Morgan Stanley Reaffirms Their Hold Rating on Nutanix (NTNX)

Morgan Stanley analyst Kathryn Huberty maintained a Hold rating on Nutanix (NTNXResearch Report) today and set a price target of $35.00. The company’s shares closed last Friday at $30.10.

According to, Huberty is a 5-star analyst with an average return of 13.9% and a 62.2% success rate. Huberty covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Dell Technologies.

Nutanix has an analyst consensus of Moderate Buy, with a price target consensus of $39.60, a 31.8% upside from current levels. In a report issued on February 24, Raymond James also maintained a Hold rating on the stock.

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Nutanix’s market cap is currently $6B and has a P/E ratio of -7.00. The company has a Price to Book ratio of -8.18.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NTNX in relation to earlier this year.

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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.