Nutanix (NASDAQ:NTNX) Stock Rating Upgraded by Northland Capmk

Nutanix (NASDAQ:NTNX) was upgraded by analysts at Northland Capmk from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

NTNX has been the topic of a number of other research reports. Piper Sandler upped their target price on Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday. UBS Group increased their price objective on Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday. Northland Securities upgraded Nutanix from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $77.00 to $97.00 in a report on Thursday. Oppenheimer increased their price target on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Raymond James set a $83.00 price objective on Nutanix in a research report on Thursday. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $87.79.

Nutanix Stock Up 0.5 %

Shares of NTNX opened at $76.89 on Thursday. The firm has a 50-day moving average price of $66.98 and a 200 day moving average price of $64.20. The firm has a market capitalization of $20.60 billion, a PE ratio of -219.69, a P/E/G ratio of 11.80 and a beta of 1.17. Nutanix has a 52-week low of $43.35 and a 52-week high of $79.90.

Insider Activity

In other Nutanix news, Director Virginia Gambale sold 6,060 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now owns 45,330 shares in the company, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 11,810 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were 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 owns 190,882 shares in the company, 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. Insiders have sold 177,917 shares of company stock worth $12,114,781 in the last 90 days. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Nutanix by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company’s stock worth $1,568,447,000 after acquiring an additional 146,854 shares during the last quarter. Bain Capital Investors LLC acquired a new position in Nutanix in the 3rd quarter valued at $998,601,000. Champlain Investment Partners LLC grew its holdings in Nutanix by 3.7% in the 3rd quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company’s stock valued at $354,867,000 after buying an additional 215,363 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Nutanix by 6.5% in the 4th quarter. Renaissance Technologies LLC now owns 4,418,900 shares of the technology company’s stock valued at $270,348,000 after buying an additional 268,400 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Nutanix by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 4,311,000 shares of the technology company’s stock valued at $263,275,000 after acquiring an additional 163,874 shares during the period. Institutional investors and hedge funds 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.