Analysts’ Weekly Ratings Updates for Nutanix (NTNX)

Several brokerages have updated their recommendations and price targets on shares of Nutanix (NASDAQ: NTNX) in the last few weeks:

• 11/28/2024 – Nutanix was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 11/27/2024 – Nutanix had its price target raised by analysts at Morgan Stanley from $72.00 to $78.00. They now have an “overweight” rating on the stock.
• 11/27/2024 – Nutanix had its price target raised by analysts at Piper Sandler from $77.00 to $83.00. They now have an “overweight” rating on the stock.
• 11/27/2024 – Nutanix had its price target raised by analysts at Barclays PLC from $75.00 to $87.00. They now have an “overweight” rating on the stock.
• 11/27/2024 – Nutanix had its “market perform” rating reaffirmed by analysts at Northland Securities. They now have a $77.00 price target on the stock, up previously from $74.00.
• 11/27/2024 – Nutanix had its price target raised by analysts at Wells Fargo & Company from $60.00 to $75.00. They now have an “equal weight” rating on the stock.
• 11/27/2024 – Nutanix had its price target raised by analysts at Needham & Company LLC from $80.00 to $90.00. They now have a “buy” rating on the stock.
• 11/13/2024 – Nutanix is now covered by analysts at Oppenheimer Holdings Inc.. They set an “outperform” rating and a $80.00 price target on the stock.
• 10/28/2024 – Nutanix was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $72.00 price target on the stock, up previously from $71.00.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $65.89 on Monday. The business has a fifty day moving average price of $64.88 and a 200 day moving average price of $59.33. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $75.80. The stock has a market capitalization of $17.47 billion, a P/E ratio of -188.26, a price-to-earnings-growth ratio of 10.80 and a beta of 1.17.

Insiders Place Their Bets

In related news, COO David Sangster sold 11,950 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the transaction, the chief operating officer now owns 123,868 shares of the company’s stock, valued at $7,411,022.44. This trade represents a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total value of $1,430,996.60. Following the transaction, the chief financial officer now owns 192,169 shares of the company’s stock, valued at $11,309,145.65. The trade was a 11.23 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Nutanix in the 2nd quarter valued at about $25,000. ORG Wealth Partners LLC purchased a new position in shares of Nutanix during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC increased its holdings in Nutanix by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after purchasing an additional 281 shares during the last quarter. Advisors Asset Management Inc. raised its position in Nutanix by 150.7% in the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after purchasing an additional 321 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new position in Nutanix during the second quarter worth $32,000. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.