Nutanix, Inc. (NASDAQ:NTNX) Given Consensus Rating of "Moderate Buy" by Analysts

Nutanix, Inc. (NASDAQ:NTNX - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fifteen research firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $73.31.

A number of brokerages have recently commented on NTNX. Morgan Stanley upped their target price on shares of Nutanix from $62.00 to $71.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 29th. Piper Sandler raised their target price on shares of Nutanix from $76.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, August 29th. Royal Bank of Canada boosted their price target on Nutanix from $70.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. upped their price target on Nutanix from $65.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, August 29th. Finally, Northland Securities lifted their price objective on Nutanix from $71.00 to $74.00 and gave the company a "market perform" rating in a research note on Friday, August 30th.

Insider Buying and Selling at Nutanix

In related news, COO David Sangster sold 11,950 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $59.83, for a total value of $714,968.50. Following the completion of the transaction, the chief operating officer now owns 123,868 shares of the company's stock, valued at approximately $7,411,022.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total value of $1,430,996.60. Following the completion of the transaction, the chief financial officer now owns 192,169 shares of the company's stock, valued at approximately $11,309,145.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO David Sangster sold 11,950 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $59.83, for a total value of $714,968.50. Following the sale, the chief operating officer now directly owns 123,868 shares in the company, valued at $7,411,022.44. The disclosure for this sale can be found here. 0.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Paragon Capital Management Inc. bought a new stake in Nutanix during the 2nd quarter valued at about $1,468,000. Senator Investment Group LP bought a new position in Nutanix in the second quarter worth approximately $4,858,000. Creative Planning increased its holdings in Nutanix by 45.8% during the 2nd quarter. Creative Planning now owns 10,955 shares of the technology company's stock worth $623,000 after purchasing an additional 3,440 shares during the period. Algert Global LLC increased its holdings in Nutanix by 18.6% during the 2nd quarter. Algert Global LLC now owns 147,064 shares of the technology company's stock worth $8,361,000 after purchasing an additional 23,037 shares during the period. Finally, Driehaus Capital Management LLC lifted its holdings in shares of Nutanix by 123.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company's stock worth $81,593,000 after buying an additional 794,215 shares during the period. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Stock Down 0.6 %

Shares of NASDAQ:NTNX traded down $0.35 on Monday, hitting $59.26. The company had a trading volume of 993,662 shares, compared to its average volume of 2,636,431. The firm's 50-day simple moving average is $54.93 and its two-hundred day simple moving average is $58.66. The firm has a market capitalization of $14.62 billion, a price-to-earnings ratio of -851.57, a P/E/G ratio of 12.23 and a beta of 1.19. Nutanix has a 1 year low of $33.78 and a 1 year high of $73.69.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.02. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. The business had revenue of $547.95 million during the quarter, compared to analyst estimates of $537.12 million. Equities research analysts anticipate that Nutanix will post 0.27 EPS for the current year.

About Nutanix

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.