Brokerages Set Nutanix, Inc. (NASDAQ:NTNX) Price Target at $87.79

Shares of Nutanix, Inc. (NASDAQ:NTNX - Get Free Report) have received an average rating of "Buy" from the fifteen research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $87.79.

A number of research firms have weighed in on NTNX. Royal Bank of Canada boosted their price objective on shares of Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. UBS Group boosted their target price on Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Needham & Company LLC boosted their price objective on Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Oppenheimer lifted their target price on Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th.

Nutanix Stock Down 1.8 %

NASDAQ NTNX traded down $1.32 during trading hours on Monday, hitting $71.96. 2,146,904 shares of the company were exchanged, compared to its average volume of 2,432,240. Nutanix has a 52 week low of $43.35 and a 52 week high of $79.99. The stock has a 50-day moving average price of $70.15 and a 200 day moving average price of $66.22. The stock has a market cap of $19.19 billion, a PE ratio of -205.60, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04.

Remove Ads

Insider Activity at Nutanix

In other Nutanix news, Director Steven J. Gomo sold 7,000 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the completion of the sale, the director now owns 3,050 shares of the company's stock, valued at approximately $232,288. This trade represents a 69.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the sale, the director now owns 11,354,032 shares of the company's stock, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,610,886 shares of company stock valued at $417,646,356 over the last quarter. 6.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nutanix

Large investors have recently bought and sold shares of the company. Harbour Investments Inc. boosted its stake in shares of Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after buying an additional 418 shares during the last quarter. Colonial Trust Co SC purchased a new position in shares of Nutanix during the 4th quarter valued at approximately $28,000. Larson Financial Group LLC grew its position in Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock valued at $30,000 after buying an additional 281 shares during the period. Allworth Financial LP grew its position in shares of Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock valued at $31,000 after acquiring an additional 256 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in Nutanix by 150.7% in the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock valued at $32,000 after purchasing an additional 321 shares during the period. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Company Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers' enterprise infrastructure.