Nutanix Inc (NTNX) Given Average Rating of “Buy” by Analysts

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Shares of Nutanix Inc (NASDAQ:NTNX) have been assigned an average rating of “Buy” from the twenty-six brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $54.13.

Several analysts have issued reports on NTNX shares. Morgan Stanley upgraded Nutanix from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $57.00 to $58.00 in a research note on Tuesday, January 15th. Needham & Company LLC lifted their price target on Nutanix from $71.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, November 28th. They noted that the move was a valuation call. Maxim Group reduced their price target on Nutanix from $72.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Royal Bank of Canada reduced their price target on Nutanix to $60.00 and set an “outperform” rating for the company in a research report on Monday, November 26th. Finally, Wolfe Research began coverage on Nutanix in a research report on Tuesday, December 11th. They issued an “outperform” rating for the company.

Shares of NTNX traded down $0.12 during mid-day trading on Friday, hitting $38.25. The stock had a trading volume of 3,743,384 shares, compared to its average volume of 3,805,436. The firm has a market cap of $6.80 billion, a PE ratio of -22.63 and a beta of 1.06. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.71 and a quick ratio of 2.71. Nutanix has a 52 week low of $32.52 and a 52 week high of $64.87.

In other news, insider Tyler Wall sold 34,144 shares of the company’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $40.36, for a total value of $1,378,051.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Louis J. Attanasio sold 134,499 shares of the company’s stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $41.34, for a total value of $5,560,188.66. Following the completion of the transaction, the executive now owns 39,185 shares of the company’s stock, valued at $1,619,907.90. The disclosure for this sale can be found here. Insiders sold a total of 242,959 shares of company stock valued at $10,004,133 over the last quarter. Company insiders own 14.57% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC grew its stake in shares of Nutanix by 13.0% in the 4th quarter. FMR LLC now owns 19,000,669 shares of the technology company’s stock worth $790,238,000 after buying an additional 2,179,982 shares during the last quarter. Vanguard Group Inc. boosted its stake in Nutanix by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 10,774,780 shares of the technology company’s stock valued at $460,298,000 after purchasing an additional 387,316 shares during the last quarter. Vanguard Group Inc boosted its stake in Nutanix by 3.7% during the 3rd quarter. Vanguard Group Inc now owns 10,774,780 shares of the technology company’s stock valued at $460,298,000 after purchasing an additional 387,316 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Nutanix by 26.0% during the 4th quarter. BlackRock Inc. now owns 4,967,842 shares of the technology company’s stock valued at $206,611,000 after buying an additional 1,024,789 shares during the period. Finally, Frontier Capital Management Co. LLC lifted its holdings in shares of Nutanix by 136.2% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,587,285 shares of the technology company’s stock valued at $107,605,000 after buying an additional 1,491,988 shares during the period. Hedge funds and other institutional investors own 55.08% of the company’s stock.

About Nutanix

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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