Nutanix Inc (NTNX) Given Neutral Rating at Susquehanna
Susquehanna restated their neutral rating on shares of Nutanix Inc (NASDAQ:NTNX) in a research report sent to investors on Wednesday morning. They currently have a $29.00 target price on the stock, up from their previous target price of $24.00.
A number of other brokerages have also recently commented on NTNX. Vetr raised Nutanix from a hold rating to a strong-buy rating and set a $47.17 target price for the company in a report on Tuesday, October 4th. Summit Redstone started coverage on Nutanix in a report on Friday, October 14th. They issued a sell rating for the company. They noted that the move was a valuation call. Royal Bank Of Canada increased their price objective on Nutanix from $36.00 to $38.00 and gave the stock an outperform rating in a research report on Wednesday. Robert W. Baird reiterated a buy rating and issued a $32.46 price objective (down from $37.00) on shares of Nutanix in a research report on Wednesday. Finally, JMP Securities reiterated a buy rating on shares of Nutanix in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $36.31.
Nutanix (NASDAQ:NTNX) opened at 32.00 on Wednesday. The stock’s market cap is $1.47 billion. Nutanix has a one year low of $23.11 and a one year 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 bought 584,093 shares of the business’s stock in a transaction dated Thursday, October 27th. The shares were acquired at an average price of $28.13 per share, for a total transaction of $16,430,536.09. Following the completion of the transaction, the insider now owns 2,210,807 shares of the company’s stock, valued at $62,190,000.91. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Several hedge funds have recently bought and sold shares of NTNX. Picton Mahoney Asset Management purchased a new stake in Nutanix during the third quarter worth approximately $185,000. BlackRock Investment Management LLC purchased a new stake in Nutanix during the third quarter worth approximately $195,000. Mark Asset Management Corp purchased a new stake in Nutanix during the third quarter worth approximately $222,000. TD Asset Management Inc. purchased a new stake in Nutanix during the third quarter worth approximately $259,000. Finally, SG Americas Securities LLC purchased a new stake in Nutanix during the third quarter worth approximately $282,000.
Nutanix Company Profile
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.
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