Piper Jaffray Companies reaffirmed their buy rating on shares of Nutanix (NASDAQ:NTNX) in a research report released on Friday. The firm currently has a $40.00 target price on the technology company’s stock.

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

Shares of Nutanix (NASDAQ NTNX) traded up $3.26 on Friday, reaching $36.06. The company had a trading volume of 20,915,961 shares, compared to its average volume of 3,135,680. Nutanix has a 52-week low of $14.38 and a 52-week high of $38.28.

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

In other news, EVP David Sangster sold 5,891 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $22.39, for a total value of $131,899.49. Following the completion of the sale, the executive vice president now owns 89,000 shares in the company, valued at $1,992,710. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sunil Potti sold 10,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $21.56, for a total value of $215,600.00. Following the completion of the sale, the insider now owns 113,603 shares of the company’s stock, valued at approximately $2,449,280.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,818,869 shares of company stock valued at $50,980,098. Insiders own 19.81% of the company’s stock.

Several institutional investors have recently made changes to their positions in NTNX. Vanguard Group Inc. lifted its holdings in shares of Nutanix by 65.5% in the first quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock valued at $61,480,000 after buying an additional 1,295,813 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Nutanix by 12.2% in the first quarter. Geode Capital Management LLC now owns 129,489 shares of the technology company’s stock valued at $2,430,000 after buying an additional 14,097 shares during the period. Morgan Stanley lifted its holdings in shares of Nutanix by 1,096.4% during the first quarter. Morgan Stanley now owns 249,427 shares of the technology company’s stock valued at $4,682,000 after purchasing an additional 228,579 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Nutanix by 54.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 40,683 shares of the technology company’s stock valued at $764,000 after purchasing an additional 14,371 shares during the last quarter. Finally, Credit Suisse AG purchased a new stake in shares of Nutanix during the first quarter valued at $418,000. Institutional investors and hedge funds own 35.34% 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.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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