Other equities research analysts have also issued research reports about the company. Royal Bank of Canada restated a buy rating and set a $40.00 price objective on shares of Nutanix in a research note on Friday, December 1st. Needham & Company LLC raised their price objective on Nutanix from $45.00 to $48.00 and gave the company a buy rating in a research note on Friday, December 1st. Maxim Group raised their price objective on Nutanix from $39.00 to $51.00 and gave the company a buy rating in a research note on Friday, December 1st. Piper Jaffray Companies restated a buy rating and set a $40.00 price objective on shares of Nutanix in a research note on Friday, December 1st. Finally, Vetr lowered Nutanix from a strong-buy rating to a buy rating and set a $33.55 price objective for the company. in a research note on Tuesday, November 21st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Nutanix presently has an average rating of Buy and a consensus target price of $39.96.
Shares of Nutanix (NTNX) opened at $51.48 on Friday. Nutanix has a 12 month low of $14.38 and a 12 month high of $51.63. The firm has a market capitalization of $8,260.00 and a P/E ratio of -23.94.
In related news, President Sudheesh Nair Vadakkedath sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $38.73, for a total value of $1,549,200.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey T. Parks sold 1,858,951 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $37.94, for a total value of $70,528,600.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,808,918 shares of company stock worth $104,706,913. 19.81% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in shares of Nutanix by 89.6% in the 4th quarter. BlackRock Inc. now owns 5,875,339 shares of the technology company’s stock worth $207,282,000 after purchasing an additional 2,776,194 shares during the last quarter. Cramer Rosenthal Mcglynn LLC lifted its holdings in shares of Nutanix by 124.9% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,473,512 shares of the technology company’s stock worth $51,986,000 after purchasing an additional 818,378 shares during the last quarter. Contour Asset Management LLC bought a new stake in shares of Nutanix in the 4th quarter worth approximately $35,868,000. Trinity Street Asset Management LLP bought a new stake in shares of Nutanix in the 4th quarter worth approximately $29,363,000. Finally, Teachers Advisors LLC lifted its holdings in shares of Nutanix by 30.1% in the 4th quarter. Teachers Advisors LLC now owns 787,025 shares of the technology company’s stock worth $27,766,000 after purchasing an additional 182,284 shares during the last quarter. 44.29% of the stock is currently owned by institutional investors and hedge funds.
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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.
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