In a report released on February 26, Matthew Hedberg from RBC Capital maintained a Buy rating on Nutanix (NTNX – Research Report), with a price target of $68.00. The company’s shares closed yesterday at $59.04.
Hedberg covers the Technology sector, focusing on stocks such as Couchbase, F5 Networks, and Palo Alto Networks. According to TipRanks, Hedberg has an average return of 12.0% and a 56.89% success rate on recommended stocks.
In addition to RBC Capital, Nutanix also received a Buy from J.P. Morgan’s Pinjalim Bora in a report issued on February 26. However, on February 23, Morgan Stanley maintained a Hold rating on Nutanix (NASDAQ: NTNX).
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The company has a one-year high of $59.87 and a one-year low of $23.35. Currently, Nutanix has an average volume of 2.47M.
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Nutanix (NTNX) Company Description:
Nutanix, Inc. engages in the provision of enterprise virtualization and storage solutions. It specializes in cloud operating system that converges traditional silos of server, virtualization, storage, and networking into one integrated solution and unifies private and public cloud into a single software fabric. Its products are offered through the Acropolis and Prism brands. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.
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