By otakuyassine3@gmail.com 
Nutanix (NASDAQ:NTNX – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.
NTNX has been the topic of several other reports. Wells Fargo & Company increased their price target on shares of Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Oppenheimer assumed coverage on shares of Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price target on the stock. Northland Securities reissued a “market perform” rating and set a $77.00 price target (up from $74.00) on shares of Nutanix in a research note on Wednesday, November 27th. Raymond James decreased their price target on shares of Nutanix from $83.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Finally, Piper Sandler raised their price objective on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Nutanix has an average rating of “Moderate Buy” and a consensus target price of $78.87.
Check Out Our Latest Research Report on NTNX
Nutanix Trading Up 0.0 %
NASDAQ NTNX opened at $68.77 on Friday. The firm has a market cap of $18.43 billion, a price-to-earnings ratio of -196.49, a PEG ratio of 11.26 and a beta of 1.17. The company has a 50 day moving average of $65.22 and a 200-day moving average of $61.27. Nutanix has a 1-year low of $43.35 and a 1-year high of $75.80.
Insider Buying and Selling
In other Nutanix news, CEO Rajiv Ramaswami sold 63,901 shares of Nutanix stock in a transaction on Monday, December 16th. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85. Following the sale, the chief executive officer now directly owns 649,034 shares in the company, valued at approximately $42,738,888.90. The trade was a 8.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total transaction of $392,263.80. Following the completion of the sale, the director now owns 45,330 shares in the company, valued at $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,065 shares of company stock worth $5,405,141 over the last ninety days. Company insiders own 6.80% of the company’s stock.
Institutional Investors Weigh In On Nutanix
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new stake in Nutanix in the 3rd quarter valued at $27,000. Allworth Financial LP increased its stake in Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after buying an additional 256 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Nutanix by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after purchasing an additional 281 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after purchasing an additional 321 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in shares of Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after purchasing an additional 199 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.
Nutanix Company Profile
Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.
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