Fintel reports that on November 13, 2024, Oppenheimer initiated coverage of Nutanix (NasdaqGS:NTNX) with a Outperform recommendation.
Analyst Price Forecast Suggests 2.48% Upside
As of October 22, 2024, the average one-year price target for Nutanix is $74.03/share. The forecasts range from a low of $60.60 to a high of $89.25. The average price target represents an increase of 2.48% from its latest reported closing price of $72.24 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Nutanix is 2,444MM, an increase of 13.74%. The projected annual non-GAAP EPS is 0.70.
What is the Fund Sentiment?
There are 973 funds or institutions reporting positions in Nutanix. This is an increase of 20 owner(s) or 2.10% in the last quarter. Average portfolio weight of all funds dedicated to NTNX is 0.29%, an increase of 2.60%. Total shares owned by institutions increased in the last three months by 2.82% to 228,792K shares. 
The put/call ratio of NTNX is 0.35, indicating a bullish outlook.
What are Other Shareholders Doing?
FDGRX - Fidelity Growth Company Fund holds 13,028K shares representing 4.86% ownership of the company. In its prior filing, the firm reported owning 12,141K shares , representing an increase of 6.80%. The firm increased its portfolio allocation in NTNX by 17.24% over the last quarter.
Generation Investment Management Llp holds 10,100K shares representing 3.77% ownership of the company. In its prior filing, the firm reported owning 12,638K shares , representing a decrease of 25.14%. The firm decreased its portfolio allocation in NTNX by 22.38% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,744K shares representing 2.89% ownership of the company. In its prior filing, the firm reported owning 7,636K shares , representing an increase of 1.39%. The firm decreased its portfolio allocation in NTNX by 9.17% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 6,146K shares representing 2.29% ownership of the company. In its prior filing, the firm reported owning 6,192K shares , representing a decrease of 0.74%. The firm decreased its portfolio allocation in NTNX by 4.09% over the last quarter.
Champlain Investment Partners holds 5,989K shares representing 2.24% ownership of the company. In its prior filing, the firm reported owning 5,774K shares , representing an increase of 3.60%. The firm increased its portfolio allocation in NTNX by 6.57% over the last quarter.
Nutanix Background Information
(This description is provided by the company.)
Nutanix is a global leader in cloud software and a pioneer in hyperconverged infrastructure solutions, making computing invisible anywhere. Organizations around the world use Nutanix software to leverage a single platform to manage any app at any location at any scale for their private, hybrid and multi-cloud environments.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
