Nutanix (NASDAQ:NTNX) had its price target upped by Royal Bank of Canada to $58.00 in a research note released on Tuesday, The Fly reports. The firm currently has an outperform rating on the technology company’s stock. The analysts noted that the move was a valuation call.
Several other research analysts also recently commented on the company. Needham & Company LLC raised their target price on Nutanix from $48.00 to $61.00 and gave the stock a buy rating in a research note on Tuesday. Wells Fargo & Co raised their target price on Nutanix to $60.00 and gave the stock an outperform rating in a research note on Tuesday. Jefferies Group raised their target price on Nutanix to $60.00 and gave the stock a buy rating in a research note on Tuesday. Piper Jaffray Companies restated an overweight rating and issued a $57.00 target price on shares of Nutanix in a research note on Tuesday. Finally, Bank of America raised their target price on Nutanix from $45.00 to $60.00 and gave the stock a buy rating in a research note on Friday, March 9th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $44.48.
Nutanix (NASDAQ NTNX) opened at $53.04 on Tuesday. Nutanix has a 12 month low of $14.38 and a 12 month high of $53.67.
In other news, EVP David Sangster sold 5,892 shares of Nutanix stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $36.32, for a total transaction of $213,997.44. Following the completion of the sale, the executive vice president now owns 12,500 shares in the company, valued at approximately $454,000. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Sunil Potti sold 15,000 shares of Nutanix stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $35.70, for a total value of $535,500.00. Following the sale, the insider now owns 52,805 shares of the company’s stock, valued at approximately $1,885,138.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,808,918 shares of company stock valued at $104,706,913. Corporate insiders own 19.81% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Focused Wealth Management Inc boosted its position in shares of Nutanix by 107.2% during the 4th quarter. Focused Wealth Management Inc now owns 4,059 shares of the technology company’s stock valued at $143,000 after acquiring an additional 2,100 shares during the last quarter. Delpha Capital Management LLC purchased a new position in shares of Nutanix during the 4th quarter valued at about $104,000. Brown Advisory Inc. raised its holdings in shares of Nutanix by 4.4% during the 3rd quarter. Brown Advisory Inc. now owns 76,570 shares of the technology company’s stock valued at $1,714,000 after buying an additional 3,254 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its holdings in shares of Nutanix by 96.2% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 7,989 shares of the technology company’s stock valued at $282,000 after buying an additional 3,918 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Nutanix by 115.4% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,432 shares of the technology company’s stock valued at $262,000 after buying an additional 3,982 shares in the last quarter. Hedge funds and other institutional investors own 44.29% of the company’s stock.
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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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