Nutanix Inc (NTNX) Stock Rating Reaffirmed by Needham & Company LLC
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.
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.
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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