Nutanix, Inc. (NASDAQ:NTNX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Nutanix, Inc. (NASDAQ:NTNXGet Free Report) have received an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $68.54.

Several brokerages recently weighed in on NTNX. Piper Sandler increased their price target on Nutanix from $67.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Susquehanna boosted their price objective on shares of Nutanix from $60.00 to $75.00 and gave the stock a “positive” rating in a research report on Wednesday, April 10th. Barclays raised their price target on shares of Nutanix from $68.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday. Raymond James upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating and set a $72.00 target price for the company in a report on Wednesday, May 8th. Finally, KeyCorp boosted their price objective 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.

Read Our Latest Report on NTNX

Insider Activity at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 53,029 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total value of $3,434,688.33. Following the transaction, the chief financial officer now directly owns 144,635 shares in the company, valued at $9,368,008.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Nutanix news, insider Tyler Wall sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $62.25, for a total value of $933,750.00. Following the transaction, the insider now directly owns 13,168 shares of the company’s stock, valued at $819,708. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Rukmini Sivaraman sold 53,029 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the transaction, the chief financial officer now owns 144,635 shares in the company, valued at approximately $9,368,008.95. The disclosure for this sale can be found here. Insiders have sold a total of 129,506 shares of company stock valued at $8,270,938 over the last quarter. 0.46% of the stock is owned by company insiders.

Institutional Trading of Nutanix

Large investors have recently bought and sold shares of the business. Sonen Capital LLC raised its stake in shares of Nutanix by 1.8% during the 3rd quarter. Sonen Capital LLC now owns 18,118 shares of the technology company’s stock worth $632,000 after purchasing an additional 324 shares in the last quarter. M&T Bank Corp grew its position in Nutanix by 3.6% during the fourth quarter. M&T Bank Corp now owns 9,270 shares of the technology company’s stock worth $442,000 after buying an additional 325 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Nutanix by 2.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,433 shares of the technology company’s stock worth $1,138,000 after purchasing an additional 369 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in Nutanix by 49.7% in the 1st quarter. Venturi Wealth Management LLC now owns 1,208 shares of the technology company’s stock valued at $75,000 after buying an additional 401 shares during the period. Finally, Motley Fool Asset Management LLC raised its position in Nutanix by 10.7% during the first quarter. Motley Fool Asset Management LLC now owns 5,080 shares of the technology company’s stock valued at $314,000 after purchasing an additional 489 shares in the last quarter. 85.25% of the stock is owned by institutional investors.

Nutanix Stock Performance

NTNX opened at $72.85 on Tuesday. The stock has a market capitalization of $17.80 billion, a PE ratio of -202.36 and a beta of 1.27. Nutanix has a one year low of $26.47 and a one year high of $73.69. The business’s 50 day moving average price is $64.54 and its 200 day moving average price is $56.15.

Nutanix (NASDAQ:NTNXGet Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $565.23 million during the quarter, compared to analysts’ expectations of $551.82 million. As a group, equities research analysts forecast that Nutanix will post -0.04 earnings per share for the current fiscal year.

Nutanix Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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