Several other research firms have also weighed in on NTNX. Vetr upgraded Nutanix from a hold rating to a strong-buy rating and set a $47.17 price target on the stock in a report on Tuesday, October 4th. Summit Redstone assumed coverage on Nutanix in a report on Friday, October 14th. They set a sell rating on the stock. They noted that the move was a valuation call. Finally, Maxim Group assumed coverage on Nutanix in a report on Friday, September 30th. They set a buy rating and a $40.00 price target on the stock.
Nutanix (NASDAQ:NTNX) traded up 0.85% during trading on Tuesday, hitting $31.00. The stock had a trading volume of 354,581 shares. The stock’s 50-day moving average is $35.32 and its 200-day moving average is $35.32. The stock’s market capitalization is $1.43 billion. Nutanix has a 52-week low of $26.10 and a 52-week high of $46.78.
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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