Nutanix (NASDAQ:NTNX) received a $37.00 target price from equities researchers at Raymond James Financial in a research report issued on Monday. The brokerage currently has a “buy” rating on the technology company’s stock. Raymond James Financial’s price target indicates a potential upside of 8.50% from the stock’s current price.

Other research analysts have also issued reports about the company. Vetr lowered Nutanix from a “strong-buy” rating to a “buy” rating and set a $38.31 target price for the company. in a report on Monday. Piper Jaffray Companies reiterated an “overweight” rating and issued a $28.00 target price on shares of Nutanix in a report on Thursday, September 14th. Maxim Group lifted their target price on Nutanix from $39.00 to $51.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley raised their price target on Nutanix from $22.00 to $35.00 and gave the company a “hold” rating in a research note on Friday. Finally, Jefferies Group assumed coverage on Nutanix in a research note on Thursday, August 17th. They issued a “buy” rating and a $30.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Nutanix currently has an average rating of “Buy” and an average price target of $34.14.

Nutanix (NASDAQ NTNX) traded up $0.06 on Monday, hitting $34.10. The stock had a trading volume of 3,602,859 shares, compared to its average volume of 3,163,510. Nutanix has a 1-year low of $14.38 and a 1-year high of $38.28.

Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.10. The firm had revenue of $275.60 million during the quarter, compared to analyst estimates of $267.02 million. Nutanix had a negative return on equity of 363.55% and a negative net margin of 40.81%. Nutanix’s revenue was up 46.1% compared to the same quarter last year. During the same period last year, the business posted ($0.37) earnings per share. equities research analysts predict that Nutanix will post -2.19 EPS for the current year.

In related news, President Sudheesh Nair Vadakkedath sold 50,000 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $34.07, for a total value of $1,703,500.00. Following the transaction, the president now owns 228,330 shares in the company, valued at approximately $7,779,203.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kenneth W. Long III sold 30,000 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $34.00, for a total value of $1,020,000.00. Following the completion of the transaction, the vice president now owns 213,032 shares in the company, valued at approximately $7,243,088. The disclosure for this sale can be found here. Insiders have sold 1,791,869 shares of company stock worth $50,409,588 in the last quarter. Insiders own 19.81% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Thompson Davis & CO. Inc. increased its position in 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 increased its position in Nutanix by 3,147.6% in the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after acquiring an additional 8,530 shares during the period. SG Americas Securities LLC acquired a new position in Nutanix in the 2nd quarter valued at about $186,000. Stifel Financial Corp acquired a new position in Nutanix in the 3rd quarter valued at about $215,000. Finally, First Allied Advisory Services Inc. acquired a new position in Nutanix in the 3rd quarter valued at about $215,000. Hedge funds and other institutional investors own 35.35% 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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