Robert W. Baird reissued their buy rating on shares of Nutanix (NASDAQ:NTNX) in a research report report published on Wednesday. They currently have a $41.00 price target on the technology company’s stock.

Several other equities analysts also recently weighed in on the company. Maxim Group reaffirmed a buy rating and issued a $51.00 target price on shares of Nutanix in a research report on Friday, December 22nd. Vetr raised Nutanix from a buy rating to a strong-buy rating and set a $38.98 target price for the company in a research report on Tuesday, December 12th. Zacks Investment Research raised Nutanix from a hold rating to a buy rating and set a $38.00 target price for the company in a research report on Wednesday, December 6th. Raymond James Financial set a $37.00 target price on Nutanix and gave the company a buy rating in a research report on Monday, December 4th. Finally, Royal Bank of Canada reaffirmed a buy rating and issued a $40.00 target price on shares of Nutanix in a research report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $34.74.

Nutanix (NASDAQ:NTNX) traded down $0.53 during midday trading on Wednesday, reaching $36.24. The company’s stock had a trading volume of 3,879,576 shares, compared to its average volume of 4,520,000. The firm has a market cap of $5,810.00 and a P/E ratio of -14.98. Nutanix has a 52 week low of $14.38 and a 52 week high of $38.28.

Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.10. The company had revenue of $275.60 million during the quarter, compared to the consensus estimate of $267.02 million. Nutanix had a negative return on equity of 271.31% and a negative net margin of 40.81%. Nutanix’s revenue was up 46.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.37) EPS. equities analysts forecast that Nutanix will post -1.72 EPS for the current fiscal year.

In related news, CEO Dheeraj Pandey sold 71,400 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $35.33, for a total transaction of $2,522,562.00. Following the completion of the sale, the chief executive officer now owns 288,612 shares in the company, valued at $10,196,661.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kenneth W. Long III sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $35.87, for a total value of $2,152,200.00. Following the sale, the vice president now owns 176,171 shares of the company’s stock, valued at approximately $6,319,253.77. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,354,670 shares of company stock valued at $73,904,939. 19.81% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Thompson Davis & CO. Inc. lifted its stake in Nutanix by 320.0% during the third quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock worth $118,000 after purchasing an additional 4,000 shares during the last quarter. Legal & General Group Plc increased its position in Nutanix by 3,147.6% during the second quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after buying an additional 8,530 shares during the period. SG Americas Securities LLC acquired a new position in Nutanix during the second quarter worth approximately $186,000. PNC Financial Services Group Inc. acquired a new position in Nutanix during the second quarter worth approximately $208,000. Finally, Stifel Financial Corp acquired a new position in Nutanix during the third quarter worth approximately $215,000. Hedge funds and other institutional investors own 35.33% of the company’s stock.

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About Nutanix

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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