Nutanix Inc (NASDAQ:NTNX)‘s stock had its “neutral” rating restated by investment analysts at BTIG Research in a report released on Monday.

NTNX has been the topic of several other reports. Goldman Sachs Group Inc. began coverage on shares of Nutanix in a research note on Tuesday, October 25th. They issued a “neutral” rating and a $30.00 price target on the stock. Robert W. Baird began coverage on shares of Nutanix in a research note on Tuesday, October 25th. They issued an “outperform” rating and a $37.00 price target on the stock. Credit Suisse Group AG reissued an “outperform” rating and issued a $38.00 price target on shares of Nutanix in a research note on Tuesday, November 15th. Maxim Group began coverage on shares of Nutanix in a research note on Friday, September 30th. They issued a “buy” rating and a $40.00 price target on the stock. Finally, Stifel Nicolaus began coverage on shares of Nutanix in a research note on Tuesday, October 25th. They issued a “hold” rating and a $35.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $36.26.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

Nutanix (NASDAQ:NTNX) traded down 1.94% during midday trading on Monday, reaching $33.34. 1,319,032 shares of the company’s stock traded hands. The company’s market capitalization is $1.54 billion. The firm’s 50-day moving average is $29.84 and its 200-day moving average is $30.92. Nutanix has a 1-year low of $23.11 and a 1-year high of $46.78.

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In other Nutanix news, major shareholder Canada Pension Plan Investment acquired 584,093 shares of the stock in a transaction dated Thursday, October 27th. The stock was acquired at an average price of $28.13 per share, with a total value of $16,430,536.09. Following the completion of the purchase, the insider now owns 2,210,807 shares in the company, valued at approximately $62,190,000.91. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Picton Mahoney Asset Management acquired a new position in Nutanix during the third quarter valued at approximately $185,000. BlackRock Investment Management LLC acquired a new position in Nutanix during the third quarter valued at approximately $195,000. Mark Asset Management Corp acquired a new position in Nutanix during the third quarter valued at approximately $222,000. TD Asset Management Inc. acquired a new position in Nutanix during the third quarter valued at approximately $259,000. Finally, SG Americas Securities LLC acquired a new position in Nutanix during the third quarter valued at 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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