Maxim Group Sticks to Its Buy Rating for Nutanix Inc (NTNX)


Maxim Group analyst Nehal Chokshi reiterated a Buy rating on Nutanix Inc (NTNX) yesterday and set a price target of $48.00. The company’s shares closed last Monday at $26.76.

According to TipRanks.com, Chokshi is a 4-star analyst with an average return of 5.8% and a 52.8% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.

Nutanix Inc has an analyst consensus of Moderate Buy, with a price target consensus of $35.36, representing a 31.2% upside. In a report issued on October 7, William Blair also reiterated a Buy rating on the stock.

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The company has a one-year high of $54.68 and a one-year low of $17.74. Currently, Nutanix Inc has an average volume of 3.57M.

Based on the recent corporate insider activity of 65 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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