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

Nutanix, Inc. (NASDAQ:NTNX) has received an average recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $79.00.

Several brokerages have commented on NTNX. JPMorgan Chase & Co. lifted their price target on Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Royal Bank of Canada increased their price target on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Bank of America raised their price objective on shares of Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. StockNews.com raised Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 28th. Finally, Morgan Stanley boosted their price target on shares of Nutanix from $72.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th.

Nutanix Stock Down 3.9 %

Shares of Nutanix stock opened at $66.05 on Friday. Nutanix has a 12-month low of $43.35 and a 12-month high of $75.80. The stock has a 50 day moving average price of $66.13 and a two-hundred day moving average price of $59.19. The stock has a market capitalization of $17.52 billion, a P/E ratio of -188.71, a PEG ratio of 10.14 and a beta of 1.13.

Insider Transactions at Nutanix

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

Hedge Funds Weigh In On Nutanix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Nutanix during the 2nd quarter worth $290,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Nutanix during the 2nd quarter valued at $279,000. Values First Advisors Inc. acquired a new position in Nutanix during the second quarter worth $393,000. Williams Financial LLC bought a new position in shares of Nutanix in the second quarter valued at $580,000. Finally, Pallas Capital Advisors LLC grew its holdings in shares of Nutanix by 121.0% during the second quarter. Pallas Capital Advisors LLC now owns 7,624 shares of the technology company’s stock valued at $433,000 after buying an additional 4,175 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

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.