Nutanix (NASDAQ: NTNX) recently had its target price decreased by Barclays from $81.00 to $80.00 with an overweight rating on the stock. Other research reports have also been issued by different analysts, with varying target prices and ratings. The stock currently has an average rating of Moderate Buy and an average price target of $72.77.
Shares of NTNX opened at $56.36 on Thursday, with a 1 year low of $26.47 and a high of $73.69. The company reported $0.17 earnings per share for the quarter and had revenue of $565.23 million. Insiders have been actively trading the stock, with CEO Rajiv Ramaswami and insider Tyler Wall both selling shares recently.
Institutional investors have made changes to their holdings of NTNX, with Massachusetts Financial Services Co. and Raymond James & Associates increasing their positions in the company. Nutanix provides an enterprise cloud platform that offers various services including hyperconverged infrastructure software, virtualization solutions, and networking services.
Overall, Nutanix remains a popular stock among analysts and investors, with positive ratings and price targets from several sources. The company’s financial performance and strategic initiatives continue to attract interest from the market.
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