Nutanix (NASDAQ:NTNX) Upgraded at StockNews.com

StockNews.com upgraded shares of Nutanix (NASDAQ:NTNX) from a buy rating to a strong-buy rating in a report released on Saturday.

Other equities research analysts have also issued reports about the stock. Barclays increased their target price on shares of Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Oppenheimer assumed coverage on shares of Nutanix in a research report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price objective on the stock. Northland Securities reaffirmed a “market perform” rating and issued a $77.00 target price (up previously from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Raymond James decreased their price target on Nutanix from $83.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Finally, Morgan Stanley upped their price objective on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $78.87.

Nutanix Stock Performance

NASDAQ:NTNX opened at $62.97 on Friday. The stock has a 50-day simple moving average of $65.51 and a two-hundred day simple moving average of $60.74. The firm has a market capitalization of $16.87 billion, a PE ratio of -179.91, a P/E/G ratio of 10.88 and a beta of 1.16. Nutanix has a 52-week low of $43.35 and a 52-week high of $75.80.

Insider Buying and Selling

In related news, CEO Rajiv Ramaswami sold 63,901 shares of the stock in a transaction dated Monday, December 16th. The shares were 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 owns 649,034 shares of the company’s stock, valued at approximately $42,738,888.90. This trade represents a 8.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Rukmini Sivaraman sold 11,810 shares of the business’s 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 in the company, valued at $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. Over the last 90 days, insiders have sold 82,065 shares of company stock worth $5,405,141. Insiders own 6.80% of the company’s stock.

Institutional Trading of Nutanix

Several hedge funds and other institutional investors have recently bought and sold shares of NTNX. Bain Capital Investors LLC purchased a new stake in shares of Nutanix in the third quarter valued at $998,601,000. Driehaus Capital Management LLC raised its position in Nutanix by 123.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock worth $81,593,000 after purchasing an additional 794,215 shares during the period. Two Sigma Advisers LP raised its position in Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after purchasing an additional 695,567 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Nutanix by 15.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock worth $166,886,000 after purchasing an additional 374,328 shares during the last quarter. Finally, Parsifal Capital Management LP boosted its position in shares of Nutanix by 28.1% during the third quarter. Parsifal Capital Management LP now owns 1,075,776 shares of the technology company’s stock valued at $63,740,000 after buying an additional 235,966 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.