Nutanix (NASDAQ:NTNX) Price Target Increased to $38.00 by Analysts at Barclays

Nutanix (NASDAQ:NTNX – Get Rating) had its price target increased by Barclays from $34.00 to $38.00 in a report published on Thursday, The Fly reports.

Several other research firms have also recently issued reports on NTNX. OTR Global cut shares of Nutanix to a positive rating in a report on Thursday, May 18th. StockNews.com started coverage on shares of Nutanix in a report on Thursday, May 18th. They issued a buy rating for the company. Royal Bank of Canada reiterated an outperform rating and issued a $33.00 price objective on shares of Nutanix in a report on Tuesday, March 7th. Needham & Company LLC reiterated a buy rating and issued a $33.00 price objective on shares of Nutanix in a report on Tuesday, March 7th. Finally, Susquehanna reiterated a positive rating and issued a $34.00 price objective on shares of Nutanix in a report on Thursday, March 9th. 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 stock presently has a consensus rating of Moderate Buy and a consensus price target of $33.62.

Nutanix Stock Performance

Shares of NASDAQ:NTNX opened at $29.68 on Thursday. The firm’s 50 day moving average is $25.10 and its two-hundred day moving average is $27.01. Nutanix has a 52 week low of $13.44 and a 52 week high of $33.73.

Institutional Investors Weigh In On Nutanix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position 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 buying an additional 1,116,856 shares in the last quarter. Generation Investment Management LLP lifted 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 in the last quarter. BlackRock Inc. lifted 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 in the last quarter. Champlain Investment Partners LLC lifted 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 in the last quarter. Finally, First Trust Advisors LP lifted 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 in the last quarter. Hedge funds and other institutional investors own 76.95% of the company’s stock.

About Nutanix

(Get Rating)

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.