The technology company Nutanix, listed on NASDAQ as NTNX, had its target price lowered by Morgan Stanley from $72.00 to $62.00 in a recent research report. This adjustment prompted a number of other research analysts to issue their own reports on the stock. Raymond James upgraded Nutanix to an outperform rating and increased their target price to $76.00. Barclays, on the other hand, downgraded the stock’s price target from $81.00 to $80.00 but maintained an overweight rating. Despite these shifts, the consensus rating for Nutanix remains a moderate buy, with a price target of $72.00.
Shares of Nutanix opened at $53.40 on Friday, with a market capitalization of $13.17 billion. The company’s financials also show a P/E ratio of -762.86 and a beta of 1.10. The stock has a one-year range of $26.47 to $73.69. Additionally, there have been recent insider transactions, with the CFO and COO selling shares of the company.
In terms of institutional investors, several hedge funds have either increased or decreased their stakes in Nutanix. Notable players include Atlantic Edge Private Wealth Management, GAMMA Investing LLC, and Fifth Third Bancorp.
Nutanix offers an enterprise cloud platform that includes hyperconverged infrastructure software, virtualization solutions, networking services, and Kubernetes management. The company operates across various regions, providing services to clients globally.
Overall, despite the recent target price adjustment by Morgan Stanley, Nutanix continues to receive positive ratings from analysts and maintains a strong position in the technology sector. The stock’s performance, insider transactions, and institutional investor interest all indicate ongoing confidence in the company’s growth potential.
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