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.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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.

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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