Vetr cut shares of Nutanix Inc. (NASDAQ:NTNX) from a strong-buy rating to a buy rating in a research report report published on Tuesday. Vetr currently has $27.22 price target on the technology company’s stock.

A number of other equities research analysts have also recently weighed in on the stock. William Blair reissued a buy rating on shares of Nutanix in a research report on Thursday, August 31st. JMP Securities reissued an outperform rating and issued a $35.00 price target on shares of Nutanix in a research report on Sunday, September 3rd. Oppenheimer Holdings, Inc. reissued a buy rating and issued a $34.00 price target on shares of Nutanix in a research report on Thursday, September 7th. Bank of America Corporation boosted their price target on shares of Nutanix from $30.00 to $35.00 and gave the company a buy rating in a research report on Monday, September 18th. Finally, Piper Jaffray Companies reissued an overweight rating and issued 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, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $30.28.

Nutanix (NASDAQ:NTNX) opened at 25.61 on Tuesday. The company has a 50-day moving average price of $22.85 and a 200-day moving average price of $22.85. Nutanix has a 52 week low of $21.21 and a 52 week high of $35.90. The stock’s market cap is $3.97 billion.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $216.00 million. The firm’s revenue for the quarter was up 61.7% on a year-over-year basis. Equities research analysts anticipate that Nutanix will post ($0.94) EPS for the current year.

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In other news, SVP Rajiv Mirani sold 20,000 shares of the business’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $19.63, for a total transaction of $392,600.00. Following the transaction, the senior vice president now directly owns 271,000 shares in the company, valued at $5,319,730. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sunil Potti sold 10,000 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $22.57, for a total transaction of $225,700.00. Following the transaction, the insider now owns 131,382 shares in the company, valued at $2,965,291.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,646,713 shares of company stock worth $36,183,779.

Several institutional investors have recently modified their holdings of the company. Tenzing Global Management LLC increased its stake in shares of Nutanix by 7.1% during the first quarter. Tenzing Global Management LLC now owns 75,000 shares of the technology company’s stock worth $1,408,000 after acquiring an additional 5,000 shares during the period. United Capital Financial Advisers LLC increased its stake in shares of Nutanix by 7.1% during the first quarter. United Capital Financial Advisers LLC now owns 109,243 shares of the technology company’s stock worth $2,050,000 after acquiring an additional 7,255 shares during the period. Washington Capital Management Inc. increased its stake in shares of Nutanix by 66.7% during the second quarter. Washington Capital Management Inc. now owns 20,000 shares of the technology company’s stock worth $403,000 after acquiring an additional 8,000 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Nutanix by 6.3% during the second quarter. Public Employees Retirement System of Ohio now owns 135,605 shares of the technology company’s stock worth $2,732,000 after acquiring an additional 8,066 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Nutanix by 3,147.6% during the second quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after acquiring an additional 8,530 shares during the period. Institutional investors and hedge funds own 31.48% of the company’s stock.

About Nutanix

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.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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