Nutanix (NASDAQ:NTNX – Get Free Report) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.
A number of other research analysts have also issued reports on NTNX. Wells Fargo & Company boosted their price objective on Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Barclays boosted their price target on shares of Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. UBS Group started coverage on shares of Nutanix in a report on Thursday, December 12th. They issued a “buy” rating and a $81.00 price objective on the stock. Oppenheimer started coverage on shares of Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 target price for the company. Finally, Morgan Stanley raised their price target on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Nutanix has an average rating of “Moderate Buy” and a consensus target price of $78.87.
Read Our Latest Research Report on NTNX
Nutanix Stock Down 0.7 %
Insider Activity
In related news, CFO Rukmini Sivaraman sold 11,810 shares of the firm’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 transaction of $786,900.30. Following the completion of the sale, the chief financial officer now directly owns 190,882 shares in the company, valued at approximately $12,718,467.66. This trade represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Virginia Gambale sold 6,060 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the transaction, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. This represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,065 shares of company stock worth $5,405,141 over the last 90 days. 6.80% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Nutanix
Large investors have recently modified their holdings of the stock. abrdn plc acquired a new stake in shares of Nutanix during the fourth quarter worth $233,000. Rheos Capital Works Inc. increased its stake in Nutanix by 32.0% in the 4th quarter. Rheos Capital Works Inc. now owns 132,000 shares of the technology company’s stock worth $8,076,000 after purchasing an additional 32,000 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in Nutanix during the 4th quarter worth about $293,000. Caprock Group LLC purchased a new stake in Nutanix during the fourth quarter valued at about $209,000. Finally, Mediolanum International Funds Ltd purchased a new stake in Nutanix during the fourth quarter valued at about $2,258,000. 85.25% of the stock is owned by institutional investors.
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.
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