Analysts Set Nutanix, Inc. (NASDAQ:NTNX) PT at $65.17

Shares of Nutanix, Inc. (NASDAQ:NTNX) have been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $65.17.

NTNX has been the subject of several recent analyst reports. Needham & Company LLC raised their target price on Nutanix from $62.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 12th. Susquehanna raised their target price on Nutanix from $60.00 to $75.00 and gave the stock a “positive” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. increased their price target on Nutanix from $54.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. Finally, Bank of America increased their price target on Nutanix from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, February 29th.

Insider Activity

In other news, CFO Rukmini Sivaraman sold 53,029 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the transaction, the chief financial officer now owns 144,635 shares in the company, valued at $9,368,008.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Rukmini Sivaraman sold 53,029 shares of Nutanix stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the sale, the chief financial officer now directly owns 144,635 shares in the company, valued at $9,368,008.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven J. Gomo sold 25,000 shares of Nutanix stock in a transaction on Friday, March 1st. The stock was sold at an average price of $64.11, for a total value of $1,602,750.00. Following the sale, the director now owns 3,962 shares in the company, valued at $254,003.82. The disclosure for this sale can be found here. Insiders have sold 129,506 shares of company stock worth $8,270,938 over the last 90 days. 0.46% of the stock is currently owned by corporate insiders.

Institutional Trading of Nutanix

Hedge funds have recently bought and sold shares of the business. Atlantic Edge Private Wealth Management LLC bought a new stake in Nutanix during the fourth quarter worth $29,000. GAMMA Investing LLC bought a new stake in Nutanix during the fourth quarter worth $30,000. Kapitalo Investimentos Ltda purchased a new stake in Nutanix in the fourth quarter worth $37,000. BluePath Capital Management LLC purchased a new stake in Nutanix in the third quarter worth $31,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Nutanix in the fourth quarter worth $40,000. 85.25% of the stock is currently owned by institutional investors.

Nutanix Trading Up 0.1 %

Nutanix stock opened at $62.24 on Friday. The company has a market capitalization of $15.21 billion, a PE ratio of -172.89 and a beta of 1.27. Nutanix has a 12 month low of $23.88 and a 12 month high of $66.99. The stock has a 50-day moving average price of $62.63 and a two-hundred day moving average price of $52.46.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The company had revenue of $565.23 million during the quarter, compared to analyst estimates of $551.82 million. As a group, analysts predict that Nutanix will post -0.04 earnings per share for the current fiscal year.

About Nutanix

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.