Nutanix (NASDAQ:NTNX) had its price objective boosted by research analysts at Maxim Group from $39.00 to $51.00 in a research note issued on Friday. The firm presently has a “buy” rating on the technology company’s stock. Maxim Group’s target price suggests a potential upside of 55.49% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Nutanix from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Friday, September 8th. Oppenheimer reissued a “buy” rating and set a $34.00 price objective on shares of Nutanix in a report on Thursday, September 7th. Robert W. Baird reissued a “buy” rating and set a $28.00 price objective on shares of Nutanix in a report on Friday, September 1st. KeyCorp reissued a “buy” rating and set a $32.00 price objective on shares of Nutanix in a report on Friday, September 1st. Finally, Piper Jaffray Companies restated a “buy” rating and set a $28.00 target price (up from $27.00) on shares of Nutanix in a research report on Thursday, August 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $32.91.

Shares of Nutanix (NTNX) traded up $0.28 during mid-day trading on Friday, hitting $32.80. 5,605,400 shares of the stock were exchanged, compared to its average volume of 3,062,181. Nutanix has a 12-month low of $14.38 and a 12-month high of $35.00.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Thursday, November 30th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The firm had revenue of $275.60 million during the quarter, compared to the consensus estimate of $267.02 million. During the same quarter in the previous year, the firm posted ($0.37) EPS. The company’s revenue for the quarter was up 46.1% compared to the same quarter last year. sell-side analysts forecast that Nutanix will post -2.19 earnings per share for the current year.

In related news, VP Kenneth W. Long III sold 30,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $29.11, for a total transaction of $873,300.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sunil Potti sold 10,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $21.56, for a total transaction of $215,600.00. Following the transaction, the insider now owns 113,603 shares in the company, valued at $2,449,280.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,818,869 shares of company stock worth $50,980,098. Insiders own 19.81% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brown Advisory Inc. boosted its holdings in Nutanix by 4.4% in the 3rd quarter. Brown Advisory Inc. now owns 76,570 shares of the technology company’s stock valued at $1,714,000 after purchasing an additional 3,254 shares during the last quarter. Thompson Davis & CO. Inc. raised its stake in shares of Nutanix by 320.0% in the 3rd 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 period. Legal & General Group Plc raised its stake in shares of Nutanix by 54.7% in the 3rd quarter. Legal & General Group Plc now owns 13,615 shares of the technology company’s stock valued at $305,000 after acquiring an additional 4,814 shares during the period. Picton Mahoney Asset Management purchased a new stake in shares of Nutanix in the 3rd quarter valued at approximately $185,000. Finally, Tenzing Global Management LLC raised its stake in shares of Nutanix by 7.1% in the 1st quarter. Tenzing Global Management LLC now owns 75,000 shares of the technology company’s stock valued at $1,408,000 after acquiring an additional 5,000 shares during the period. Hedge funds and other institutional investors own 35.34% of the company’s stock.

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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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