. Needham & Company LLC lifted their price target on Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Northland Capmk raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Oppenheimer increased their target price on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Royal Bank of Canada raised their price objective on Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, StockNews.com lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st.

Insider Activity at Nutanix

In other Nutanix news, Director Steven J. Gomo sold 7,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the completion of the sale, the director now directly owns 3,050 shares in the company, valued at $232,288. The trade was a 69.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the sale, the director now owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 184,917 shares of company stock valued at $12,647,901 in the last 90 days. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Nutanix

Institutional investors and hedge funds have recently modified their holdings of the company. Harbour Investments Inc. raised its stake in Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock valued at $27,000 after purchasing an additional 418 shares during the period. Colonial Trust Co SC bought a new stake in shares of Nutanix in the fourth quarter worth about $28,000. Larson Financial Group LLC lifted its position 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 buying an additional 281 shares in the last quarter. Allworth Financial LP grew its holdings in Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after buying an additional 256 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after acquiring an additional 321 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Nutanix Stock Up 0.7 %

NASDAQ NTNX opened at $77.44 on Thursday. The company’s 50 day moving average is $67.24 and its 200-day moving average is $64.56. The firm has a market cap of $20.75 billion, a P/E ratio of -221.26, a price-to-earnings-growth ratio of 11.80 and a beta of 1.17. Nutanix has a 12-month low of $43.35 and a 12-month high of $79.99.

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.