Piper Jaffray Believes Nutanix Inc (NASDAQ: NTNX) Won’t Stop Here

In a report released yesterday, Andrew Nowinski from Piper Jaffray reiterated a Buy rating on Nutanix Inc (NASDAQ: NTNX), with a price target of $44. The company’s shares closed yesterday at $35.93, close to its 52-week high of $38.80.

According to TipRanks.com, Nowinski is a 3-star analyst with an average return of 4.0% and a 48.9% success rate. Nowinski covers the Technology sector, focusing on stocks such as Interxion Holding NV, Barracuda Networks, and CommVault Systems.

Currently, the analyst consensus on Nutanix Inc is Strong Buy and the average price target is $40.58, representing a 12.9% upside.

In a report issued on January 9, Oppenheimer also assigned a Buy rating to the stock with a $43 price target.

The company has a one-year high of $38.80 and a one-year low of $14.38. Currently, Nutanix Inc has an average volume of 3.65M.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NTNX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Nutanix, Inc. provides enterprise virtualization and storage solutions. It specializes in cloud operating system that converges traditional silos of server, virtualization, storage, and networking into one integrated solution and unifies private and public cloud into a single software fabric. Its products are offered through the Acropolis and Prism brands.

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