Nutanix (NTNX) received a price target increase from Needham & Company LLC, rising from $72.00 to $80.00 and maintaining a buy rating on the stock. Other analysts, including Morgan Stanley and Bank of America, have also raised their price targets for Nutanix. The company’s stock performance has been positive, with an average rating of Moderate Buy and a consensus price target of $72.77.
Nutanix reported its earnings results on February 28th, with a revenue of $565.23 million for the quarter and an EPS of $0.17. The company is expected to post -0.04 EPS for the current fiscal year. Insiders, such as COO David Sangster and insider Tyler Wall, have been selling shares of the company.
Institutional investors, including FMR LLC and Vanguard Group Inc., have increased their holdings in Nutanix stock. Nutanix provides an enterprise cloud platform with hyperconverged infrastructure software and virtualization solutions. The company aims to simplify the provisioning and management of cloud-native environments and applications.
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