Nutanix, Inc. saw their price target increased by Morgan Stanley from $63.00 to $72.00, as reported by Benzinga. Other research analysts have also raised their price targets and ratings for Nutanix. The company currently has an equal-weight rating from Morgan Stanley on their stock. This comes after positive earnings results in which Nutanix reported earnings of $0.17 per share for the quarter. The company had revenue of $565.23 million, surpassing the consensus estimate of $551.82 million.
Director Steven J. Gomo and CFO Rukmini Sivaraman both sold significant amounts of the company’s stock in separate transactions. In the last quarter, insiders sold a total of 129,506 shares worth $8,270,938, representing 0.46% of the company’s shares. Additionally, several institutional investors have made moves with their holdings in Nutanix, including buying and selling shares.
Nutanix provides an enterprise cloud platform that offers a hyperconverged infrastructure software stack, virtualization solutions, network security services, and more. The company operates in various regions globally, providing services to simplify provisioning, operations, and lifecycle management of cloud-native environments and applications.
Overall, Nutanix has seen positive developments in terms of analyst ratings, insider transactions, and institutional investments. Stock analysis reports and the company’s profile indicate a strong position in the market. Investors and analysts continue to show confidence in Nutanix’s potential growth and performance in the future.
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https://www.defenseworld.net/2024/05/24/nutanix-nasdaqntnx-price-target-raised-to-72-00-at-morgan-stanley.html
