Nutanix, Inc. (NASDAQ:NTNX) Given Average Rating of "Buy" by Brokerages

Nutanix, Inc. (NASDAQ:NTNX - Get Free Report) has been given an average recommendation of "Buy" by the fourteen research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $87.85.

Several research analysts have recently commented on the company. Barclays set a $94.00 price target on Nutanix and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Royal Bank of Canada boosted their target price on Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. boosted their target price on Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Wells Fargo & Company boosted their target price on Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Finally, Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th.

Nutanix Trading Up 7.0 %

Shares of NTNX traded up $4.21 during trading hours on Friday, hitting $63.99. The company had a trading volume of 491,085 shares, compared to its average volume of 2,504,068. The company has a market capitalization of $17.06 billion, a PE ratio of -182.83, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. Nutanix has a one year low of $43.35 and a one year high of $79.99. The company's fifty day moving average price is $68.16 and its two-hundred day moving average price is $66.72.

Insider Transactions at Nutanix

In related news, CEO Rajiv Ramaswami sold 7,740 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $75.00, for a total value of $580,500.00. Following the transaction, the chief executive officer now directly owns 558,366 shares of the company's stock, valued at approximately $41,877,450. This trade represents a 1.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the transaction, the director now directly owns 11,354,032 shares in the company, valued at $845,988,924.32. This 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 5,610,592 shares of company stock valued at $417,628,260 in the last ninety days. 6.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Nutanix

Hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its holdings in Nutanix by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company's stock valued at $88,271,000 after acquiring an additional 33,980 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Nutanix by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company's stock valued at $453,000 after acquiring an additional 375 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Nutanix by 1,555.9% during the 4th quarter. Pacer Advisors Inc. now owns 74,203 shares of the technology company's stock worth $4,540,000 after buying an additional 69,722 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Nutanix during the 4th quarter worth approximately $299,000. Finally, Sanctuary Advisors LLC increased its holdings in shares of Nutanix by 3.5% during the 4th quarter. Sanctuary Advisors LLC now owns 9,698 shares of the technology company's stock worth $593,000 after buying an additional 325 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

About Nutanix

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.