Nutanix (NTNX) Upgraded at Vetr
Vetr upgraded shares of Nutanix (NASDAQ:NTNX) from a buy rating to a strong-buy rating in a report published on Tuesday morning. Vetr currently has $38.98 price objective on the technology company’s stock.
Several other equities research analysts also recently weighed in on the company. William Blair reissued a buy rating on shares of Nutanix in a report on Thursday, August 31st. JMP Securities reissued an outperform rating and issued a $35.00 price target on shares of Nutanix in a report on Sunday, September 3rd. ValuEngine downgraded Nutanix from a hold rating to a sell rating in a report on Thursday, November 9th. Zacks Investment Research downgraded Nutanix from a buy rating to a hold rating in a report on Wednesday, November 8th. Finally, Oppenheimer restated a buy rating and issued a $34.00 price objective on shares of Nutanix in a research note on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Nutanix presently has a consensus rating of Buy and an average price target of $34.74.
Shares of Nutanix (NASDAQ:NTNX) traded up $0.11 during midday trading on Tuesday, reaching $35.45. The company’s stock had a trading volume of 4,899,800 shares, compared to its average volume of 3,177,125. Nutanix has a fifty-two week low of $14.38 and a fifty-two week high of $38.28.
In related news, EVP David Sangster sold 5,891 shares of Nutanix stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $22.39, for a total transaction of $131,899.49. Following the completion of the transaction, the executive vice president now directly owns 89,000 shares in the company, valued at $1,992,710. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dheeraj Pandey sold 71,400 shares of Nutanix stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $35.33, for a total value of $2,522,562.00. Following the transaction, the chief executive officer now owns 288,612 shares of the company’s stock, valued at $10,196,661.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,973,569 shares of company stock valued at $59,383,248. 19.81% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in NTNX. Thompson Davis & CO. Inc. raised its position 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 raised its position in Nutanix by 3,147.6% during the second quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after acquiring an additional 8,530 shares in the last quarter. SG Americas Securities LLC purchased a new position in Nutanix during the second quarter valued at approximately $186,000. PNC Financial Services Group Inc. purchased a new position in Nutanix during the second quarter valued at approximately $208,000. Finally, Stifel Financial Corp purchased a new position in Nutanix during the third quarter valued at approximately $215,000. Institutional investors own 35.35% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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