Nutanix Inc (NTNX) Stock Rating Reaffirmed by RBC Capital Markets
Nutanix Inc (NASDAQ:NTNX)‘s stock had its “outperform” rating reissued by investment analysts at RBC Capital Markets in a research note issued on Wednesday. They currently have a $38.00 price objective on the stock, up from their previous price objective of $36.00. RBC Capital Markets’ target price would suggest a potential upside of 18.86% from the company’s previous close.
Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada boosted their price objective on shares of Nutanix from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday. Credit Suisse Group AG began coverage on shares of Nutanix in a research note on Tuesday, October 25th. They issued an “outperform” rating and a $38.00 price objective for the company. William Blair began coverage on shares of Nutanix in a research note on Tuesday, October 25th. They issued an “outperform” rating for the company. Raymond James Financial Inc. reissued a “market perform” rating on shares of Nutanix in a research note on Tuesday, November 15th. Finally, Stifel Nicolaus began coverage on shares of Nutanix in a research note on Tuesday, October 25th. They issued a “hold” rating and a $35.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $36.63.
Nutanix (NASDAQ:NTNX) traded down 6.13% during trading on Wednesday, hitting $32.00. The stock had a trading volume of 3,465,166 shares. The firm’s market cap is $1.47 billion. The company’s 50 day moving average is $29.71 and its 200 day moving average is $30.98. Nutanix has a 52-week low of $23.11 and a 52-week high of $46.78.
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In other Nutanix news, major shareholder Canada Pension Plan Investment purchased 584,093 shares of the stock in a transaction on Thursday, October 27th. The shares were bought at an average cost of $28.13 per share, with a total value of $16,430,536.09. Following the completion of the acquisition, the insider now owns 2,210,807 shares in the company, valued at $62,190,000.91. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of large investors have recently bought and sold shares of NTNX. GAM Holding AG acquired a new stake in Nutanix during the third quarter valued at approximately $4,884,000. JPMorgan Chase & Co. purchased a new stake in Nutanix during the third quarter valued at about $29,979,000. UBS Asset Management Americas Inc. purchased a new stake in Nutanix during the third quarter valued at about $2,925,000. AO Asset Management LLC purchased a new stake in Nutanix during the third quarter valued at about $555,000. Finally, Geduld E E purchased a new stake in Nutanix during the third quarter valued at about $422,000.
Nutanix Company Profile
Nutanix, Inc (Nutanix) provides an enterprise cloud platform that converges silos of server, virtualization and storage into one integrated solution and connects to public cloud services. The Company’s software-driven platform delivers the scalability and pay-as-you-grow economics of the public cloud, while addressing enterprise requirements of application mobility, security, data integrity and control.
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