Nutanix (NTNX) PT Raised to $61.00
Nutanix (NASDAQ:NTNX) had its price target boosted by Needham & Company LLC from $48.00 to $61.00 in a research note published on Tuesday, Marketbeat Ratings reports. The firm currently has a buy rating on the technology company’s stock.
Other analysts have also recently issued research reports about the company. Royal Bank of Canada restated a buy rating and issued a $40.00 price target on shares of Nutanix in a research report on Friday, December 1st. Maxim Group upped their price target on Nutanix from $39.00 to $51.00 and gave the stock a buy rating in a research report on Friday, December 1st. Piper Jaffray Companies restated a buy rating and issued a $40.00 price target on shares of Nutanix in a research report on Friday, December 1st. Vetr cut Nutanix from a strong-buy rating to a buy rating and set a $33.55 price target for the company. in a research report on Tuesday, November 21st. Finally, Robert W. Baird restated a buy rating and issued a $41.00 price target (up previously from $31.00) on shares of Nutanix in a research report on Wednesday, November 29th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $44.48.
Shares of Nutanix (NTNX) opened at $53.04 on Tuesday. Nutanix has a 1 year low of $14.38 and a 1 year high of $53.67.
In other news, Director Jeffrey T. Parks sold 1,858,951 shares of the company’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $37.94, for a total value of $70,528,600.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kenneth W. Long III sold 60,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $35.87, for a total value of $2,152,200.00. Following the completion of the transaction, the vice president now directly owns 176,171 shares of the company’s stock, valued at approximately $6,319,253.77. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,808,918 shares of company stock valued at $104,706,913. Corporate insiders own 19.81% of the company’s stock.
A number of institutional investors have recently made changes to their positions in NTNX. Delpha Capital Management LLC bought a new position in Nutanix during the fourth quarter valued at approximately $104,000. Focused Wealth Management Inc boosted its stake in Nutanix by 107.2% during the fourth quarter. Focused Wealth Management Inc now owns 4,059 shares of the technology company’s stock valued at $143,000 after buying an additional 2,100 shares during the last quarter. US Bancorp DE boosted its stake in Nutanix by 850.6% during the fourth quarter. US Bancorp DE now owns 4,753 shares of the technology company’s stock valued at $168,000 after buying an additional 4,253 shares during the last quarter. First American Bank bought a new position in Nutanix during the fourth quarter valued at approximately $207,000. Finally, Fox Run Management L.L.C. bought a new position in Nutanix during the fourth quarter valued at approximately $212,000. 44.29% 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.
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