Analysts Set Nutanix, Inc. (NASDAQ:NTNX) PT at $73.31

Nutanix, Inc. (NASDAQ:NTNX - Get Free Report) has been given an average recommendation of "Moderate Buy" by the fifteen brokerages that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $73.31.

A number of equities research analysts have recently issued reports on NTNX shares. Morgan Stanley upped their target price on shares of Nutanix from $62.00 to $71.00 and gave the company an "equal weight" rating in a research note on Thursday, August 29th. Royal Bank of Canada upped their target price on shares of Nutanix from $70.00 to $75.00 and gave the company an "outperform" rating in a research note on Thursday, August 29th. Raymond James upped their target price on shares of Nutanix from $76.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, August 29th. Piper Sandler upped 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. Finally, Needham & Company LLC restated a "buy" rating and issued a $80.00 target price on shares of Nutanix in a research note on Thursday, August 29th.

Nutanix Trading Down 0.7 %

NASDAQ:NTNX traded down $0.43 on Friday, reaching $61.59. The stock had a trading volume of 844,294 shares, compared to its average volume of 2,535,130. The company has a 50-day moving average of $59.91 and a 200 day moving average of $58.53. The stock has a market cap of $16.33 billion, a P/E ratio of -118.44, a price-to-earnings-growth ratio of 12.44 and a beta of 1.18. Nutanix has a 12-month low of $34.40 and a 12-month high of $73.69.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. The company had revenue of $547.95 million during the quarter, compared to analysts' expectations of $537.12 million. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. On average, equities analysts predict that Nutanix will post 0.27 EPS for the current year.

Insider Buying and Selling at Nutanix

In other Nutanix news, COO David Sangster sold 11,950 shares of the firm's stock in a transaction that occurred 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 sale, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO David Sangster sold 11,950 shares of the stock in a transaction that occurred 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 directly owns 123,868 shares in the company, valued at $7,411,022.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total transaction 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 $11,309,145.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.46% of the stock is owned by company insiders.

Institutional Trading of Nutanix

Large investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Nutanix during the second quarter worth approximately $25,000. ORG Wealth Partners LLC purchased a new stake in Nutanix in the 3rd quarter worth approximately $27,000. Itau Unibanco Holding S.A. purchased a new stake in Nutanix in the 2nd quarter worth approximately $32,000. GAMMA Investing LLC lifted its position in Nutanix by 35.2% in the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company's stock worth $53,000 after buying an additional 243 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Nutanix by 57.8% during the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company's stock valued at $57,000 after purchasing an additional 350 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

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.