Brokerages Set Nutanix, Inc. (NASDAQ:NTNX) PT at $72.00

Nutanix, Inc. (NASDAQ:NTNX) has earned a consensus rating of “Moderate Buy” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $72.00.

Several research firms recently issued reports on NTNX. Morgan Stanley reduced their price target on Nutanix from $72.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, June 21st. Needham & Company LLC boosted their price target on Nutanix from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Raymond James boosted their price target on Nutanix from $72.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, May 30th. Royal Bank of Canada lifted their price objective on Nutanix from $72.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. Finally, Northland Capmk cut Nutanix from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 30th.

Insider Transactions at Nutanix

In other news, COO David Sangster sold 10,384 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $562,708.96. Following the completion of the transaction, the chief operating officer now owns 64,333 shares of the company’s stock, valued at approximately $3,486,205.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Rukmini Sivaraman sold 12,566 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total transaction of $668,762.52. Following the sale, the chief financial officer now owns 144,902 shares in the company, valued at approximately $7,711,684.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO David Sangster sold 10,384 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total value of $562,708.96. Following the sale, the chief operating officer now owns 64,333 shares in the company, valued at approximately $3,486,205.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,936 shares of company stock valued at $2,531,273. Corporate insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On Nutanix

A number of hedge funds and other institutional investors have recently bought and sold shares of NTNX. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Nutanix during the 2nd quarter worth $25,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Nutanix in the 4th quarter valued at about $29,000. GAMMA Investing LLC bought a new stake in shares of Nutanix in the 4th quarter valued at about $30,000. Kapitalo Investimentos Ltda bought a new stake in shares of Nutanix in the 4th quarter valued at about $37,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Nutanix in the 4th quarter valued at about $40,000. Institutional investors own 85.25% of the company’s stock.

Nutanix Trading Up 1.7 %

Shares of NASDAQ NTNX opened at $50.18 on Wednesday. Nutanix has a 12 month low of $28.49 and a 12 month high of $73.69. The stock has a 50 day moving average of $58.12 and a 200-day moving average of $59.38.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, May 29th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.12. Nutanix had a negative return on equity of 7.74% and a negative net margin of 0.57%. The company had revenue of $524.58 million during the quarter, compared to the consensus estimate of $516.13 million. On average, equities analysts anticipate that Nutanix will post 0.11 earnings per share for the current year.

Nutanix Company Profile

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.