Equities researchers at Summit Redstone initiated coverage on shares of Nutanix Inc (NASDAQ:NTNX) in a research report issued to clients and investors on Friday, The Fly reports. The firm set a “sell” rating on the stock.
A number of other research firms have also weighed in on NTNX. Vetr raised shares of Nutanix from a “hold” rating to a “strong-buy” rating and set a $47.17 target price for the company in a report on Tuesday, October 4th. Maxim Group started coverage on shares of Nutanix in a report on Friday, September 30th. They issued a “buy” rating and a $40.00 target price for the company.
Shares of Nutanix (NASDAQ:NTNX) opened at 34.70 on Friday. The company’s market capitalization is $1.60 billion. Nutanix has a 12-month low of $26.10 and a 12-month high of $46.78. The company’s 50-day moving average is $36.46 and its 200-day moving average is $36.46.
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.
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