Nutanix Inc (NASDAQ:NTNX) had its target price lifted by stock analysts at KeyCorp from $37.00 to $38.00 in a research report issued on Wednesday. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target indicates a potential upside of 18.86% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Maxim Group started coverage on shares of Nutanix in a research report on Friday, September 30th. They set a “buy” rating and a $40.00 price objective on the stock. Needham & Company LLC started coverage on shares of Nutanix in a research report on Tuesday, October 25th. They set a “buy” rating and a $36.00 price objective on the stock. JMP Securities reaffirmed a “buy” rating on shares of Nutanix in a research report on Wednesday. Robert W. Baird reaffirmed a “buy” rating and set a $32.46 price objective (down previously from $37.00) on shares of Nutanix in a research report on Wednesday. Finally, Morgan Stanley started coverage on shares of Nutanix in a research report on Tuesday, October 25th. They set an “equal weight” rating and a $27.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $36.63.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

Nutanix (NASDAQ:NTNX) traded down 6.13% on Wednesday, reaching $32.00. 3,462,657 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $29.71 and a 200 day moving average of $30.98. The stock’s market capitalization is $1.47 billion. Nutanix has a 12 month low of $23.11 and a 12 month high of $46.78.

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In other Nutanix news, major shareholder Canada Pension Plan Investment purchased 584,093 shares of the firm’s stock in a transaction on Thursday, October 27th. The shares were purchased at an average price of $28.13 per share, for a total transaction of $16,430,536.09. Following the completion of the purchase, the insider now directly owns 2,210,807 shares of the company’s stock, valued at $62,190,000.91. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Several hedge funds and other institutional investors have recently modified their holdings of NTNX. Picton Mahoney Asset Management bought a new position in shares of Nutanix during the third quarter worth about $185,000. BlackRock Investment Management LLC bought a new position in shares of Nutanix during the third quarter worth about $195,000. Mark Asset Management Corp bought a new position in shares of Nutanix during the third quarter worth about $222,000. TD Asset Management Inc. bought a new position in shares of Nutanix during the third quarter worth about $259,000. Finally, SG Americas Securities LLC bought a new position in shares of Nutanix during the third quarter worth about $282,000.

Nutanix Company Profile

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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