Summit Redstone Initiates Coverage on Nutanix Inc (NTNX)

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.

About Nutanix

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

Receive News & Ratings for Nutanix Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix Inc and related companies with's FREE daily email newsletter.

Leave a Reply

© 2006-2016 Mideast Time.