Nutanix (NASDAQ:NTNX) Lowered to Market Perform Rating by Raymond James

Nutanix (NASDAQ:NTNX - Get Free Report) was downgraded by analysts at Raymond James from an "outperform" rating to a "market perform" rating in a report released on Tuesday, Marketbeat reports.

A number of other equities research analysts have also recently commented on NTNX. Oppenheimer lifted their price objective on Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. UBS Group boosted their price target on Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Barclays set a $94.00 price target on Nutanix and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC upped their target price on Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.23.

Nutanix Trading Down 0.1%

NTNX traded down $0.10 during midday trading on Tuesday, reaching $79.76. The company's stock had a trading volume of 1,713,214 shares, compared to its average volume of 2,570,737. The stock has a market cap of $21.27 billion, a P/E ratio of -227.89, a PEG ratio of 11.80 and a beta of 0.70. The company has a fifty day simple moving average of $69.89 and a 200 day simple moving average of $68.58. Nutanix has a twelve month low of $43.35 and a twelve month high of $83.36.

Insider Activity at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 61,057 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total transaction 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 represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the completion of the sale, the director now owns 11,354,032 shares in the company, valued at approximately $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 sold 5,575,797 shares of company stock worth $415,742,123 in the last three months. 6.80% of the stock is owned by company insiders.

Institutional Trading of Nutanix

A number of hedge funds have recently modified their holdings of the business. Merit Financial Group LLC acquired a new stake in Nutanix during the fourth quarter worth about $399,000. Crossmark Global Holdings Inc. acquired a new stake in Nutanix during the 4th quarter worth $2,238,000. Perpetual Ltd acquired a new position in shares of Nutanix in the 4th quarter valued at $520,000. Nisa Investment Advisors LLC grew its holdings in shares of Nutanix by 321.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 57,883 shares of the technology company's stock valued at $3,541,000 after buying an additional 44,155 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in Nutanix by 5.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 36,206 shares of the technology company's stock worth $2,215,000 after purchasing an additional 1,723 shares during the period. Hedge funds and other institutional investors 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.