Nutanix Inc. (NASDAQ:NTNX) has earned a consensus rating of “Buy” from the twenty-six brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $34.74.

Several equities research analysts have recently weighed in on NTNX shares. Zacks Investment Research raised Nutanix from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Friday, September 8th. Oppenheimer restated a “buy” rating and set a $34.00 target price on shares of Nutanix in a research report on Thursday, September 7th. KeyCorp restated a “buy” rating and set a $32.00 target price on shares of Nutanix in a research report on Friday, September 1st. Piper Jaffray Companies restated a “buy” rating and set a $28.00 target price (up previously from $27.00) on shares of Nutanix in a research report on Thursday, August 31st. Finally, Bank of America restated a “buy” rating and set a $27.00 target price on shares of Nutanix in a research report on Thursday, August 31st.

In other Nutanix news, insider Sunil Potti sold 10,000 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $21.56, for a total value of $215,600.00. Following the transaction, the insider now owns 113,603 shares in the company, valued at $2,449,280.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Sudheesh Nair Vadakkedath sold 50,000 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $21.39, for a total value of $1,069,500.00. Following the completion of the transaction, the president now owns 310,519 shares in the company, valued at approximately $6,642,001.41. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,033,569 shares of company stock worth $60,668,348. Corporate insiders own 19.81% of the company’s stock.

A number of large investors have recently made changes to their positions in NTNX. Thompson Davis & CO. Inc. lifted its holdings in shares of Nutanix by 320.0% in the third quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock valued at $118,000 after purchasing an additional 4,000 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Nutanix by 3,147.6% in the second quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after purchasing an additional 8,530 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Nutanix in the second quarter valued at approximately $186,000. PNC Financial Services Group Inc. bought a new position in shares of Nutanix in the second quarter valued at approximately $208,000. Finally, Stifel Financial Corp bought a new position in shares of Nutanix in the third quarter valued at approximately $215,000. Institutional investors and hedge funds own 35.35% of the company’s stock.

Shares of Nutanix (NTNX) opened at $35.34 on Thursday. Nutanix has a one year low of $14.38 and a one year high of $38.28.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.10. The company had revenue of $275.60 million during the quarter, compared to analysts’ expectations of $267.02 million. Nutanix had a negative return on equity of 363.55% and a negative net margin of 40.81%. The business’s quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.37) earnings per share. equities research analysts expect that Nutanix will post -1.73 EPS for the current fiscal year.

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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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