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

Shares of Nutanix, Inc. (NASDAQ:NTNX) have received an average recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $79.47.

Several research analysts have recently issued reports on the company. Northland Securities reissued a “market perform” rating and issued a $77.00 target price (up previously from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Morgan Stanley raised their price objective on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Oppenheimer started coverage on shares of Nutanix in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price target for the company. StockNews.com upgraded shares of Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 28th. Finally, UBS Group began coverage on shares of Nutanix in a report on Thursday, December 12th. They set a “buy” rating and a $81.00 target price for the company.

Nutanix Price Performance

NTNX stock opened at $62.17 on Wednesday. The firm has a 50-day moving average of $66.42 and a 200 day moving average of $60.06. The company has a market cap of $16.66 billion, a P/E ratio of -177.63, a PEG ratio of 10.34 and a beta of 1.16. Nutanix has a 1 year low of $43.35 and a 1 year high of $75.80.

Insiders Place Their Bets

In other news, Director Virginia Gambale sold 6,060 shares of the 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 transaction, the director now directly owns 45,330 shares of the company’s stock, valued at $2,934,210.90. This represents a 11.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Rukmini Sivaraman sold 11,810 shares of Nutanix stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total value of $786,900.30. Following the completion of the sale, the chief financial officer now directly owns 190,882 shares of the company’s stock, valued at $12,718,467.66. The trade was a 5.83 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,771 shares of company stock valued at $5,387,045. 6.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Nutanix

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bain Capital Investors LLC purchased a new stake in Nutanix in the third quarter worth about $998,601,000. Driehaus Capital Management LLC increased its holdings in Nutanix by 123.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock worth $81,593,000 after acquiring an additional 794,215 shares in the last quarter. Two Sigma Advisers LP increased its holdings in Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after acquiring an additional 695,567 shares in the last quarter. Marshall Wace LLP raised its stake in Nutanix by 47.5% during the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock worth $84,308,000 after acquiring an additional 477,838 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Nutanix by 15.3% during 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 in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

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.