Research analysts at Wells Fargo & Company began coverage on shares of Nutanix Inc. (NASDAQ:NTNX) in a research note issued on Tuesday. The firm set an “outperform” rating on the technology company’s stock.

A number of other research analysts have also recently weighed in on NTNX. Zacks Investment Research cut Nutanix from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. ValuEngine cut Nutanix from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Stifel Nicolaus set a $25.00 target price on Nutanix and gave the company a “hold” rating in a report on Tuesday, August 15th. Maxim Group reiterated a “buy” rating and issued a $41.00 target price on shares of Nutanix in a report on Friday, September 22nd. Finally, Jefferies Group LLC began coverage on Nutanix in a report on Thursday, August 17th. They issued a “buy” rating and a $30.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Nutanix presently has a consensus rating of “Buy” and an average target price of $30.25.

Shares of Nutanix (NASDAQ:NTNX) remained flat at $$28.87 during trading on Tuesday. 1,174,100 shares of the company’s stock were exchanged, compared to its average volume of 3,017,806. Nutanix has a 52-week low of $14.38 and a 52-week high of $34.96.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.38) by $0.05. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. The firm had revenue of $226.10 million for the quarter, compared to analysts’ expectations of $216.00 million. The business’s revenue was up 61.7% compared to the same quarter last year. research analysts expect that Nutanix will post -2.19 earnings per share for the current fiscal year.

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In related news, EVP David Sangster sold 27,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $21.13, for a total value of $570,510.00. Following the completion of the sale, the executive vice president now directly owns 103,500 shares of the company’s stock, valued at $2,186,955. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Kenneth W. Long III sold 30,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $29.11, for a total value of $873,300.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 536,891 shares of company stock worth $12,765,319. Insiders own 19.81% of the company’s stock.

A number of institutional investors have recently made changes to their positions in NTNX. FMR LLC increased its holdings in Nutanix by 320.6% in the second quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock valued at $242,686,000 after buying an additional 9,180,123 shares during the last quarter. Franklin Resources Inc. bought a new stake in Nutanix in the second quarter valued at about $55,063,000. Vanguard Group Inc. increased its holdings in Nutanix by 65.5% in the first quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock valued at $61,480,000 after buying an additional 1,295,813 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Nutanix by 3,462.4% in the second quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock valued at $14,808,000 after buying an additional 714,257 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC bought a new stake in Nutanix in the third quarter valued at about $14,668,000. 31.53% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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