Nutanix (NASDAQ:NTNX) Now Covered by Analysts at UBS Group

UBS Group assumed coverage on shares of Nutanix (NASDAQ:NTNX) in a research report sent to investors on Thursday morning, Marketbeat reports. The firm issued a buy rating and a $81.00 price target on the technology company’s stock.

A number of other brokerages have also issued reports on NTNX. Barclays upped their target price on shares of Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. upped their price objective on Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Raymond James lifted their target price on Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Oppenheimer began coverage on Nutanix in a research report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price target on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Nutanix has an average rating of “Moderate Buy” and a consensus target price of $79.00.

Nutanix Stock Up 6.1 %

NTNX opened at $68.76 on Thursday. Nutanix has a 12-month low of $43.35 and a 12-month high of $75.80. The firm’s fifty day moving average price is $65.94 and its 200 day moving average price is $59.12.

Insider Buying and Selling at Nutanix

In related news, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total value of $1,430,996.60. Following the completion of the transaction, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. This represents a 11.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO David Sangster sold 11,950 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the sale, the chief operating officer now owns 123,868 shares in the company, valued at $7,411,022.44. This trade represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bain Capital Investors LLC bought a new position in Nutanix during the 3rd quarter valued at $998,601,000. Driehaus Capital Management LLC lifted its holdings in shares of Nutanix by 123.9% in the second quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock valued at $81,593,000 after buying an additional 794,215 shares during the period. Two Sigma Advisers LP boosted its stake in Nutanix by 32.8% during the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after buying an additional 695,567 shares in the last quarter. Marshall Wace LLP grew its holdings in Nutanix by 47.5% during the second quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock worth $84,308,000 after acquiring an additional 477,838 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Nutanix by 15.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock valued at $166,886,000 after acquiring an additional 374,328 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

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.