Nutanix (NASDAQ:NTNX)‘s stock had its “buy” rating restated by stock analysts at Oppenheimer in a report released on Tuesday. They presently have a $43.00 target price on the technology company’s stock. Oppenheimer’s price target points to a potential upside of 11.95% from the company’s current price.
Several other research firms have also commented on NTNX. Morgan Stanley boosted their price target on shares of Nutanix from $22.00 to $35.00 and gave the company a “hold” rating in a report on Friday, December 1st. Royal Bank of Canada restated a “buy” rating and issued a $40.00 price target on shares of Nutanix in a report on Friday, December 1st. Vetr lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating and set a $38.31 price objective for the company. in a research note on Monday, December 4th. Robert W. Baird reiterated a “buy” rating and set a $41.00 price objective on shares of Nutanix in a research note on Wednesday, January 3rd. Finally, Maxim Group reiterated a “buy” rating and set a $51.00 price objective on shares of Nutanix in a research note on Friday, December 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $34.87.
Nutanix (NASDAQ:NTNX) traded up $1.50 during trading hours on Tuesday, hitting $38.41. 4,216,500 shares of the stock traded hands, compared to its average volume of 3,276,220. Nutanix has a twelve month low of $14.38 and a twelve month high of $38.48. The company has a market cap of $6,080.00 and a price-to-earnings ratio of -15.87.
In other Nutanix news, President Sudheesh Nair Vadakkedath sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $26.57, for a total transaction of $1,062,800.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Kenneth W. Long III sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $35.87, for a total transaction of $2,152,200.00. Following the transaction, the vice president now owns 176,171 shares in the company, valued at approximately $6,319,253.77. The disclosure for this sale can be found here. Insiders have sold a total of 2,239,670 shares of company stock worth $71,123,239 in the last 90 days. 19.81% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of NTNX. Thompson Davis & CO. Inc. boosted its holdings in shares of Nutanix by 320.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock valued at $118,000 after acquiring an additional 4,000 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Nutanix by 3,147.6% in the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after acquiring an additional 8,530 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Nutanix in the 2nd quarter valued at $186,000. PNC Financial Services Group Inc. purchased a new stake in shares of Nutanix in the 2nd quarter valued at $208,000. Finally, First Allied Advisory Services Inc. purchased a new stake in shares of Nutanix in the 3rd quarter valued at $215,000. Institutional investors and hedge funds own 34.13% of the company’s stock.
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Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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