Nutanix (NASDAQ:NTNX) Price Target Increased to $75.00 by Analysts at Susquehanna

Nutanix (NASDAQ:NTNX - Free Report) had its price target lifted by Susquehanna from $60.00 to $75.00 in a report issued on Wednesday, Benzinga reports. They currently have a positive rating on the technology company's stock.

Several other research analysts also recently issued reports on NTNX. Needham & Company LLC upped their target price 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. Morgan Stanley upped their target price on shares of Nutanix from $58.00 to $63.00 and gave the stock an equal weight rating in a research note on Wednesday, March 27th. KeyCorp upped their target price on shares of Nutanix from $68.00 to $69.00 and gave the stock an overweight rating in a research note on Thursday, February 29th. Piper Sandler increased their price objective on shares of Nutanix from $67.00 to $76.00 and gave the company an overweight rating in a research report on Thursday, February 29th. Finally, Royal Bank of Canada increased their price objective on shares of Nutanix from $68.00 to $72.00 and gave the company an outperform rating in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $65.17.

Nutanix Price Performance

NASDAQ:NTNX traded up $1.07 during mid-day trading on Wednesday, hitting $65.57. 1,674,508 shares of the company's stock were exchanged, compared to its average volume of 2,810,422. Nutanix has a one year low of $23.34 and a one year high of $66.99. The business has a fifty day moving average price of $61.31 and a 200 day moving average price of $49.37. The company has a market cap of $16.02 billion, a PE ratio of -182.14 and a beta of 1.29.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 EPS for the quarter. The business had revenue of $565.23 million for the quarter, compared to the consensus estimate of $551.82 million. On average, equities analysts forecast that Nutanix will post -0.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Tyler Wall sold 15,000 shares of the company's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $62.25, for a total transaction of $933,750.00. Following the completion of the transaction, the insider now owns 13,168 shares in the company, valued at $819,708. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Nutanix news, insider Tyler Wall sold 15,000 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $62.25, for a total transaction of $933,750.00. Following the completion of the transaction, the insider now owns 13,168 shares in the company, valued at $819,708. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven J. Gomo sold 25,000 shares of the stock in a transaction on 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 approximately $254,003.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,477 shares of company stock worth $4,836,249. 0.46% of the stock is owned by insiders.

Hedge Funds Weigh In On Nutanix

Several institutional investors have recently bought and sold shares of NTNX. Segantii Capital Management Ltd bought a new stake in shares of Nutanix in the 3rd quarter worth about $2,672,000. Lisanti Capital Growth LLC bought a new stake in shares of Nutanix in the 3rd quarter worth about $7,135,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Nutanix by 641.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 57,174 shares of the technology company's stock worth $1,994,000 after acquiring an additional 49,465 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Nutanix by 1,038.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 102,983 shares of the technology company's stock worth $3,592,000 after acquiring an additional 93,934 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings in shares of Nutanix by 459.9% in the 3rd quarter. Jump Financial LLC now owns 44,818 shares of the technology company's stock worth $1,563,000 after acquiring an additional 36,813 shares during the last quarter. 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.