Nutanix Inc (NASDAQ:NTNX)‘s stock had its “buy” rating restated by investment analysts at Maxim Group in a report released on Thursday. They presently have a $42.00 target price on the stock, up from their prior target price of $40.00. Maxim Group’s target price would suggest a potential upside of 31.37% from the stock’s previous close.

NTNX has been the subject of several other reports. Vetr upgraded Nutanix from a “hold” rating to a “strong-buy” rating and set a $47.17 price objective for the company in a research report on Tuesday, October 4th. Summit Redstone started coverage on shares of Nutanix in a research note on Friday, October 14th. They issued a “sell” rating for the company. They noted that the move was a valuation call. BTIG Research started coverage on shares of Nutanix in a research note on Wednesday, October 19th. They issued a “neutral” rating for the company. JMP Securities started coverage on shares of Nutanix in a research note on Tuesday, October 18th. They issued an “outperform” rating and a $38.00 target price for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Nutanix in a research note on Tuesday, October 25th. They issued a “neutral” rating and a $33.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Nutanix currently has a consensus rating of “Buy” and an average target price of $36.31.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

Shares of Nutanix (NASDAQ:NTNX) opened at 32.00 on Thursday. The firm’s market capitalization is $1.47 billion. Nutanix has a 52 week low of $23.11 and a 52 week high of $46.78. The stock has a 50 day moving average price of $29.71 and a 200 day moving average price of $30.98.

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In other news, major shareholder Canada Pension Plan Investment acquired 584,093 shares of the business’s stock in a transaction on Thursday, October 27th. The shares were purchased at an average price of $28.13 per share, for a total transaction of $16,430,536.09. Following the acquisition, the insider now directly owns 2,210,807 shares of the company’s stock, valued at approximately $62,190,000.91. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

A number of institutional investors have recently modified their holdings of NTNX. GAM Holding AG purchased a new position in shares of Nutanix during the third quarter worth approximately $4,884,000. JPMorgan Chase & Co. purchased a new position in shares of Nutanix during the third quarter worth approximately $29,979,000. UBS Asset Management Americas Inc. purchased a new position in shares of Nutanix during the third quarter worth approximately $2,925,000. AO Asset Management LLC purchased a new position in shares of Nutanix during the third quarter worth approximately $555,000. Finally, Geduld E E purchased a new position in shares of Nutanix during the third quarter worth approximately $422,000.

About Nutanix

Nutanix, Inc (Nutanix) provides an enterprise cloud platform that converges silos of server, virtualization and storage into one integrated solution and connects to public cloud services. The Company’s software-driven platform delivers the scalability and pay-as-you-grow economics of the public cloud, while addressing enterprise requirements of application mobility, security, data integrity and control.

5 Day Chart for NASDAQ:NTNX

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