Nutanix (NASDAQ:NTNX) Given New $38.00 Price Target at Royal Bank of Canada

Nutanix (NASDAQ:NTNX – Get Rating) had its price objective increased by Royal Bank of Canada from $33.00 to $38.00 in a research note released on Thursday morning, The Fly reports.

NTNX has been the subject of several other reports. Susquehanna reiterated a positive rating and issued a $34.00 price target on shares of Nutanix in a report on Thursday, March 9th. Needham & Company LLC restated a buy rating and set a $33.00 price objective on shares of Nutanix in a report on Tuesday, March 7th. KeyCorp upped their price objective on Nutanix from $33.00 to $38.00 in a report on Thursday. OTR Global downgraded Nutanix to a positive rating in a report on Thursday, May 18th. Finally, StockNews.com began coverage on Nutanix in a report on Thursday, May 18th. They issued a buy rating for the company. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Nutanix has a consensus rating of Moderate Buy and a consensus price target of $33.62.

Nutanix Stock Up 16.8 %

NTNX stock opened at $29.68 on Thursday. Nutanix has a 1 year low of $13.44 and a 1 year high of $33.73. The stock’s 50 day moving average price is $25.10 and its 200 day moving average price is $27.01.

Hedge Funds Weigh In On Nutanix

Large investors have recently bought and sold shares of the business. Arizona State Retirement System lifted its holdings in Nutanix by 5.6% in the fourth quarter. Arizona State Retirement System now owns 63,290 shares of the technology company’s stock worth $1,649,000 after acquiring an additional 3,352 shares during the last quarter. Trexquant Investment LP increased its stake in shares of Nutanix by 42.7% during the third quarter. Trexquant Investment LP now owns 171,959 shares of the technology company’s stock valued at $3,582,000 after acquiring an additional 51,472 shares during the period. Twinbeech Capital LP bought a new stake in Nutanix during the third quarter worth approximately $2,003,000. Ensign Peak Advisors Inc boosted its holdings in Nutanix by 7.4% during the third quarter. Ensign Peak Advisors Inc now owns 58,800 shares of the technology company’s stock worth $1,225,000 after buying an additional 4,050 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in Nutanix by 3.0% during the third quarter. Treasurer of the State of North Carolina now owns 91,757 shares of the technology company’s stock worth $1,911,000 after buying an additional 2,690 shares in the last quarter. Institutional investors own 76.95% of the company’s stock.

About Nutanix

(Get Rating)

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.