Nutanix Inc (NTNX) Receives Buy Rating from JMP Securities
Nutanix Inc (NASDAQ:NTNX)‘s stock had its “buy” rating restated by investment analysts at JMP Securities in a research report issued to clients and investors on Wednesday.
NTNX has been the subject of a number of other research reports. Vetr raised shares of Nutanix from a “hold” rating to a “strong-buy” rating and set a $47.17 price objective for the company in a research report on Tuesday, October 4th. Summit Redstone assumed coverage on shares of Nutanix in a research report on Friday, October 14th. They issued a “sell” rating for the company. They noted that the move was a valuation call. BTIG Research assumed coverage on shares of Nutanix in a research report on Wednesday, October 19th. They issued a “neutral” rating for the company. Maxim Group assumed coverage on shares of Nutanix in a research report on Friday, September 30th. They issued a “buy” rating and a $40.00 price target for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of Nutanix in a research report on Tuesday, October 25th. They issued a “neutral” rating and a $33.00 price target for the company. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $36.51.
Shares of Nutanix (NASDAQ:NTNX) traded down 3.9346% on Wednesday, hitting $32.7487. The company’s stock had a trading volume of 1,678,281 shares. The stock has a 50-day moving average price of $29.71 and a 200 day moving average price of $30.98. Nutanix has a one year low of $23.11 and a one year high of $46.78. The firm’s market cap is $1.51 billion.
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In related news, major shareholder Canada Pension Plan Investment acquired 584,093 shares of the firm’s stock in a transaction that occurred on Thursday, October 27th. The shares were purchased at an average price 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 the SEC website.
A number of hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD bought a new stake in Nutanix during the third quarter worth approximately $24,050,000. Picton Mahoney Asset Management bought a new stake in Nutanix during the third quarter worth approximately $185,000. Mark Asset Management Corp bought a new stake in Nutanix during the third quarter worth approximately $222,000. Jane Street Group LLC bought a new stake in Nutanix during the third quarter worth approximately $334,000. Finally, Whale Rock Capital Management LLC bought a new stake in Nutanix during the third quarter worth approximately $1,850,000.
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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