Nutanix, Inc. (NASDAQ:NTNX) Receives $87.79 Average PT from Brokerages

Shares of Nutanix, Inc. (NASDAQ:NTNX) have been given a consensus rating of “Buy” by the fifteen analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $87.79.

Several brokerages have recently weighed in on NTNX. Raymond James set a $83.00 price objective on Nutanix in a report on Thursday, February 27th. Oppenheimer boosted their target price on shares of Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Wells Fargo & Company raised their target price on shares of Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Needham & Company LLC increased their price objective on Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Morgan Stanley lifted their target price on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th.

Insider Buying and Selling

In related news, Director Steven J. Gomo sold 7,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $76.16, for a total transaction of $533,120.00. Following the completion of the sale, the director now directly owns 3,050 shares of the company’s stock, valued at approximately $232,288. This represents a 69.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rajiv Ramaswami sold 7,740 shares of Nutanix stock in a transaction on Monday, March 24th. The stock was sold at an average price of $75.00, for a total transaction of $580,500.00. Following the completion of the transaction, the chief executive officer now owns 558,366 shares in the company, valued at $41,877,450. This trade represents a 1.37 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,610,886 shares of company stock worth $417,646,356. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Nutanix

Hedge funds have recently modified their holdings of the business. Larson Financial Group LLC grew its position in Nutanix by 28.6% in the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock worth $40,000 after purchasing an additional 146 shares during the last quarter. True Wealth Design LLC raised its holdings in Nutanix by 13.2% in the 4th quarter. True Wealth Design LLC now owns 1,249 shares of the technology company’s stock valued at $76,000 after acquiring an additional 146 shares in the last quarter. Freedom Investment Management Inc. lifted its position in shares of Nutanix by 4.0% in the 3rd quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock worth $230,000 after acquiring an additional 151 shares during the period. Azzad Asset Management Inc. ADV raised its stake in shares of Nutanix by 0.5% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 34,887 shares of the technology company’s stock valued at $2,134,000 after purchasing an additional 159 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in Nutanix by 3.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company’s stock worth $349,000 after purchasing an additional 188 shares during the period. 85.25% of the stock is owned by institutional investors.

Nutanix Trading Down 2.2 %

NTNX stock opened at $73.28 on Monday. The firm’s 50-day moving average is $70.15 and its two-hundred day moving average is $66.22. The company has a market capitalization of $19.54 billion, a price-to-earnings ratio of -209.37, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. Nutanix has a 52 week low of $43.35 and a 52 week high of $79.99.

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.