Nutanix, Inc. (NASDAQ:NTNX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Nutanix, Inc. (NASDAQ:NTNX) has been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $90.38.

Several analysts recently issued reports on NTNX shares. Raymond James lowered shares of Nutanix from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 20th. UBS Group boosted their price objective on shares of Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Morgan Stanley restated an “overweight” rating and issued a $90.00 price objective (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Barclays set a $94.00 price objective on shares of Nutanix and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, Wall Street Zen lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a report on Saturday.

Insider Buying and Selling at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 61,057 shares of Nutanix stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total value of $4,823,503.00. Following the completion of the transaction, the chief executive officer now directly owns 497,309 shares of the company’s stock, valued at $39,287,411. The trade was a 10.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Virginia Gambale sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $78.00, for a total transaction of $546,000.00. Following the sale, the director now owns 38,330 shares in the company, valued at $2,989,740. The trade was a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,556,264 shares of company stock valued at $426,904,673 in the last three months. 6.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its holdings in Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock worth $40,000 after acquiring an additional 146 shares in the last quarter. True Wealth Design LLC grew its holdings in Nutanix by 13.2% during the 4th quarter. True Wealth Design LLC now owns 1,249 shares of the technology company’s stock worth $76,000 after acquiring an additional 146 shares in the last quarter. Azzad Asset Management Inc. ADV grew its holdings in Nutanix by 0.5% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 34,887 shares of the technology company’s stock worth $2,134,000 after acquiring an additional 159 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Nutanix by 4.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 4,163 shares of the technology company’s stock worth $291,000 after acquiring an additional 177 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in Nutanix by 3.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company’s stock worth $349,000 after acquiring an additional 188 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Stock Down 2.0%

NASDAQ NTNX opened at $72.13 on Friday. The firm has a market cap of $19.23 billion, a PE ratio of -206.09, a P/E/G ratio of 11.80 and a beta of 0.69. Nutanix has a 52 week low of $43.35 and a 52 week high of $83.36. The business’s fifty day simple moving average is $72.11 and its 200-day simple moving average is $69.16.

About Nutanix

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.