A number of research firms have changed their ratings and price targets for Nutanix (NASDAQ: NTNX):

  • 9/18/2017 – Nutanix had its price target raised by analysts at Bank of America Corporation from $30.00 to $35.00. They now have a “buy” rating on the stock.
  • 9/14/2017 – Nutanix had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $28.00 price target on the stock.
  • 9/8/2017 – Nutanix was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $25.00 price target on the stock. According to Zacks, “Nutanix, Inc. provides an enterprise cloud platform which converges silos of server, virtualization and storage into integrated solution and connects to public cloud services. Nutanix, Inc. is based in San Jose, United States. “
  • 9/7/2017 – Nutanix had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $34.00 price target on the stock.
  • 9/3/2017 – Nutanix had its “neutral” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $21.00 price target on the stock, up previously from $19.00.
  • 9/3/2017 – Nutanix had its “outperform” rating reaffirmed by analysts at JMP Securities. They now have a $35.00 price target on the stock.
  • 9/1/2017 – Nutanix had its “hold” rating reaffirmed by analysts at BTIG Research. They now have a $22.00 price target on the stock.
  • 9/1/2017 – Nutanix had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $32.00 price target on the stock.
  • 9/1/2017 – Nutanix had its price target raised by analysts at Morgan Stanley from $19.00 to $22.00. They now have a “weight” rating on the stock.
  • 9/1/2017 – Nutanix had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $41.00 price target on the stock.
  • 9/1/2017 – Nutanix had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $28.00 price target on the stock.
  • 8/31/2017 – Nutanix had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $28.00 price target on the stock, up previously from $27.00.
  • 8/31/2017 – Nutanix had its “buy” rating reaffirmed by analysts at William Blair.
  • 8/31/2017 – Nutanix had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $27.00 price target on the stock.
  • 8/17/2017 – Nutanix is now covered by analysts at Jefferies Group LLC. They set a “buy” rating and a $30.00 price target on the stock.
  • 8/15/2017 – Nutanix was given a new $25.00 price target on by analysts at Stifel Nicolaus. They now have a “hold” rating on the stock.
  • 7/28/2017 – Nutanix had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $38.00 price target on the stock.

Shares of Nutanix Inc. (NASDAQ NTNX) traded up 5.43% on Monday, reaching $22.73. 7,309,167 shares of the company were exchanged. The stock’s market capitalization is $3.47 billion. The firm has a 50 day moving average price of $21.73 and a 200-day moving average price of $24.83. Nutanix Inc. has a 12-month low of $14.38 and a 12-month high of $46.78.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.38) by $0.05. The business had revenue of $226.10 million for the quarter, compared to analyst estimates of $216.00 million. Nutanix had a negative net margin of 59.72% and a negative return on equity of 248.46%. The business’s revenue for the quarter was up 61.7% compared to the same quarter last year. On average, analysts predict that Nutanix Inc. will post ($0.96) EPS for the current fiscal year.

In related news, President Sudheesh Nair Vadakkedath sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $21.99, for a total transaction of $549,750.00. Following the sale, the president now owns 110,519 shares of the company’s stock, valued at approximately $2,430,312.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kenneth W. Long III sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $24.00, for a total transaction of $720,000.00. Following the sale, the vice president now directly owns 240,234 shares in the company, valued at approximately $5,765,616. The disclosure for this sale can be found here. Insiders have sold a total of 2,207,833 shares of company stock worth $47,214,826 in the last ninety days.

Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.

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