Nutanix (NASDAQ:NTNX – Free Report) had its price objective boosted by KeyCorp from $60.00 to $68.00 in a research note issued to investors on Friday, Benzinga reports. KeyCorp currently has an overweight rating on the technology company’s stock.
A number of other research analysts have also commented on NTNX. Royal Bank of Canada increased their price objective on Nutanix from $47.00 to $54.00 and gave the company an outperform rating in a research report on Thursday, November 30th. Wells Fargo & Company boosted their price target on Nutanix from $35.00 to $42.00 and gave the company an equal weight rating in a report on Thursday, November 30th. Piper Sandler increased their price objective on shares of Nutanix from $42.00 to $50.00 and gave the stock an overweight rating in a research note on Thursday, November 30th. Susquehanna raised their target price on shares of Nutanix from $48.00 to $60.00 and gave the stock a positive rating in a research note on Friday, December 1st. Finally, Needham & Company LLC increased their price objective on Nutanix from $54.00 to $62.00 and gave the stock a buy rating in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Nutanix has a consensus rating of Moderate Buy and an average price target of $54.00.
Nutanix Price Performance
Nutanix (NASDAQ:NTNX – Get Free Report) last announced its earnings results on Wednesday, November 29th. The technology company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.11. The firm had revenue of $511.10 million for the quarter, compared to analyst estimates of $501.26 million. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.32) EPS. On average, equities research analysts predict that Nutanix will post -0.19 EPS for the current fiscal year.
In other news, insider Tyler Wall sold 35,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $47.12, for a total transaction of $1,649,200.00. Following the completion of the transaction, the insider now owns 37,277 shares in the company, valued at approximately $1,756,492.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Tyler Wall sold 35,000 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $47.12, for a total transaction of $1,649,200.00. Following the completion of the transaction, the insider now directly owns 37,277 shares in the company, valued at approximately $1,756,492.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO David Sangster sold 10,616 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $46.04, for a total transaction of $488,760.64. Following the completion of the transaction, the chief operating officer now directly owns 68,471 shares in the company, valued at approximately $3,152,404.84. The disclosure for this sale can be found here. Insiders sold a total of 157,229 shares of company stock valued at $7,276,868 over the last three months. Corporate insiders own 0.46% of the company’s stock.
Hedge Funds Weigh In On Nutanix
Several institutional investors and hedge funds have recently bought and sold shares of NTNX. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Nutanix during the fourth quarter valued at about $29,000. GAMMA Investing LLC purchased a new stake in Nutanix during the 4th quarter valued at about $30,000. BluePath Capital Management LLC purchased a new stake in shares of Nutanix during the third quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Nutanix in the 4th quarter worth $40,000. Finally, BOK Financial Private Wealth Inc. purchased a new position in Nutanix in the 3rd quarter worth about $42,000. 78.74% of the stock is currently owned by institutional investors.
Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.
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