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

Nutanix, Inc. (NASDAQ:NTNX - Get Free Report) has received an average rating of "Moderate Buy" from the sixteen ratings firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $78.87.

Several research firms have recently weighed in on NTNX. Barclays boosted their price target on Nutanix from $75.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. StockNews.com cut shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Northland Securities reiterated a "market perform" rating and issued a $77.00 price target (up from $74.00) on shares of Nutanix in a research note on Wednesday, November 27th. Raymond James lowered their price objective on shares of Nutanix from $83.00 to $76.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Finally, Oppenheimer began coverage on shares of Nutanix in a report on Wednesday, November 13th. They issued an "outperform" rating and a $80.00 target price on the stock.

Insider Transactions at Nutanix

In other news, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now directly owns 45,330 shares of the company's stock, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rajiv Ramaswami sold 63,901 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85. Following the transaction, the chief executive officer now directly owns 649,034 shares of the company's stock, valued at approximately $42,738,888.90. The trade was a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,065 shares of company stock valued at $5,405,141 over the last 90 days. Company insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On Nutanix

Several large investors have recently bought and sold shares of the business. Bain Capital Investors LLC purchased a new stake in Nutanix during the 3rd quarter valued at $998,601,000. Two Sigma Advisers LP raised its position in Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company's stock worth $166,730,000 after purchasing an additional 695,567 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in Nutanix by 5,473.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company's stock worth $29,325,000 after purchasing an additional 470,717 shares during the last quarter. Stephens Investment Management Group LLC grew its stake in shares of Nutanix by 235.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 544,516 shares of the technology company's stock valued at $33,313,000 after buying an additional 382,232 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Nutanix by 15.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company's stock worth $166,886,000 after buying an additional 374,328 shares during the period. Institutional investors own 85.25% of the company's stock.

Nutanix Stock Performance

Shares of NTNX traded up $0.75 during trading hours on Friday, hitting $68.76. The company had a trading volume of 3,346,125 shares, compared to its average volume of 1,757,100. The stock has a market capitalization of $18.42 billion, a price-to-earnings ratio of -196.46, a P/E/G ratio of 11.09 and a beta of 1.16. The firm has a fifty day moving average price of $65.22 and a 200-day moving average price of $61.18. Nutanix has a 52-week low of $43.35 and a 52-week high of $75.80.

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.