Nutanix Inc. (NASDAQ:NTNX) was upgraded by stock analysts at Raymond James Financial, Inc. from a “market perform” rating to an “outperform” rating in a report released on Monday.

Several other brokerages also recently commented on NTNX. Vetr upgraded shares of Nutanix from a “buy” rating to a “strong-buy” rating and set a $32.53 price objective for the company in a research report on Tuesday, October 31st. Royal Bank Of Canada reiterated an “outperform” rating and set a $34.00 price target on shares of Nutanix in a report on Friday, October 13th. William Blair reiterated an “outperform” rating on shares of Nutanix in a report on Friday, October 13th. Piper Jaffray Companies set a $28.00 price target on shares of Nutanix and gave the stock a “buy” rating in a report on Monday, October 23rd. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $34.00 price target on shares of Nutanix in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $30.17.

Shares of Nutanix (NTNX) traded up $1.22 on Monday, reaching $28.55. 928,395 shares of the company’s stock traded hands, compared to its average volume of 4,070,000. Nutanix has a 1-year low of $14.38 and a 1-year high of $34.96.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.05. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The business had revenue of $226.10 million during the quarter, compared to the consensus estimate of $216.00 million. Nutanix’s quarterly revenue was up 61.7% on a year-over-year basis. equities research analysts anticipate that Nutanix will post -2.19 EPS for the current year.

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In other Nutanix news, SVP Rajiv Mirani sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $21.55, for a total transaction of $431,000.00. Following the sale, the senior vice president now owns 271,000 shares of the company’s stock, valued at $5,840,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Sudheesh Nair Vadakkedath sold 90,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $24.48, for a total transaction of $2,203,200.00. The disclosure for this sale can be found here. Insiders sold 536,891 shares of company stock valued at $12,537,319 over the last 90 days.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA boosted its position in Nutanix by 551.9% during the third quarter. BNP Paribas Arbitrage SA now owns 27,541 shares of the technology company’s stock valued at $617,000 after acquiring an additional 23,316 shares during the last quarter. Frontier Capital Management Co. LLC bought a new stake in Nutanix during the third quarter valued at $7,921,000. Artemis Investment Management LLP boosted its position in Nutanix by 17.9% during the third quarter. Artemis Investment Management LLP now owns 844,784 shares of the technology company’s stock valued at $18,910,000 after acquiring an additional 128,493 shares during the last quarter. Thompson Davis & CO. Inc. boosted its position in Nutanix by 320.0% during the third quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock valued at $118,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Tocqueville Asset Management L.P. bought a new stake in Nutanix during the third quarter valued at $753,000. 31.48% of the stock is currently owned by institutional investors and hedge funds.

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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