Nutanix, Inc. (NASDAQ:NTNX) has received a “Moderate Buy” rating from fifteen analysts. The stock has four hold ratings and eleven buy ratings, with an average price target of $72.00. Analyst reports have varied, with price target changes from $62.00 to $80.00. The stock currently trades at $53.40, with a market cap of $13.17 billion.
Recent insider activity includes CFO Rukmini Sivaraman selling shares totaling $668,762.52 and CEO Rajiv Ramaswami selling shares worth $1,299,801.34. Institutional investors like Vanguard Group Inc., Generation Investment Management LLP, and FIL Ltd have increased their stakes in Nutanix. The company provides an enterprise cloud platform, offering hyperconverged infrastructure software and services like virtual networking, Kubernetes Engine, and Cloud Clusters.
Overall, Nutanix is attracting attention from analysts and investors alike, with a positive outlook for the company’s future growth.
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https://www.defenseworld.net/2024/06/22/nutanix-inc-nasdaqntnx-receives-consensus-recommendation-of-moderate-buy-from-brokerages.html
