Nutanix Inc (NASDAQ:NTNX) has earned an average recommendation of “Buy” from the twenty-six ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, seventeen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $35.30.

NTNX has been the subject of several analyst reports. Vetr downgraded Nutanix from a “strong-buy” rating to a “buy” rating and set a $31.00 price objective for the company. in a research report on Tuesday, October 24th. Piper Jaffray Companies set a $28.00 target price on Nutanix and gave the stock a “buy” rating in a report on Monday, October 23rd. Robert W. Baird reissued a “buy” rating and set a $31.00 target price (up previously from $28.00) on shares of Nutanix in a report on Monday, September 25th. Maxim Group reissued a “buy” rating and set a $41.00 target price on shares of Nutanix in a report on Friday, September 22nd. Finally, Bank of America boosted their target price on Nutanix from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, September 18th.

In other Nutanix news, EVP David Sangster sold 27,000 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $27.92, for a total value of $753,840.00. Following the transaction, the executive vice president now owns 78,000 shares of the company’s stock, valued at $2,177,760. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Sudheesh Nair Vadakkedath sold 40,000 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $36.87, for a total value of $1,474,800.00. Following the completion of the transaction, the president now directly owns 193,856 shares in the company, valued at approximately $7,147,470.72. The disclosure for this sale can be found here. Insiders sold 2,219,670 shares of company stock worth $71,006,839 in the last ninety days. 19.81% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC raised its stake in Nutanix by 320.6% during the 2nd quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock valued at $242,686,000 after purchasing an additional 9,180,123 shares during the period. Franklin Resources Inc. acquired a new stake in Nutanix during the 2nd quarter valued at $55,063,000. Goldman Sachs Group Inc. raised its stake in Nutanix by 3,462.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock valued at $14,808,000 after purchasing an additional 714,257 shares during the period. Cramer Rosenthal Mcglynn LLC acquired a new stake in Nutanix during the 3rd quarter valued at $14,668,000. Finally, New York State Common Retirement Fund raised its stake in Nutanix by 1,771.2% during the 2nd quarter. New York State Common Retirement Fund now owns 527,700 shares of the technology company’s stock valued at $10,633,000 after purchasing an additional 499,499 shares during the period. 34.13% of the stock is currently owned by institutional investors.

Shares of Nutanix (NASDAQ NTNX) traded up $0.93 during midday trading on Monday, hitting $37.95. The stock had a trading volume of 1,810,000 shares, compared to its average volume of 4,310,000. The firm has a market capitalization of $6,090.00 and a P/E ratio of -15.68. Nutanix has a fifty-two week low of $14.38 and a fifty-two week high of $38.80.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Thursday, November 30th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.10. The business had revenue of $275.60 million during the quarter, compared to the consensus estimate of $267.02 million. Nutanix had a negative return on equity of 113.75% and a negative net margin of 22.31%. The business’s revenue was up 46.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.37) earnings per share. analysts forecast that Nutanix will post -1.71 earnings per share for the current year.

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About Nutanix

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.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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