Nutanix Inc. (NASDAQ:NTNX)‘s stock had its “buy” rating reaffirmed by research analysts at Oppenheimer Holdings, Inc. in a research note issued on Thursday. They currently have a $34.00 price target on the technology company’s stock. Oppenheimer Holdings, Inc.’s target price suggests a potential upside of 53.43% from the stock’s previous close.

NTNX has been the subject of several other reports. BTIG Research reaffirmed a “hold” rating and set a $22.00 target price on shares of Nutanix in a research report on Friday, September 1st. Bank of America Corporation reaffirmed a “buy” rating and set a $27.00 target price on shares of Nutanix in a research report on Tuesday, May 30th. JMP Securities reaffirmed an “outperform” rating and set a $35.00 target price on shares of Nutanix in a research report on Sunday. Credit Suisse Group reaffirmed a “buy” rating and set a $38.00 target price on shares of Nutanix in a research report on Friday, July 28th. Finally, Goldman Sachs Group, Inc. (The) raised Nutanix from a “neutral” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Monday, May 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Nutanix presently has a consensus rating of “Buy” and an average price target of $30.96.

Nutanix (NASDAQ NTNX) traded down 1.42% during trading on Thursday, reaching $22.16. 4,589,447 shares of the company’s stock were exchanged. The firm’s market cap is $3.36 billion. Nutanix has a 12 month low of $14.38 and a 12 month high of $46.78. The firm’s 50-day moving average price is $22.06 and its 200-day moving average price is $20.05. Nutanix also was the recipient of some unusual options trading on Monday. Investors purchased 10,474 call options on the stock. This is an increase of 421% compared to the average daily volume of 2,010 call options.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.05. Nutanix had a negative return on equity of 248.46% and a negative net margin of 59.72%. The firm had revenue of $226.10 million during the quarter, compared to analyst estimates of $216 million. The firm’s quarterly revenue was up 61.7% on a year-over-year basis. On average, equities research analysts anticipate that Nutanix will post ($1.05) EPS for the current year.

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In other Nutanix news, CFO Duston Williams sold 80,244 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $17.23, for a total value of $1,382,604.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Rajiv Mirani sold 20,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $17.16, for a total value of $343,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,216,967 shares of company stock valued at $46,693,393.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tenzing Global Management LLC boosted its stake in Nutanix by 7.1% in the 1st quarter. Tenzing Global Management LLC now owns 75,000 shares of the technology company’s stock worth $1,408,000 after purchasing an additional 5,000 shares during the period. Quantbot Technologies LP boosted its stake in Nutanix by 66.5% in the 1st quarter. Quantbot Technologies LP now owns 14,202 shares of the technology company’s stock worth $266,000 after purchasing an additional 5,673 shares during the period. United Capital Financial Advisers LLC boosted its stake in Nutanix by 7.1% in the 1st quarter. United Capital Financial Advisers LLC now owns 109,243 shares of the technology company’s stock worth $2,050,000 after purchasing an additional 7,255 shares during the period. Washington Capital Management Inc. boosted its stake in Nutanix by 66.7% in the 2nd quarter. Washington Capital Management Inc. now owns 20,000 shares of the technology company’s stock worth $403,000 after purchasing an additional 8,000 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in Nutanix by 6.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 135,605 shares of the technology company’s stock worth $2,732,000 after purchasing an additional 8,066 shares during the period. Institutional investors and hedge funds own 32.20% 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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