Nutanix Inc (NASDAQ:NTNX) had its price target lifted by stock analysts at KeyCorp from $37.00 to $38.00 in a research report issued to clients and investors on Wednesday. The firm currently has an “overweight” rating on the stock. KeyCorp’s price target suggests a potential upside of 18.86% from the company’s current price.

A number of other brokerages have also recently issued reports on NTNX. Summit Redstone started coverage on Nutanix in a research note on Friday, October 14th. They set a “sell” rating on the stock. They noted that the move was a valuation call. JMP Securities assumed coverage on Nutanix in a research note on Tuesday, October 18th. They issued an “outperform” rating and a $38.00 price target on the stock. Raymond James Financial Inc. assumed coverage on Nutanix in a research note on Tuesday, October 25th. They issued a “market perform” rating on the stock. William Blair assumed coverage on Nutanix in a research note on Tuesday, October 25th. They issued an “outperform” rating on the stock. Finally, Needham & Company LLC assumed coverage on Nutanix in a research note on Tuesday, October 25th. They issued a “buy” rating and a $36.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $36.63.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

Shares of Nutanix (NASDAQ:NTNX) traded down 6.13% on Wednesday, hitting $32.00. The company’s stock had a trading volume of 3,462,657 shares. The stock’s 50-day moving average price is $29.71 and its 200-day moving average price is $30.98. Nutanix has a 52 week low of $23.11 and a 52 week high of $46.78. The firm’s market cap is $1.47 billion.

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In related news, major shareholder Canada Pension Plan Investment bought 584,093 shares of Nutanix stock in a transaction dated 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 acquisition, the insider now owns 2,210,807 shares in the company, valued at approximately $62,190,000.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

A number of hedge funds have recently added to or reduced their stakes in NTNX. Morgan Stanley acquired a new stake in Nutanix during the third quarter valued at $51,037,000. JPMorgan Chase & Co. acquired a new stake in Nutanix during the third quarter valued at $29,979,000. Price T Rowe Associates Inc. MD acquired a new stake in Nutanix during the third quarter valued at $24,050,000. Canada Pension Plan Investment Board acquired a new stake in Nutanix during the third quarter valued at $22,200,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new stake in Nutanix during the third quarter valued at $11,100,000.

About Nutanix

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.

5 Day Chart for NASDAQ:NTNX

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