Nutanix Inc. (NASDAQ:NTNX) shot up 5% on Monday . The company traded as high as $23.54 and last traded at $23.51. 5,521,030 shares were traded during trading, an increase of 40% from the average session volume of 3,944,130 shares. The stock had previously closed at $22.39.

Several equities analysts have recently issued reports on the company. Morgan Stanley reiterated an “equal weight” rating and set a $22.00 price objective on shares of Nutanix in a research report on Sunday. Robert W. Baird restated a “buy” rating and issued a $31.00 target price (up from $28.00) on shares of Nutanix in a research report on Monday, September 25th. Maxim Group reaffirmed a “buy” rating and set a $41.00 target price on shares of Nutanix in a research note on Friday, September 22nd. Bank of America Corporation lifted their target price on Nutanix from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, September 18th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $28.00 price target on shares of Nutanix in a research report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $31.19.

The stock’s 50 day moving average price is $22.63 and its 200-day moving average price is $22.63. The stock’s market capitalization is $3.59 billion.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Thursday, August 31st. The technology company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.05. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The firm had revenue of $226.10 million for the quarter, compared to the consensus estimate of $216.00 million. Nutanix’s revenue for the quarter was up 61.7% compared to the same quarter last year. Equities analysts forecast that Nutanix Inc. will post ($0.94) EPS for the current year.

In related news, insider Sunil Potti sold 10,000 shares of the stock in a transaction on Monday, July 17th. The shares were sold at an average price of $22.57, for a total transaction of $225,700.00. Following the completion of the transaction, the insider now owns 131,382 shares in the company, valued at $2,965,291.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey T. Parks sold 1,234,822 shares of the stock in a transaction on Friday, July 14th. The stock was sold at an average price of $21.97, for a total transaction of $27,129,039.34. The disclosure for this sale can be found here. Insiders sold 1,646,713 shares of company stock worth $36,183,779 over the last quarter.

Several institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN grew its stake in Nutanix by 30.7% in the first quarter. Wells Fargo & Company MN now owns 60,584 shares of the technology company’s stock valued at $1,137,000 after purchasing an additional 14,233 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Nutanix by 31.0% during the 1st quarter. Bank of New York Mellon Corp now owns 42,718 shares of the technology company’s stock worth $802,000 after purchasing an additional 10,119 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Nutanix by 70.2% during the 1st quarter. Ameriprise Financial Inc. now owns 155,418 shares of the technology company’s stock worth $2,916,000 after purchasing an additional 64,102 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Nutanix by 66.5% during the 1st quarter. Quantbot Technologies LP now owns 14,202 shares of the technology company’s stock worth $266,000 after purchasing an additional 5,673 shares in the last quarter. Finally, Stifel Financial Corp bought a new stake in shares of Nutanix during the 1st quarter worth approximately $546,000. Institutional investors own 31.48% of the company’s stock.

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Nutanix Company Profile

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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