Nutanix, Inc. (NASDAQ:NTNX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Nutanix, Inc. (NASDAQ:NTNX) have earned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $79.47.

Several research analysts have issued reports on NTNX shares. UBS Group assumed coverage on Nutanix in a report on Thursday, December 12th. They set a “buy” rating and a $81.00 price objective on the stock. Morgan Stanley upped their price target on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Northland Securities reiterated a “market perform” rating and issued a $77.00 price target (up previously from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Piper Sandler boosted their price objective on Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, StockNews.com raised shares of Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 28th.

Insider Transactions at Nutanix

In related news, CEO Rajiv Ramaswami sold 63,901 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the transaction, the chief executive officer now directly owns 649,034 shares in the company, valued at approximately $42,738,888.90. The trade was a 8.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Rukmini Sivaraman sold 11,810 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total value of $786,900.30. Following the sale, the chief financial officer now directly owns 190,882 shares of the company’s stock, valued at approximately $12,718,467.66. The trade was a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 81,771 shares of company stock valued at $5,387,045 over the last three months. 6.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Nutanix

Institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its stake in shares of Nutanix by 1.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,257 shares of the technology company’s stock valued at $1,259,000 after purchasing an additional 329 shares during the period. Doliver Advisors LP grew its holdings in shares of Nutanix by 17.9% during the fourth quarter. Doliver Advisors LP now owns 6,820 shares of the technology company’s stock worth $417,000 after buying an additional 1,033 shares in the last quarter. CWA Asset Management Group LLC raised its position in Nutanix by 30.7% in the 4th quarter. CWA Asset Management Group LLC now owns 23,283 shares of the technology company’s stock valued at $1,424,000 after buying an additional 5,475 shares during the last quarter. Everence Capital Management Inc. bought a new stake in Nutanix in the 4th quarter valued at approximately $451,000. Finally, GAMMA Investing LLC lifted its stake in Nutanix by 24.4% in the 4th quarter. GAMMA Investing LLC now owns 1,691 shares of the technology company’s stock valued at $103,000 after acquiring an additional 332 shares in the last quarter. 85.25% of the stock is owned by institutional investors.

Nutanix Trading Down 0.3 %

Shares of NTNX stock opened at $62.23 on Wednesday. Nutanix has a 1 year low of $43.35 and a 1 year high of $75.80. The firm’s 50 day moving average is $66.33 and its 200-day moving average is $60.31. The firm has a market capitalization of $16.67 billion, a price-to-earnings ratio of -177.80, a PEG ratio of 10.34 and a beta of 1.16.

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.