Nutanix’s (NTNX) Buy Rating Reiterated at Robert W. Baird
Nutanix Inc (NASDAQ:NTNX)‘s stock had its “buy” rating reaffirmed by Robert W. Baird in a research note issued on Wednesday. They presently have a $32.46 price objective on the stock, down from their previous price objective of $37.00. Robert W. Baird’s price objective would suggest a potential downside of 4.78% from the stock’s current price.
Several other equities research analysts have also issued reports on the stock. Needham & Company LLC reissued a “buy” rating on shares of Nutanix in a research report on Wednesday. JMP Securities reaffirmed a “buy” rating on shares of Nutanix in a report on Wednesday. RBC Capital Markets raised their price target on shares of Nutanix from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday. Royal Bank Of Canada raised their price target on shares of Nutanix from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Nutanix in a report on Monday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $36.23.
Shares of Nutanix (NASDAQ:NTNX) traded down 5.13% during midday trading on Wednesday, reaching $32.34. 2,544,525 shares of the company were exchanged. Nutanix has a 52-week low of $23.11 and a 52-week high of $46.78. The company’s market capitalization is $1.49 billion. The stock’s 50-day moving average price is $29.71 and its 200-day moving average price is $30.98.
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In other Nutanix news, major shareholder Canada Pension Plan Investment purchased 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, for a total transaction of $16,430,536.09. Following the transaction, the insider now owns 2,210,807 shares in the company, valued at approximately $62,190,000.91. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Picton Mahoney Asset Management purchased a new stake in shares of Nutanix during the third quarter valued at $185,000. BlackRock Investment Management LLC purchased a new stake in shares of Nutanix during the third quarter valued at $195,000. Mark Asset Management Corp purchased a new stake in shares of Nutanix during the third quarter valued at $222,000. TD Asset Management Inc. purchased a new stake in shares of Nutanix during the third quarter valued at $259,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Nutanix during the third quarter valued at $282,000.
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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