Nutanix Inc. (NASDAQ:NTNX)‘s stock had its “overweight” rating restated by stock analysts at Piper Jaffray Companies in a report released on Thursday. They presently have a $28.00 price objective on the technology company’s stock. Piper Jaffray Companies’ target price suggests a potential upside of 29.57% from the company’s previous close.

A number of other research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Nutanix from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Friday, September 8th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $34.00 target price on shares of Nutanix in a report on Thursday, September 7th. BTIG Research reissued a “hold” rating and issued a $22.00 target price on shares of Nutanix in a report on Friday, September 1st. JMP Securities reissued an “outperform” rating and issued a $35.00 target price on shares of Nutanix in a report on Sunday, September 3rd. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $21.00 target price (up previously from $19.00) on shares of Nutanix in a report on Sunday, September 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $30.69.

Nutanix (NTNX) traded up 0.56% during midday trading on Thursday, reaching $21.61. 2,589,569 shares of the company’s stock traded hands. Nutanix has a 52-week low of $21.21 and a 52-week high of $46.78. The company’s market cap is $3.30 billion. The stock has a 50-day moving average of $22.00 and a 200 day moving average of $26.99.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Thursday, August 31st. The technology company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.05. The firm had revenue of $226.10 million during the quarter, compared to analysts’ expectations of $216.00 million. Nutanix had a negative net margin of 59.72% and a negative return on equity of 248.46%. The business’s revenue for the quarter was up 61.7% compared to the same quarter last year. On average, analysts anticipate that Nutanix will post ($0.96) earnings per share for the current fiscal year.

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In other Nutanix news, President Sudheesh Nair Vadakkedath sold 25,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $21.99, for a total transaction of $549,750.00. Following the completion of the sale, the president now owns 110,519 shares of the company’s stock, valued at approximately $2,430,312.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kenneth W. Long III sold 30,000 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $24.00, for a total transaction of $720,000.00. Following the sale, the vice president now directly owns 240,234 shares of the company’s stock, valued at approximately $5,765,616. The disclosure for this sale can be found here. Insiders have sold a total of 2,213,723 shares of company stock valued at $47,321,199 in the last three months.

Large investors have recently added to or reduced their stakes in the business. Tenzing Global Management LLC grew its position in shares of Nutanix by 7.1% during the 1st quarter. Tenzing Global Management LLC now owns 75,000 shares of the technology company’s stock worth $1,408,000 after buying an additional 5,000 shares during the period. Quantbot Technologies LP grew its position in shares of Nutanix by 66.5% during the 1st quarter. Quantbot Technologies LP now owns 14,202 shares of the technology company’s stock worth $266,000 after buying an additional 5,673 shares during the period. United Capital Financial Advisers LLC grew its position in shares of Nutanix by 7.1% during the 1st quarter. United Capital Financial Advisers LLC now owns 109,243 shares of the technology company’s stock worth $2,050,000 after buying an additional 7,255 shares during the period. Washington Capital Management Inc. grew its position in shares of Nutanix by 66.7% during the 2nd quarter. Washington Capital Management Inc. now owns 20,000 shares of the technology company’s stock worth $403,000 after buying an additional 8,000 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in shares of Nutanix by 6.3% during 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 buying an additional 8,066 shares during the period. 32.20% of the stock is owned by institutional investors and hedge funds.

About Nutanix

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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