Credit Suisse Group AG Reaffirms Outperform Rating for Nutanix Inc (NTNX)
Credit Suisse Group AG reissued their outperform rating on shares of Nutanix Inc (NASDAQ:NTNX) in a report published on Tuesday morning. Credit Suisse Group AG currently has a $38.00 target price on the stock.
NTNX has been the topic of a number of other research reports. Goldman Sachs Group Inc. began coverage on Nutanix in a research note on Tuesday, October 25th. They set a neutral rating and a $30.00 price target on the stock. Robert W. Baird initiated coverage on Nutanix in a research note on Tuesday, October 25th. They set an outperform rating and a $37.00 target price for the company. Maxim Group began coverage on Nutanix in a research note on Friday, September 30th. They issued a buy rating and a $40.00 price target for the company. Stifel Nicolaus started coverage on shares of Nutanix in a report on Tuesday, October 25th. They issued a hold rating and a $35.00 target price on the stock. Finally, Pacific Crest started coverage on Nutanix in a report on Tuesday, October 25th. They set an overweight rating and a $37.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Nutanix presently has a consensus rating of Buy and an average target price of $36.26.
Nutanix (NASDAQ:NTNX) opened at 31.20 on Tuesday. The company’s market capitalization is $1.44 billion. Nutanix has a one year low of $23.11 and a one year high of $46.78. The stock’s 50 day moving average price is $30.50 and its 200 day moving average price is $30.50.
In related news, major shareholder Canada Pension Plan Investment bought 584,093 shares of Nutanix stock in a transaction that occurred on Thursday, October 27th. The shares were purchased at an average price of $28.13 per share, with a total value of $16,430,536.09. Following 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Hedge funds and other institutional investors have recently modified their holdings of the company. Picton Mahoney Asset Management acquired a new position in shares of Nutanix during the third quarter worth $185,000. BlackRock Investment Management LLC acquired a new position in Nutanix during the third quarter worth approximately $195,000. Mark Asset Management Corp acquired a new position in Nutanix during the third quarter worth approximately $222,000. TD Asset Management Inc. acquired a new position in Nutanix during the third quarter worth approximately $259,000. Finally, SG Americas Securities LLC acquired a new position in Nutanix during the third quarter worth approximately $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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