Investment analysts at Jefferies Group LLC started coverage on shares of Nutanix Inc. (NASDAQ:NTNX) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage set a “buy” rating and a $30.00 price target on the technology company’s stock. Jefferies Group LLC’s target price suggests a potential upside of 38.06% from the stock’s current price.

Several other research analysts also recently issued reports on NTNX. Pacific Crest reissued an “overweight” rating and set a $30.00 price objective on shares of Nutanix in a research report on Monday, July 3rd. Bank of America Corporation reissued a “buy” rating and set a $27.00 price objective on shares of Nutanix in a research report on Tuesday, May 30th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $38.00 target price on shares of Nutanix in a report on Thursday, May 25th. William Blair reissued an “outperform” rating on shares of Nutanix in a report on Tuesday, May 2nd. Finally, Maxim Group reissued a “buy” rating and set a $41.00 price objective on shares of Nutanix in a report on Saturday, June 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $31.41.

Shares of Nutanix (NASDAQ:NTNX) traded up 3.2126% during trading on Thursday, reaching $22.4281. 1,481,889 shares of the company were exchanged. The firm has a 50-day moving average price of $21.40 and a 200-day moving average price of $21.06. Nutanix has a 1-year low of $14.38 and a 1-year high of $46.78. The stock’s market capitalization is $3.40 billion.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Thursday, May 25th. The technology company reported ($0.77) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.45) by $0.32. Nutanix had a negative net margin of 61.32% and a negative return on equity of 5,196.17%. The firm had revenue of $191.76 million during the quarter, compared to analyst estimates of $186.56 million. The business’s revenue for the quarter was up 67.2% on a year-over-year basis. Equities research analysts predict that Nutanix will post ($1.45) earnings per share for the current fiscal year.

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In other news, insider Sunil Potti sold 55,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $17.33, for a total transaction of $953,150.00. Following the completion of the transaction, the insider now directly owns 144,165 shares in the company, valued at approximately $2,498,379.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Kenneth W. Long III sold 30,000 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $19.76, for a total value of $592,800.00. Following the transaction, the vice president now owns 239,074 shares of the company’s stock, valued at $4,724,102.24. The disclosure for this sale can be found here. Insiders have sold 3,563,737 shares of company stock worth $71,765,588 in the last quarter.

Institutional investors have recently bought and sold shares of the company. FMR LLC boosted its stake in Nutanix by 320.6% in the second quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock valued at $242,686,000 after buying an additional 9,180,123 shares during the last quarter. Sapphire Ventures L.L.C. bought a new stake in shares of Nutanix during the first quarter worth about $51,506,000. Franklin Resources Inc. bought a new stake in shares of Nutanix during the second quarter worth about $55,063,000. Raging Capital Management LLC bought a new stake in shares of Nutanix during the first quarter worth about $27,315,000. Finally, Vanguard Group Inc. boosted its stake in shares of Nutanix by 65.5% in the first quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock worth $61,480,000 after buying an additional 1,295,813 shares in the last quarter. Institutional investors own 19.64% of the company’s stock.

Nutanix Company Profile

Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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