The Nutanix Inc (NTNX) Receives New Coverage from Analysts at KeyCorp

The Nutanix Inc (NTNX) Receives New Coverage from Analysts at KeyCorp

KeyCorp initiated coverage on shares of Nutanix Inc (NASDAQ:NTNX) in a research note released on Tuesday, The Fly reports. The firm issued an overweight rating on the stock.

Other equities research analysts also recently issued research reports about the company. Goldman Sachs Group Inc. initiated coverage on Nutanix in a report on Tuesday, October 25th. They set a neutral rating and a $30.00 target price for the company. Robert W. Baird initiated coverage on Nutanix in a report on Tuesday, October 25th. They set an outperform rating and a $37.00 target price for the company. Maxim Group initiated coverage on Nutanix in a report on Friday, September 30th. They set a buy rating and a $40.00 target price for the company. Stifel Nicolaus initiated coverage on Nutanix in a report on Tuesday, October 25th. They set a hold rating and a $35.00 target price for the company. Finally, Pacific Crest initiated coverage on Nutanix in a report on Tuesday, October 25th. They set an overweight rating and a $37.00 target price for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $36.26.

Nutanix (NASDAQ:NTNX) opened at 24.84 on Tuesday. The firm’s market cap is $1.14 billion. The company’s 50-day moving average is $32.70 and its 200 day moving average is $32.70. Nutanix has a 12 month low of $24.50 and a 12 month high of $46.78.

In other Nutanix news, major shareholder Canada Pension Plan Investment bought 104,200 shares of the firm’s stock in a transaction on Wednesday, October 26th. The shares were purchased at an average price of $28.96 per share, for a total transaction of $3,017,632.00. Following the completion of the transaction, the insider now directly owns 1,945,407 shares in the company, valued at approximately $56,338,986.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Nutanix during the third quarter worth approximately $740,000. Lebenthal Lisanti Capital Growth LLC purchased a new stake in shares of Nutanix during the third quarter worth approximately $1,062,000. Finally, Henderson Group PLC purchased a new stake in shares of Nutanix during the third quarter worth approximately $3,925,000.

Nutanix Company Profile

Nutanix, Inc (Nutanix) provides an enterprise cloud platform that converges silos of server, virtualization and storage into one integrated solution and connects to public cloud services. The Company’s software-driven platform delivers the scalability and pay-as-you-grow economics of the public cloud, while addressing enterprise requirements of application mobility, security, data integrity and control.

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