Nutanix (NASDAQ:NTNX) Price Target Raised to $39.00 at Northland Securities

Nutanix (NASDAQ:NTNX – Get Rating) had its price objective raised by Northland Securities from $34.00 to $39.00 in a report released on Thursday morning, The Fly reports.

Several other equities research analysts have also commented on NTNX. Barclays boosted their price objective on Nutanix from $34.00 to $38.00 in a research note on Thursday. Needham & Company LLC restated a buy rating and issued a $33.00 price target on shares of Nutanix in a research report on Tuesday, March 7th. Royal Bank of Canada upped their price target on Nutanix from $33.00 to $38.00 in a research report on Thursday. StockNews.com began coverage on Nutanix in a report on Thursday, May 18th. They issued a buy rating on the stock. Finally, KeyCorp upped their price objective on Nutanix from $33.00 to $38.00 in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Nutanix currently has an average rating of Moderate Buy and an average target price of $33.62.

Nutanix Stock Performance

Shares of Nutanix stock opened at $29.68 on Thursday. Nutanix has a twelve month low of $13.44 and a twelve month high of $33.73. The business has a 50-day moving average price of $25.10 and a 200 day moving average price of $27.01.

Hedge Funds Weigh In On Nutanix

Several large investors have recently bought and sold shares of NTNX. Altshuler Shaham Ltd purchased a new position in shares of Nutanix during the first quarter worth about $30,000. EverSource Wealth Advisors LLC purchased a new position in shares of Nutanix during the fourth quarter worth about $33,000. Point72 Hong Kong Ltd purchased a new position in shares of Nutanix during the first quarter worth about $35,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Nutanix during the fourth quarter worth about $47,000. Finally, Belpointe Asset Management LLC purchased a new position in shares of Nutanix during the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 76.95% of the company’s stock.

About Nutanix

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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.