Nutanix (NASDAQ:NTNX) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Nutanix (NASDAQ:NTNX) from a buy rating to a strong-buy rating in a report published on Saturday.

Other analysts also recently issued reports about the company. Morgan Stanley raised their price target on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. UBS Group began coverage on shares of Nutanix in a research note on Thursday, December 12th. They set a “buy” rating and a $81.00 price target for the company. Wells Fargo & Company upped their price target on shares of Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Barclays boosted their target price on Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, Northland Securities reiterated a “market perform” rating and issued a $77.00 price target (up from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Nutanix currently has an average rating of “Moderate Buy” and a consensus target price of $78.87.

Nutanix Price Performance

Shares of NTNX stock opened at $64.69 on Friday. The company has a market cap of $17.33 billion, a PE ratio of -184.83, a price-to-earnings-growth ratio of 10.88 and a beta of 1.16. Nutanix has a 1 year low of $43.35 and a 1 year high of $75.80. The stock’s 50 day simple moving average is $65.51 and its two-hundred day simple moving average is $60.72.

Insider Transactions at Nutanix

In other news, Director Virginia Gambale sold 6,060 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the transaction, the director now directly owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Rajiv Ramaswami sold 63,901 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85. Following the sale, the chief executive officer now directly owns 649,034 shares in the company, valued at approximately $42,738,888.90. The trade was a 8.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,065 shares of company stock valued at $5,405,141. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Nutanix

Several hedge funds have recently modified their holdings of the company. Bain Capital Investors LLC purchased a new stake in Nutanix during the third quarter valued at approximately $998,601,000. Champlain Investment Partners LLC lifted its holdings in shares of Nutanix by 3.7% during the 3rd quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company’s stock valued at $354,867,000 after purchasing an additional 215,363 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Nutanix by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock worth $245,968,000 after purchasing an additional 22,091 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Nutanix by 15.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock worth $166,886,000 after buying an additional 374,328 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after buying an additional 695,567 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

About Nutanix

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.