Nutanix (NASDAQ:NTNX) Price Target Increased to $81.00 by Analysts at Barclays

Nutanix (NASDAQ:NTNX) had its target price upped by Barclays from $68.00 to $81.00 in a research note published on Friday morning, Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

NTNX has been the topic of several other research reports. Morgan Stanley lifted their price target on Nutanix from $63.00 to $72.00 and gave the company an equal weight rating in a research note on Thursday. Susquehanna boosted their price objective on Nutanix from $60.00 to $75.00 and gave the company a positive rating in a research note on Wednesday, April 10th. Royal Bank of Canada upped their price target on Nutanix from $68.00 to $72.00 and gave the stock an outperform rating in a research note on Thursday, February 29th. JMP Securities upped their price target on Nutanix from $50.00 to $70.00 and gave the stock a market outperform rating in a research note on Monday, February 5th. Finally, Piper Sandler upped their price target on Nutanix from $67.00 to $76.00 and gave the stock an overweight rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Nutanix has a consensus rating of Moderate Buy and a consensus price target of $68.54.

Nutanix Price Performance

NASDAQ:NTNX traded up $1.40 on Friday, hitting $72.85. The company’s stock had a trading volume of 1,462,121 shares, compared to its average volume of 1,888,053. The stock has a fifty day moving average of $64.38 and a two-hundred day moving average of $55.65. Nutanix has a one year low of $26.47 and a one year high of $73.69.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The firm had revenue of $565.23 million for the quarter, compared to the consensus estimate of $551.82 million. On average, analysts anticipate that Nutanix will post -0.04 earnings per share for the current year.

Insider Buying and Selling at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 23,932 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $63.05, for a total transaction of $1,508,912.60. Following the sale, the chief executive officer now owns 373,024 shares in the company, valued at $23,519,163.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Rajiv Ramaswami sold 23,932 shares of Nutanix stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $63.05, for a total transaction of $1,508,912.60. Following the completion of the transaction, the chief executive officer now directly owns 373,024 shares in the company, valued at $23,519,163.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rukmini Sivaraman sold 53,029 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the completion of the transaction, the chief financial officer now owns 144,635 shares of the company’s stock, valued at $9,368,008.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,506 shares of company stock valued at $8,270,938. Company insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On Nutanix

A number of hedge funds have recently added to or reduced their stakes in the stock. Cetera Advisors LLC acquired a new stake in shares of Nutanix in the first quarter valued at about $3,141,000. Cetera Investment Advisers lifted its holdings in shares of Nutanix by 48.7% in the 1st quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock worth $4,697,000 after acquiring an additional 24,918 shares during the last quarter. Burney Co. acquired a new position in shares of Nutanix in the 1st quarter worth approximately $688,000. Tidal Investments LLC increased its stake in Nutanix by 37.0% during the 1st quarter. Tidal Investments LLC now owns 23,551 shares of the technology company’s stock worth $1,454,000 after buying an additional 6,364 shares during the period. Finally, Motley Fool Asset Management LLC increased its stake in Nutanix by 12.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 5,140 shares of the technology company’s stock worth $317,000 after buying an additional 549 shares during the period. 85.25% of the stock is currently owned by institutional investors.

About Nutanix

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.