Nutanix (NASDAQ:NTNX) Price Target Raised to $45.00 at KeyCorp

Posted by on Sep 2nd, 2023

Nutanix (NASDAQ:NTNX – Free Report) had its target price raised by KeyCorp from $35.00 to $45.00 in a research report released on Friday, Marketbeat reports. The firm currently has an overweight rating on the technology company’s stock.

Other equities analysts also recently issued research reports about the company. Barclays increased their price target on Nutanix from $38.00 to $43.00 and gave the company an overweight rating in a report on Friday. Bank of America boosted their target price on shares of Nutanix from $34.00 to $39.00 in a research report on Friday. OTR Global lowered Nutanix to a positive rating in a research note on Thursday, May 18th. Piper Sandler increased their price objective on Nutanix from $33.00 to $35.00 in a research report on Thursday, May 25th. Finally, Royal Bank of Canada raised their price objective on shares of Nutanix from $33.00 to $38.00 in a research note on Thursday, May 25th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $37.69.

Get Our Latest Analysis on NTNX

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $34.90 on Friday. The stock has a market capitalization of $8.23 billion, a P/E ratio of -19.83 and a beta of 1.32. The business has a 50-day moving average of $29.46 and a two-hundred day moving average of $27.59. Nutanix has a fifty-two week low of $19.96 and a fifty-two week high of $36.50.

Institutional Investors Weigh In On Nutanix

Institutional investors have recently bought and sold shares of the business. Altshuler Shaham Ltd acquired a new position in shares of Nutanix in the 1st quarter valued at $30,000. EverSource Wealth Advisors LLC bought a new stake in Nutanix in the fourth quarter valued at about $33,000. Point72 Hong Kong Ltd acquired a new stake in shares of Nutanix in the 1st quarter valued at $35,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Nutanix in the 4th quarter worth about $47,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Nutanix during the 4th quarter worth about $49,000. Institutional investors and hedge funds own 78.74% of the company’s stock.

Nutanix Company Profile

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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.

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