Nutanix Inc (NTNX) Rating Reiterated by Raymond James Financial Inc.
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.
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.
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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