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

Nutanix, Inc. (NASDAQ:NTNX) has been given an average recommendation of “Moderate Buy” by the seventeen research firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $79.00.

A number of equities analysts have issued reports on NTNX shares. Barclays lifted their price objective on shares of Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Piper Sandler boosted their price target on shares of Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Bank of America increased their price objective on shares of Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Morgan Stanley lifted their target price on shares of Nutanix from $72.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Northland Securities reaffirmed a “market perform” rating and issued a $77.00 target price (up from $74.00) on shares of Nutanix in a report on Wednesday, November 27th.

Nutanix Stock Down 3.9 %

Shares of NASDAQ:NTNX opened at $66.05 on Friday. The business’s 50 day moving average is $66.13 and its 200 day moving average is $59.19. Nutanix has a 12-month low of $43.35 and a 12-month high of $75.80. The stock has a market cap of $17.52 billion, a price-to-earnings ratio of -188.71, a PEG ratio of 10.14 and a beta of 1.13.

Insider Buying and Selling

In related news, COO David Sangster sold 11,950 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $59.83, for a total value of $714,968.50. Following the completion of the transaction, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.44. This trade represents a 8.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Rukmini Sivaraman sold 24,316 shares of the business’s stock in a transaction on 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 sale, the chief financial officer now directly owns 192,169 shares in the company, valued at $11,309,145.65. The trade was a 11.23 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by insiders.

Institutional Trading of Nutanix

A number of institutional investors have recently added to or reduced their stakes in NTNX. ORG Wealth Partners LLC purchased a new position in shares of Nutanix during the 3rd quarter valued at $27,000. Larson Financial Group LLC boosted its stake in Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after buying an additional 281 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Nutanix during the second quarter worth about $32,000. Advisors Asset Management Inc. increased its stake in Nutanix by 150.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after acquiring an additional 321 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Nutanix by 57.8% in the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock valued at $57,000 after acquiring an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

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.