Analysts at Summit Redstone started coverage on shares of Nutanix Inc (NASDAQ:NTNX) in a note issued to investors on Friday. The firm set a “sell” rating on the stock. The analysts noted that the move was a valuation call.

Several other analysts have also recently weighed in on the stock. Maxim Group initiated coverage on shares of Nutanix in a research note on Friday, September 30th. They issued a “buy” rating and a $40.00 price objective for the company. Vetr upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating and set a $47.17 target price for the company in a research report on Tuesday, October 4th.

Shares of Nutanix (NASDAQ:NTNX) traded down 2.28% during trading on Friday, reaching $33.91. 1,337,306 shares of the company’s stock were exchanged. The stock’s market cap is $1.56 billion. Nutanix has a 52-week low of $26.10 and a 52-week high of $46.78. The stock’s 50 day moving average price is $36.46 and its 200-day moving average price is $36.46.

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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

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