Nutanix Inc. (NASDAQ:NTNX)‘s stock had its “outperform” rating reaffirmed by RBC Capital Markets in a research report issued to clients and investors on Wednesday. They presently have a $38.00 price target on the stock. RBC Capital Markets’ target price would suggest a potential upside of 34.37% from the stock’s previous close.
NTNX has been the topic of several other research reports. Vetr upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating and set a $47.17 price target on the stock in a research note on Tuesday, October 4th. Summit Redstone initiated coverage on shares of Nutanix in a research report on Friday, October 14th. They set a “sell” rating on the stock. They noted that the move was a valuation call. BTIG Research initiated coverage on shares of Nutanix in a research report on Wednesday, October 19th. They set a “neutral” rating on the stock. JMP Securities initiated coverage on shares of Nutanix in a research report on Tuesday, October 18th. They set an “outperform” rating and a $38.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Nutanix from a “sell” rating to a “hold” rating in a research report on Friday, January 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Nutanix currently has a consensus rating of “Buy” and an average price target of $35.98.
Shares of Nutanix (NASDAQ:NTNX) opened at 28.28 on Wednesday. Nutanix has a one year low of $23.11 and a one year high of $46.78. The firm has a 50-day moving average of $27.99 and a 200 day moving average of $29.74. The stock’s market capitalization is $4.02 billion.
In other Nutanix news, major shareholder Canada Pension Plan Investment acquired 584,093 shares of the company’s stock in a transaction dated Thursday, October 27th. The shares were purchased at an average cost of $28.13 per share, for a total transaction of $16,430,536.09. Following the completion of the purchase, the insider now owns 2,210,807 shares in the company, valued at $62,190,000.91. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Several institutional investors have recently added to or reduced their stakes in NTNX. Picton Mahoney Asset Management acquired a new position in Nutanix during the third quarter worth about $185,000. BlackRock Investment Management LLC purchased a new stake in Nutanix during the third quarter worth approximately $195,000. Mark Asset Management Corp purchased a new stake in Nutanix during the third quarter worth approximately $222,000. TD Asset Management Inc. purchased a new stake in Nutanix during the third quarter worth approximately $259,000. Finally, SG Americas Securities LLC purchased a new stake in Nutanix during the third quarter worth approximately $282,000. Hedge funds and other institutional investors own 14.75% of the company’s stock.
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.