Nutanix (NASDAQ:NTNX) had its price objective lifted by Morgan Stanley from $22.00 to $35.00 in a report released on Friday morning.

NTNX has been the subject of several other research reports. Stifel Nicolaus set a $25.00 target price on shares of Nutanix and gave the stock a hold rating in a research note on Tuesday, August 15th. Jefferies Group started coverage on shares of Nutanix in a research note on Thursday, August 17th. They issued a buy rating and a $30.00 target price for the company. William Blair reiterated a buy rating on shares of Nutanix in a research note on Thursday, August 31st. Bank of America reiterated a buy rating and issued a $27.00 target price on shares of Nutanix in a research note on Thursday, August 31st. Finally, KeyCorp reiterated a buy rating and issued a $32.00 target price on shares of Nutanix in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $33.74.

Shares of Nutanix (NASDAQ NTNX) traded up $3.26 during mid-day trading on Friday, reaching $36.06. 20,915,961 shares of the company’s stock traded hands, compared to its average volume of 3,135,680. Nutanix has a twelve month low of $14.38 and a twelve month high of $38.28.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Thursday, November 30th. The technology company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.10. The business had revenue of $275.60 million for the quarter, compared to analyst estimates of $267.02 million. Nutanix had a negative net margin of 40.81% and a negative return on equity of 363.55%. The company’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.37) earnings per share. equities analysts forecast that Nutanix will post -2.19 EPS for the current year.

In related news, EVP David Sangster sold 27,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $21.13, for a total transaction of $570,510.00. Following the completion of the transaction, the executive vice president now owns 103,500 shares of the company’s stock, valued at $2,186,955. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey T. Parks sold 30,089 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $29.27, for a total transaction of $880,705.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,818,869 shares of company stock valued at $50,980,098. 19.81% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Brown Advisory Inc. grew its stake in Nutanix by 4.4% during the third quarter. Brown Advisory Inc. now owns 76,570 shares of the technology company’s stock valued at $1,714,000 after acquiring an additional 3,254 shares in the last quarter. Thompson Davis & CO. Inc. grew its stake in Nutanix by 320.0% during the third quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock valued at $118,000 after acquiring an additional 4,000 shares in the last quarter. Legal & General Group Plc grew its stake in Nutanix by 54.7% during the third quarter. Legal & General Group Plc now owns 13,615 shares of the technology company’s stock valued at $305,000 after acquiring an additional 4,814 shares in the last quarter. New York State Common Retirement Fund grew its stake in Nutanix by 0.9% during the third quarter. New York State Common Retirement Fund now owns 532,700 shares of the technology company’s stock valued at $11,927,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Jasper Ridge Partners L.P. grew its stake in Nutanix by 9.2% during the third quarter. Jasper Ridge Partners L.P. now owns 68,339 shares of the technology company’s stock valued at $1,530,000 after acquiring an additional 5,734 shares in the last quarter. 35.34% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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