Nutanix Inc (NASDAQ:NTNX)‘s stock had its “market perform” rating reiterated by Raymond James Financial Inc. in a report issued on Tuesday.

Other equities research analysts have also recently issued reports about the stock. Vetr raised shares of Nutanix from a “hold” rating to a “strong-buy” rating and set a $47.17 target price on the stock in a research report on Tuesday, October 4th. Summit Redstone started coverage on shares of Nutanix in a research report on Friday, October 14th. They issued a “sell” rating on the stock. They noted that the move was a valuation call. BTIG Research started coverage on shares of Nutanix in a research report on Wednesday, October 19th. They issued a “neutral” rating on the stock. JMP Securities started coverage on shares of Nutanix in a research report on Tuesday, October 18th. They issued an “outperform” rating and a $38.00 target price on the stock. Finally, Maxim Group started coverage on shares of Nutanix in a research report on Friday, September 30th. They issued a “buy” rating and a $40.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $36.26.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

Shares of Nutanix (NASDAQ:NTNX) opened at 32.78 on Tuesday. The firm has a 50 day moving average of $30.48 and a 200-day moving average of $30.48. Nutanix has a 12 month low of $23.11 and a 12 month high of $46.78. The stock’s market capitalization is $1.51 billion.

In other news, major shareholder Canada Pension Plan Investment bought 104,200 shares of Nutanix stock in a transaction dated Wednesday, October 26th. The shares were acquired at an average cost of $28.96 per share, with a total value of $3,017,632.00. Following the completion of the transaction, the insider now owns 1,945,407 shares in the company, valued at approximately $56,338,986.72. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Several hedge funds have recently modified their holdings of NTNX. Picton Mahoney Asset Management bought a new stake in shares of Nutanix during the third quarter worth about $185,000. BlackRock Investment Management LLC acquired a new stake in Nutanix during the third quarter valued at $195,000. Mark Asset Management Corp acquired a new stake in Nutanix during the third quarter valued at $222,000. TD Asset Management Inc. acquired a new stake in Nutanix during the third quarter valued at $259,000. Finally, SG Americas Securities LLC acquired a new stake in 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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