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

Nutanix, Inc. (NASDAQ:NTNX - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seventeen research firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $79.47.

NTNX has been the subject of a number of research analyst reports. Northland Securities reaffirmed a "market perform" rating and issued a $77.00 price target (up previously from $74.00) on shares of Nutanix in a research note on Wednesday, November 27th. Barclays raised their target price on shares of Nutanix from $75.00 to $87.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Morgan Stanley boosted their price target on shares of Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. Wells Fargo & Company lifted their price objective on Nutanix from $60.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 27th. Finally, Oppenheimer began coverage on Nutanix in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $80.00 target price for the company.

Insiders Place Their Bets

In related news, CEO Rajiv Ramaswami sold 63,901 shares of Nutanix stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the sale, the chief executive officer now directly owns 649,034 shares in the company, valued at approximately $42,738,888.90. This trade represents a 8.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Virginia Gambale sold 6,060 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $64.73, for a total transaction of $392,263.80. Following the transaction, the director now owns 45,330 shares in the company, valued at $2,934,210.90. This represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,771 shares of company stock valued at $5,387,045. Insiders own 6.80% of the company's stock.

Hedge Funds Weigh In On Nutanix

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bain Capital Investors LLC purchased a new stake in Nutanix during the third quarter valued at $998,601,000. Champlain Investment Partners LLC lifted its stake in shares of Nutanix by 3.7% in the 3rd quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company's stock worth $354,867,000 after purchasing an additional 215,363 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Nutanix by 0.5% in the third quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company's stock worth $245,968,000 after buying an additional 22,091 shares during the last quarter. Renaissance Technologies LLC grew its position in Nutanix by 7.4% during the second quarter. Renaissance Technologies LLC now owns 3,738,756 shares of the technology company's stock valued at $212,548,000 after buying an additional 256,156 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Nutanix by 15.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company's stock valued at $166,886,000 after buying an additional 374,328 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Nutanix Price Performance

NTNX traded up $0.24 during midday trading on Wednesday, reaching $62.41. 1,824,419 shares of the company's stock traded hands, compared to its average volume of 1,781,224. The stock has a market capitalization of $16.72 billion, a price-to-earnings ratio of -178.31, a P/E/G ratio of 10.34 and a beta of 1.16. Nutanix has a 52 week low of $43.35 and a 52 week high of $75.80. The firm has a fifty day moving average of $66.37 and a two-hundred day moving average of $60.13.

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.