Morgan Stanley upgraded shares of Nutanix (NASDAQ:NTNX) from an equal weight rating to an overweight rating in a report issued on Tuesday, The Fly reports.

Several other analysts also recently weighed in on NTNX. Stifel Nicolaus lowered their price target on shares of Nutanix from $64.00 to $55.00 and set a buy rating for the company in a research note on Wednesday, November 28th. Jefferies Financial Group lowered their price target on shares of Nutanix to $48.00 and set a hold rating for the company in a research note on Wednesday, November 28th. Maxim Group reissued a buy rating and issued a $72.00 price target on shares of Nutanix in a research note on Wednesday, November 28th. William Blair reissued an outperform rating on shares of Nutanix in a research note on Wednesday, November 28th. Finally, Wolfe Research assumed coverage on shares of Nutanix in a research note on Tuesday, December 11th. They issued an outperform rating for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the stock. Nutanix currently has an average rating of Buy and an average price target of $59.74.

Nutanix stock opened at $48.74 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.71 and a current ratio of 2.71. Nutanix has a twelve month low of $29.34 and a twelve month high of $64.87.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Tuesday, November 27th. The technology company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.24). The business had revenue of $313.28 million during the quarter, compared to the consensus estimate of $305.21 million. Nutanix had a negative return on equity of 87.09% and a negative net margin of 27.65%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.16) earnings per share. Research analysts anticipate that Nutanix will post -2.19 EPS for the current fiscal year.

In other Nutanix news, insider Tyler Wall sold 34,144 shares of the company’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $40.36, for a total value of $1,378,051.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP David Sangster sold 7,916 shares of the company’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $42.56, for a total transaction of $336,904.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 257,959 shares of company stock worth $10,670,029. Corporate insiders own 14.57% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in NTNX. First Hawaiian Bank purchased a new stake in Nutanix in the fourth quarter worth about $35,000. Truvestments Capital LLC purchased a new stake in shares of Nutanix during the third quarter valued at approximately $132,000. DekaBank Deutsche Girozentrale grew its holdings in shares of Nutanix by 320.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,565 shares of the technology company’s stock valued at $156,000 after buying an additional 1,955 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Nutanix during the second quarter valued at approximately $174,000. Finally, Cerebellum GP LLC purchased a new stake in shares of Nutanix during the third quarter valued at approximately $188,000. Institutional investors and hedge funds own 48.45% of the company’s stock.

About Nutanix

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

Featured Article: What is a balanced fund?

The Fly

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

Receive News & Ratings for Nutanix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix and related companies with MarketBeat.com's FREE daily email newsletter.