Nutanix (NASDAQ:NTNX) Sets New 52-Week High at $69.10

Nutanix, Inc. (NASDAQ:NTNX - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $69.10 and last traded at $68.79, with a volume of 196880 shares trading hands. The stock had previously closed at $67.29.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays lifted their target price on Nutanix from $49.00 to $68.00 and gave the stock an "overweight" rating in a research report on Thursday, February 29th. William Blair raised Nutanix from a "market perform" rating to an "outperform" rating in a report on Wednesday, January 17th. JMP Securities lifted their target price on shares of Nutanix from $50.00 to $70.00 and gave the company a "market outperform" rating in a report on Monday, February 5th. Needham & Company LLC increased their price target on shares of Nutanix from $62.00 to $72.00 and gave the stock a "buy" rating in a research note on Thursday, February 29th. Finally, Royal Bank of Canada lifted their price objective on shares of Nutanix from $68.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $65.69.

Nutanix Price Performance

The company has a 50-day simple moving average of $63.27 and a 200-day simple moving average of $53.98. The stock has a market cap of $16.86 billion, a PE ratio of -191.69 and a beta of 1.27.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The company had revenue of $565.23 million for the quarter, compared to analyst estimates of $551.82 million. On average, equities analysts expect that Nutanix, Inc. will post -0.02 EPS for the current fiscal year.

Insider Activity

In related news, insider Tyler Wall sold 15,000 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $62.25, for a total value of $933,750.00. Following the sale, the insider now owns 13,168 shares in the company, valued at approximately $819,708. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Tyler Wall sold 15,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $62.25, for a total value of $933,750.00. Following the sale, the insider now directly owns 13,168 shares of the company's stock, valued at approximately $819,708. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Steven J. Gomo sold 25,000 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the transaction, the director now owns 3,962 shares of the company's stock, valued at $254,003.82. The disclosure for this sale can be found here. In the last three months, insiders sold 129,506 shares of company stock worth $8,270,938. Company insiders own 0.46% of the company's stock.

Institutional Investors Weigh In On Nutanix

A number of institutional investors and hedge funds have recently bought and sold shares of NTNX. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Nutanix in the fourth quarter worth $29,000. GAMMA Investing LLC acquired a new position in Nutanix in the 4th quarter valued at about $30,000. Kapitalo Investimentos Ltda purchased a new position in Nutanix in the 4th quarter valued at about $37,000. Harvest Fund Management Co. Ltd purchased a new position in Nutanix in the 4th quarter valued at about $40,000. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Nutanix during the 1st quarter worth about $64,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Company Profile

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.