Stifel Nicolaus began coverage on shares of Nutanix (NASDAQ:NTNX) in a report issued on Friday morning, Marketbeat reports. The firm issued a buy rating and a $52.00 target price on the technology company’s stock.
NTNX has been the topic of several other research reports. Vetr cut Nutanix from a buy rating to a sell rating and set a $31.98 target price on the stock. in a report on Tuesday, February 20th. ValuEngine cut Nutanix from a hold rating to a sell rating in a report on Thursday, November 9th. Wells Fargo & Co increased their target price on Nutanix from $43.00 to $52.00 and gave the stock an outperform rating in a report on Friday, March 2nd. Maxim Group restated a buy rating and set a $51.00 target price on shares of Nutanix in a report on Friday, December 22nd. Finally, Needham & Company LLC started coverage on Nutanix in a report on Wednesday, November 22nd. They set a buy rating and a $45.00 target price on the stock. Three research analysts have rated the stock with a sell rating, four have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Nutanix currently has a consensus rating of Buy and an average price target of $39.96.
Shares of Nutanix (NASDAQ:NTNX) opened at $49.10 on Friday. Nutanix has a 1 year low of $14.38 and a 1 year high of $49.80.
In other Nutanix news, President Sudheesh Nair Vadakkedath sold 90,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $35.29, for a total value of $3,176,100.00. Following the transaction, the president now owns 228,330 shares of the company’s stock, valued at $8,057,765.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David Sangster sold 5,892 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $36.32, for a total value of $213,997.44. Following the completion of the transaction, the executive vice president now directly owns 12,500 shares in the company, valued at approximately $454,000. The disclosure for this sale can be found here. Insiders have sold 2,898,918 shares of company stock worth $107,883,013 in the last ninety days. 19.81% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Scott & Selber Inc. acquired a new position in Nutanix in the third quarter valued at about $1,398,000. California State Teachers Retirement System lifted its stake in Nutanix by 47.3% in the third quarter. California State Teachers Retirement System now owns 90,900 shares of the technology company’s stock valued at $2,035,000 after buying an additional 29,200 shares during the period. Janney Montgomery Scott LLC acquired a new position in Nutanix in the third quarter valued at about $441,000. Great West Life Assurance Co. Can lifted its stake in Nutanix by 1,837.8% in the third quarter. Great West Life Assurance Co. Can now owns 71,700 shares of the technology company’s stock valued at $1,602,000 after buying an additional 68,000 shares during the period. Finally, Cowen Prime Services LLC lifted its stake in Nutanix by 33.7% in the fourth quarter. Cowen Prime Services LLC now owns 20,450 shares of the technology company’s stock valued at $721,000 after buying an additional 5,150 shares during the period. 44.29% of the stock is currently owned by hedge funds and other institutional investors.
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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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