Nutanix Inc (NASDAQ:NTNX)‘s stock had its “buy” rating reiterated by analysts at Robert W. Baird in a research note issued on Wednesday. They currently have a $32.46 price objective on the stock, down from their prior price objective of $37.00. Robert W. Baird’s price objective would suggest a potential downside of 4.78% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. Needham & Company LLC reissued a “buy” rating on shares of Nutanix in a research note on Wednesday. JMP Securities reaffirmed a “buy” rating on shares of Nutanix in a research report on Wednesday. RBC Capital Markets lifted their price target on shares of Nutanix from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank Of Canada lifted their price target on shares of Nutanix from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Nutanix in a research report on Monday. One equities 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 given a strong buy rating to the company’s stock. Nutanix has an average rating of “Buy” and a consensus target price of $36.23.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

Nutanix (NASDAQ:NTNX) traded down 5.13% during mid-day trading on Wednesday, reaching $32.34. The company’s stock had a trading volume of 2,544,525 shares. The firm’s market capitalization is $1.49 billion. The company’s 50-day moving average price is $29.71 and its 200 day moving average price is $30.98. Nutanix has a 52 week low of $23.11 and a 52 week high of $46.78.

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In other Nutanix news, major shareholder Canada Pension Plan Investment purchased 584,093 shares of the company’s stock in a transaction on Thursday, October 27th. The stock was acquired 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 in the company, valued at approximately $62,190,000.91. The purchase was disclosed in a filing with the SEC, which is available through this link.

Several institutional investors have recently bought and sold shares of the company. 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.

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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