Nutanix (NASDAQ:NTNX) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Nutanix (NASDAQ:NTNX – Get Rating) in a report issued on Thursday. The firm set a “buy” rating on the technology company’s stock.

A number of other research firms also recently commented on NTNX. Needham & Company LLC reissued a “buy” rating and set a $33.00 target price on shares of Nutanix in a research report on Tuesday, March 7th. Susquehanna reissued a “positive” rating and set a $34.00 target price on shares of Nutanix in a research report on Thursday, March 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $33.00 price target on shares of Nutanix in a report on Tuesday, March 7th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.92.

Nutanix Stock Up 2.3 %

NTNX opened at $26.27 on Thursday. The stock’s fifty day moving average is $24.92 and its two-hundred day moving average is $27.05. The company has a market capitalization of $6.04 billion, a P/E ratio of -12.33 and a beta of 1.36. Nutanix has a 52 week low of $13.44 and a 52 week high of $33.73.

Institutional Trading of Nutanix

Several large investors have recently made changes to their positions in the business. Eaton Vance Management boosted its holdings in shares of Nutanix by 2.2% in the 3rd quarter. Eaton Vance Management now owns 19,223 shares of the technology company’s stock valued at $401,000 after acquiring an additional 417 shares during the last quarter. Commerce Bank boosted its holdings in shares of Nutanix by 2.4% in the 1st quarter. Commerce Bank now owns 17,747 shares of the technology company’s stock valued at $461,000 after acquiring an additional 422 shares during the last quarter. Essex Investment Management Co. LLC boosted its stake in shares of Nutanix by 10.3% in the third quarter. Essex Investment Management Co. LLC now owns 4,592 shares of the technology company’s stock worth $96,000 after buying an additional 430 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Nutanix by 5.3% in the fourth quarter. MetLife Investment Management LLC now owns 9,506 shares of the technology company’s stock worth $248,000 after buying an additional 477 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Nutanix by 3.2% in the fourth quarter. Wells Fargo & Company MN now owns 18,307 shares of the technology company’s stock worth $477,000 after buying an additional 560 shares during the last quarter. 76.95% of the stock is owned by hedge funds and other institutional investors.

Nutanix Company Profile

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Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.