Nutanix Inc. (NASDAQ:NTNX)’s share price rose 5.5% during mid-day trading on Wednesday . The stock traded as high as $22.50 and last traded at $22.48. Approximately 5,493,776 shares traded hands during mid-day trading, an increase of 45% from the average daily volume of 3,790,530 shares. The stock had previously closed at $21.30.

NTNX has been the subject of several analyst reports. BTIG Research reissued a “hold” rating and issued a $22.00 price objective on shares of Nutanix in a report on Friday, September 1st. Bank of America Corporation reissued a “buy” rating and issued a $27.00 price objective on shares of Nutanix in a report on Tuesday, May 30th. JMP Securities reissued an “outperform” rating and issued a $35.00 price objective on shares of Nutanix in a report on Sunday, September 3rd. Credit Suisse Group reissued a “buy” rating and issued a $38.00 price objective on shares of Nutanix in a report on Friday, July 28th. Finally, Goldman Sachs Group, Inc. (The) raised Nutanix from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $30.69.

The stock’s market capitalization is $3.36 billion. The company has a 50 day moving average of $22.00 and a 200-day moving average of $20.06.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.38) by $0.05. Nutanix had a negative net margin of 59.72% and a negative return on equity of 248.46%. The company had revenue of $226.10 million during the quarter, compared to the consensus estimate of $216 million. Nutanix’s revenue was up 61.7% on a year-over-year basis. Equities research analysts anticipate that Nutanix Inc. will post ($1.05) earnings per share for the current year.

In other news, SVP Rajiv Mirani sold 20,000 shares of Nutanix stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $17.16, for a total transaction of $343,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sunil Potti sold 55,000 shares of Nutanix stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $17.33, for a total transaction of $953,150.00. Following the sale, the insider now owns 144,165 shares of the company’s stock, valued at $2,498,379.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,243,967 shares of company stock valued at $47,263,903.

Several hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its position in shares of Nutanix by 6.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 135,605 shares of the technology company’s stock valued at $2,732,000 after acquiring an additional 8,066 shares during the period. Fairfield Bush & CO. purchased a new position in shares of Nutanix during the 2nd quarter worth approximately $2,760,000. California State Teachers Retirement System increased its stake in shares of Nutanix by 107.0% during the 2nd quarter. California State Teachers Retirement System now owns 61,700 shares of the technology company’s stock worth $1,243,000 after purchasing an additional 31,900 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Nutanix by 661.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,383 shares of the technology company’s stock worth $612,000 after purchasing an additional 26,393 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Nutanix by 146.7% during the 2nd quarter. State Street Corp now owns 547,995 shares of the technology company’s stock worth $11,042,000 after purchasing an additional 325,821 shares in the last quarter. Institutional investors own 32.20% of the company’s stock.

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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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