Trade Report: Today, Nutanix’s (NTNX) “Neutral” Rating Reaffirm at BTIG Research

Today, Nutanix’s (NTNX) “Neutral” Rating Reaffirm at BTIG Research

Nutanix Inc (NASDAQ:NTNX)‘s stock had its “neutral” rating reissued by investment analysts at BTIG Research in a report issued on Monday.

A number of other research firms also recently commented on NTNX. Vetr raised shares of Nutanix from a “hold” rating to a “strong-buy” rating and set a $47.17 price objective for the company in a research note on Tuesday, October 4th. Summit Redstone began coverage on shares of Nutanix in a research note on Friday, October 14th. They set a “sell” rating for the company. They noted that the move was a valuation call. JMP Securities began coverage on shares of Nutanix in a research note on Tuesday, October 18th. They set an “outperform” rating and a $38.00 price objective for the company. RBC Capital Markets began coverage on shares of Nutanix in a research note on Tuesday, October 25th. They set an “outperform” rating and a $36.00 price objective for the company. Finally, Robert W. Baird began coverage on shares of Nutanix in a research note on Tuesday, October 25th. They set an “outperform” rating and a $37.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $36.26.

Shares of Nutanix (NASDAQ:NTNX) traded down 1.94% on Monday, reaching $33.34. 1,319,032 shares of the company were exchanged. The stock’s market capitalization is $1.54 billion. The company has a 50-day moving average price of $29.84 and a 200 day moving average price of $30.92. Nutanix has a 1-year low of $23.11 and a 1-year high of $46.78.

In other news, major shareholder Canada Pension Plan Investment acquired 104,200 shares of the stock in a transaction on Wednesday, October 26th. The stock was bought at an average price of $28.96 per share, with a total value of $3,017,632.00. Following the completion of the transaction, the insider now directly owns 1,945,407 shares of the company’s stock, valued at $56,338,986.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management acquired a new position in Nutanix during the third quarter valued at approximately $185,000. BlackRock Investment Management LLC acquired a new position in Nutanix during the third quarter valued at approximately $195,000. Mark Asset Management Corp acquired a new position in Nutanix during the third quarter valued at approximately $222,000. TD Asset Management Inc. acquired a new position in Nutanix during the third quarter valued at approximately $259,000. Finally, SG Americas Securities LLC acquired a new position in Nutanix during the third quarter valued at approximately $282,000.

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