Nutanix, Inc. (NASDAQ:NTNX – Get Free Report) has been given an average rating of “Moderate Buy” by the fifteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $73.31. Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. KeyCorp upped their target price on Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Royal Bank of Canada boosted their price objective on Nutanix from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Northland Capmk lowered Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 30th. Finally, Morgan Stanley boosted their price target on shares of Nutanix from $62.00 to $71.00 and gave the company an “equal weight” rating in a report on Thursday, August 29th.
Get Nutanix alerts: View Our Latest Stock Report on Nutanix Insider Activity Institutional Investors Weigh In On Nutanix In related news, COO David Sangster sold 10,384 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $562,708.96. Following the completion of the transaction, the chief operating officer now owns 64,333 shares of the company’s stock, valued at $3,486,205.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . In other news, CEO Rajiv Ramaswami sold 23,986 shares of Nutanix stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $1,299,801.34. Following the transaction, the chief executive officer now owns 407,045 shares of the company’s stock, valued at approximately $22,057,768.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, COO David Sangster sold 10,384 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction of $562,708.96. Following the sale, the chief operating officer now directly owns 64,333 shares of the company’s stock, valued at $3,486,205.27. The disclosure for this sale can be found here . In the last ninety days, insiders have sold 46,936 shares of company stock worth $2,531,273. 0.46% of the stock is owned by company insiders.
also increased its holdings in Nutanix by 10.5% during the fourth quarter. Victory Capital Management Inc. now owns 10,000 shares of Nutanix valued at $400,000. The recent changes in institutional investor and hedge fund holdings of Nutanix stock suggest a potential shift in sentiment towards the company.
Let’s break down Nutanix’s price performance and what it tells us. **1. Historical Performance:** Nutanix stock has experienced significant fluctuations over the past year.
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