Nutanix, Inc. (NASDAQ:NTNX – Get Rating) has been given an average rating of “Moderate Buy” by the fourteen analysts that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $27.67.
A number of research firms have issued reports on NTNX. Piper Sandler upped their price target on shares of Nutanix from $25.00 to $29.00 in a report on Thursday, September 1st. The Goldman Sachs Group increased their price target on shares of Nutanix to $21.00 in a research note on Tuesday, September 6th. Northland Securities raised their price objective on shares of Nutanix to $34.00 in a research note on Tuesday, September 6th. Susquehanna Bancshares raised their price objective on shares of Nutanix to $30.00 in a research note on Tuesday, September 6th. Finally, Needham & Company LLC increased their target price on shares of Nutanix from $25.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, October 17th.
Nutanix Stock Up 1.8 %
Nutanix stock opened at $28.76 on Friday. The stock has a market cap of $6.53 billion, a P/E ratio of -7.88 and a beta of 1.24. Nutanix has a 12 month low of $13.44 and a 12 month high of $35.56. The company’s fifty day simple moving average is $25.03 and its 200-day simple moving average is $20.08.
Insiders Place Their Bets
In other news, CEO Rajiv Ramaswami sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $22.90, for a total value of $114,500.00. Following the completion of the transaction, the chief executive officer now directly owns 267,576 shares in the company, valued at approximately $6,127,490.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Rajiv Ramaswami sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $22.90, for a total value of $114,500.00. Following the sale, the chief executive officer now directly owns 267,576 shares of the company’s stock, valued at approximately $6,127,490.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Rukmini Sivaraman sold 11,148 shares of the stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $22.93, for a total transaction of $255,623.64. Following the completion of the sale, the chief financial officer now owns 95,237 shares of the company’s stock, valued at approximately $2,183,784.41. The disclosure for this sale can be found here. Insiders sold 112,852 shares of company stock worth $2,587,546 in the last quarter. 0.43% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Nutanix
Several institutional investors have recently added to or reduced their stakes in the stock. IndexIQ Advisors LLC bought a new position in shares of Nutanix in the first quarter valued at approximately $33,000. Point72 Hong Kong Ltd purchased a new position in shares of Nutanix during the first quarter worth approximately $35,000. US Bancorp DE raised its stake in shares of Nutanix by 41.8% during the second quarter. US Bancorp DE now owns 2,716 shares of the technology company’s stock worth $40,000 after acquiring an additional 801 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Nutanix during the second quarter worth approximately $51,000. Finally, Loomis Sayles & Co. L P raised its stake in shares of Nutanix by 33.4% during the second quarter. Loomis Sayles & Co. L P now owns 3,732 shares of the technology company’s stock worth $55,000 after acquiring an additional 935 shares in the last quarter. Institutional investors own 77.48% of the company’s stock.
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.
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