Nutanix (NASDAQ:NTNX) PT Raised to $36.00 at Morgan Stanley

Nutanix (NASDAQ:NTNX) had its price objective hoisted by analysts at Morgan Stanley from $32.00 to $36.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price target would suggest a potential upside of 3.15% from the company’s previous close.

A number of other analysts have also recently commented on the stock. StockNews.com assumed coverage on shares of Nutanix in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Northland Securities boosted their target price on shares of Nutanix from $39.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank of Canada raised their price target on shares of Nutanix from $38.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday. KeyCorp upped their price objective on shares of Nutanix from $35.00 to $45.00 and gave the company an “overweight” rating in a report on Friday. Finally, Barclays raised their target price on Nutanix from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.69.

Nutanix Price Performance

Shares of NTNX opened at $34.90 on Friday. The business has a 50-day moving average of $29.46 and a 200-day moving average of $27.58. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of -19.83 and a beta of 1.32. Nutanix has a 1 year low of $19.96 and a 1 year high of $36.50.

Institutional Trading of Nutanix

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Nutanix by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 23,344,292 shares of the technology company’s stock valued at $626,094,000 after purchasing an additional 1,116,856 shares during the period. Generation Investment Management LLP boosted its holdings in shares of Nutanix by 4.8% in the 4th quarter. Generation Investment Management LLP now owns 22,080,454 shares of the technology company’s stock worth $575,196,000 after buying an additional 1,019,395 shares during the last quarter. BlackRock Inc. grew its position in Nutanix by 1.2% during the first quarter. BlackRock Inc. now owns 9,703,410 shares of the technology company’s stock valued at $260,245,000 after buying an additional 117,982 shares during the period. Champlain Investment Partners LLC increased its holdings in Nutanix by 14.5% during the second quarter. Champlain Investment Partners LLC now owns 8,656,391 shares of the technology company’s stock worth $242,812,000 after buying an additional 1,096,110 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Nutanix by 4.0% in the first quarter. First Trust Advisors LP now owns 6,266,714 shares of the technology company’s stock worth $162,872,000 after acquiring an additional 238,396 shares during the period. 78.74% of the stock is owned by hedge funds and other institutional investors.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.