Nutanix Inc (NASDAQ:NTNX)‘s stock had its “buy” rating reiterated by equities researchers at Needham & Company LLC in a report issued on Wednesday.

NTNX has been the subject of several other research reports. JMP Securities restated a “buy” rating on shares of Nutanix in a report on Wednesday. RBC Capital Markets upped their price objective on Nutanix from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday. Royal Bank Of Canada upped their price objective on Nutanix from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday. BTIG Research restated a “neutral” rating on shares of Nutanix in a report on Monday. Finally, Raymond James Financial Inc. restated a “market perform” rating on shares of Nutanix in a report on Tuesday, November 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $36.51.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

Nutanix (NASDAQ:NTNX) traded down 3.96% during mid-day trading on Wednesday, reaching $32.74. The company had a trading volume of 2,099,649 shares. The firm’s market capitalization is $1.51 billion. The stock’s 50-day moving average is $29.71 and its 200 day moving average is $30.98. Nutanix has a 12 month low of $23.11 and a 12 month high of $46.78.

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In other Nutanix news, major shareholder Canada Pension Plan Investment acquired 104,200 shares of Nutanix stock in a transaction that occurred on Wednesday, October 26th. The stock was purchased at an average cost of $28.96 per share, with a total value of $3,017,632.00. Following the purchase, the insider now owns 1,945,407 shares in the company, valued at $56,338,986.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hedge funds and other institutional investors have recently modified their holdings of the company. Picton Mahoney Asset Management purchased a new position in shares of Nutanix during the third quarter valued at $185,000. BlackRock Investment Management LLC purchased a new position in shares of Nutanix during the third quarter valued at $195,000. Mark Asset Management Corp purchased a new position in shares of Nutanix during the third quarter valued at $222,000. TD Asset Management Inc. purchased a new position in shares of Nutanix during the third quarter valued at $259,000. Finally, SG Americas Securities LLC purchased a new position in shares of Nutanix during the third quarter valued at $282,000.

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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