Nutanix (NASDAQ:NTNX) Coverage Initiated by Analysts at UBS Group

UBS Group began coverage on shares of Nutanix (NASDAQ:NTNX) in a research report released on Thursday morning, Marketbeat reports. The brokerage issued a buy rating and a $81.00 price objective on the technology company’s stock.

Several other equities research analysts also recently commented on NTNX. Northland Securities restated a “market perform” rating and issued a $77.00 price target (up previously from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Wells Fargo & Company increased their target price on Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Needham & Company LLC lifted their price target on Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Bank of America upped their price target on Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, StockNews.com upgraded Nutanix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 28th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Nutanix presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.00.

Nutanix Stock Up 6.1 %

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

Insider Transactions at Nutanix

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

Hedge Funds Weigh In On Nutanix

Several large investors have recently made changes to their positions in NTNX. Tidal Investments LLC grew its stake in shares of Nutanix by 4.0% in the third quarter. Tidal Investments LLC now owns 22,297 shares of the technology company’s stock worth $1,321,000 after acquiring an additional 862 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Nutanix in the 3rd quarter valued at $111,000. Sanctuary Advisors LLC bought a new stake in shares of Nutanix in the 3rd quarter worth about $555,000. Geode Capital Management LLC grew its stake in Nutanix by 0.5% during the third quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock worth $245,968,000 after buying an additional 22,091 shares during the last quarter. Finally, Groupama Asset Managment increased its holdings in Nutanix by 1.0% during the 3rd quarter. Groupama Asset Managment now owns 707,000 shares of the technology company’s stock valued at $41,890,000 after purchasing an additional 7,000 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Company Profile

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.