JMP Securities Begins Coverage on Nutanix Inc (NTNX)

Equities research analysts at JMP Securities began coverage on shares of Nutanix Inc (NASDAQ:NTNX) in a report issued on Tuesday, The Fly reports. The brokerage set an “outperform” rating on the stock.

A number of other research analysts have also recently commented on NTNX. Vetr upgraded Nutanix from a “hold” rating to a “strong-buy” rating and set a $47.17 price objective on the stock in a research note on Tuesday, October 4th. Maxim Group began coverage on Nutanix in a research note on Friday, September 30th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Summit Redstone began coverage on Nutanix in a research note on Friday. They set a “sell” rating on the stock. They noted that the move was a valuation call.

Shares of Nutanix (NASDAQ:NTNX) opened at 30.65 on Tuesday. The firm’s 50-day moving average price is $35.70 and its 200-day moving average price is $35.70. The firm’s market capitalization is $1.41 billion. Nutanix has a 52-week low of $26.10 and a 52-week high of $46.78.

Nutanix Company Profile

Nutanix, Inc (Nutanix) provides an enterprise cloud platform that converges silos of server, virtualization and storage into one integrated solution and connects to public cloud services. The Company’s software-driven platform delivers the scalability and pay-as-you-grow economics of the public cloud, while addressing enterprise requirements of application mobility, security, data integrity and control.

5 Day Chart for NASDAQ:NTNX

The Fly

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