Morgan Stanley Lowers Nutanix (NASDAQ:NTNX) Price Target to $62.00

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On Friday, Morgan Stanley decreased the target price for Nutanix stock from $72.00 to $62.00 while maintaining an “equal weight” rating. Other analysts have also adjusted their price targets, with Raymond James raising it to $76.00 and assigning an “outperform” rating. KeyCorp, Susquehanna, and Bank of America have also updated their ratings, resulting in a consensus rating of “Moderate Buy” for Nutanix. The stock currently trades at $52.47 with a market cap of $12.94 billion.

Nutanix CFO Rukmini Sivaraman recently sold a significant number of shares, totaling over $3 million. In a separate transaction, COO David Sangster sold shares worth over $500,000. These insider sales have contributed to a total of nearly $6 million in company stock sold by insiders in the last quarter.

Institutional investors have also been active, with several hedge funds acquiring or increasing their holdings in Nutanix. Cetera Advisors LLC, Cetera Investment Advisers, Burney Co., Tidal Investments LLC, and Motley Fool Asset Management LLC are some of the major investors in the stock.

Nutanix, Inc. provides enterprise cloud platforms worldwide, offering hyperconverged infrastructure software, virtualization solutions, network services, and cloud management tools. The company aims to simplify cloud infrastructure and deployment processes for businesses across various industries.

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