KeyBanc Keeps Their Buy Rating on Nutanix Inc

By Carrie Williams

KeyBanc analyst Alex Kurtz maintained a Buy rating on Nutanix Inc (NASDAQ: NTNX) today and set a price target of $61. The company’s shares opened today at $52.70, close to its 52-week high of $53.67.

According to TipRanks.com, Kurtz is a 5-star analyst with an average return of 18.4% and a 66.7% success rate. Kurtz covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Juniper Networks.

Currently, the analyst consensus on Nutanix Inc is Strong Buy and the average price target is $53.31, representing a 1.2% upside.

In a report issued on March 9, Stifel Nicolaus also initiated coverage with a Buy rating on the stock with a $52 price target.

The company has a one-year high of $53.67 and a one-year low of $14.38. Currently, Nutanix Inc has an average volume of 4.04M.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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. provides 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.