Nutanix, Inc. (NASDAQ:NTNX) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Nutanix, Inc. (NASDAQ:NTNX - Get Free Report) have been given an average rating of "Moderate Buy" by the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $90.38.

A number of research firms have issued reports on NTNX. Wall Street Zen raised shares of Nutanix from a "buy" rating to a "strong-buy" rating in a report on Friday, May 30th. Northland Securities raised shares of Nutanix from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. Morgan Stanley reissued an "overweight" rating and set a $90.00 target price (up previously from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. UBS Group raised their target price on shares of Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Royal Bank of Canada raised their target price on shares of Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th.

Insider Buying and Selling at Nutanix

In other news, CEO Rajiv Ramaswami sold 61,057 shares of Nutanix stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total value of $4,823,503.00. Following the sale, the chief executive officer now owns 497,309 shares in the company, valued at $39,287,411. This trade represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.80% of the stock is owned by corporate insiders.

Institutional Trading of Nutanix

Institutional investors have recently modified their holdings of the stock. Twin Tree Management LP acquired a new stake in shares of Nutanix in the first quarter valued at about $29,000. GW&K Investment Management LLC acquired a new position in shares of Nutanix in the 1st quarter worth approximately $30,000. Harbour Investments Inc. increased its stake in Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after buying an additional 418 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Nutanix by 78.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock worth $30,000 after buying an additional 191 shares during the period. Finally, Colonial Trust Co SC purchased a new stake in Nutanix during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Trading Down 1.6%

NASDAQ NTNX opened at $77.11 on Friday. The company has a fifty day simple moving average of $70.93 and a two-hundred day simple moving average of $69.08. The stock has a market cap of $20.56 billion, a P/E ratio of -220.31, a P/E/G ratio of 11.80 and a beta of 0.69. Nutanix has a 12-month low of $43.35 and a 12-month high of $83.36.

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.

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