Nutanix (NASDAQ:NTNX) Price Target Raised to $95.00

Nutanix (NASDAQ:NTNX - Get Free Report) had its target price boosted by equities researchers at Susquehanna from $90.00 to $95.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "positive" rating on the technology company's stock. Susquehanna's target price would indicate a potential upside of 26.23% from the stock's previous close.

NTNX has been the subject of several other reports. Raymond James cut Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Morgan Stanley reiterated an "overweight" rating and set a $90.00 price target (up from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. Needham & Company LLC reiterated a "buy" rating and set a $92.00 price target on shares of Nutanix in a research report on Thursday. Oppenheimer lifted their price target on Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, UBS Group lifted their price target on Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $90.38.

Nutanix Stock Down 0.8%

Shares of Nutanix stock traded down $0.59 on Thursday, reaching $75.26. 4,886,279 shares of the stock were exchanged, compared to its average volume of 2,556,948. Nutanix has a twelve month low of $43.35 and a twelve month high of $83.36. The firm has a market capitalization of $20.07 billion, a price-to-earnings ratio of -215.03, a PEG ratio of 11.80 and a beta of 0.70. The business has a 50 day moving average price of $70.30 and a two-hundred day moving average price of $68.82.

Insider Buying and Selling

In other Nutanix news, CEO Rajiv Ramaswami sold 7,740 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $75.00, for a total transaction of $580,500.00. Following the transaction, the chief executive officer now owns 558,366 shares of the company's stock, valued at approximately $41,877,450. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value of $409,805,000.00. Following the transaction, the director now directly owns 11,354,032 shares in the company, valued at $845,988,924.32. This trade represents a 32.63% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,568,797 shares of company stock worth $415,209,003. 6.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Nutanix

Large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Nutanix by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company's stock valued at $88,271,000 after purchasing an additional 33,980 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Nutanix by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company's stock valued at $453,000 after purchasing an additional 375 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Nutanix by 1,555.9% in the 4th quarter. Pacer Advisors Inc. now owns 74,203 shares of the technology company's stock valued at $4,540,000 after purchasing an additional 69,722 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Nutanix in the 4th quarter valued at $299,000. Finally, Sanctuary Advisors LLC lifted its stake in shares of Nutanix by 3.5% in the 4th quarter. Sanctuary Advisors LLC now owns 9,698 shares of the technology company's stock valued at $593,000 after purchasing an additional 325 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Company Profile

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.