Nutanix (NASDAQ:NTNX) Rating Lowered to Positive at OTR Global

Nutanix (NASDAQ:NTNX – Get Rating) was downgraded by analysts at OTR Global to a “positive” rating in a report issued on Thursday, The Fly reports.

NTNX has been the subject of a number of other research reports. StockNews.com initiated coverage on shares of Nutanix in a report on Thursday. They set a “buy” rating for the company. Royal Bank of Canada restated an “outperform” rating and set a $33.00 price objective on shares of Nutanix in a report on Tuesday, March 7th. Susquehanna reiterated a “positive” rating and set a $34.00 target price on shares of Nutanix in a research report on Thursday, March 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $33.00 target price on shares of Nutanix in a research report on Tuesday, March 7th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.92.

Nutanix Price Performance

Shares of NTNX stock opened at $25.62 on Thursday. The firm has a 50-day moving average of $24.96 and a 200-day moving average of $27.03. The company has a market cap of $5.90 billion, a P/E ratio of -12.03 and a beta of 1.36. Nutanix has a one year low of $13.44 and a one year high of $33.73.

Institutional Trading of Nutanix

Several large investors have recently added to or reduced their stakes in NTNX. Vanguard Group Inc. boosted its stake in Nutanix by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 23,344,292 shares of the technology company’s stock worth $626,094,000 after purchasing an additional 1,116,856 shares in the last quarter. Generation Investment Management LLP raised its position in Nutanix by 4.8% in the 4th quarter. Generation Investment Management LLP now owns 22,080,454 shares of the technology company’s stock worth $575,196,000 after buying an additional 1,019,395 shares during the last quarter. BlackRock Inc. raised its position in Nutanix by 4.0% in the 3rd quarter. BlackRock Inc. now owns 11,272,320 shares of the technology company’s stock worth $234,802,000 after buying an additional 432,517 shares during the last quarter. Champlain Investment Partners LLC raised its position in Nutanix by 39.5% in the 1st quarter. Champlain Investment Partners LLC now owns 7,560,281 shares of the technology company’s stock worth $196,492,000 after buying an additional 2,141,125 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Nutanix by 4.0% in the 1st quarter. First Trust Advisors LP now owns 6,266,714 shares of the technology company’s stock worth $162,872,000 after buying an additional 238,396 shares during the last quarter. Institutional investors own 76.95% of the company’s stock.

About Nutanix

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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.