Maxim Group assumed coverage on shares of Nutanix Inc (NASDAQ:NTNX) in a research report released on Friday morning. The brokerage issued a buy rating and a $40.00 target price on the stock.

Shares of Nutanix (NASDAQ:NTNX) traded up 11.16% on Friday, reaching $41.13. The company’s stock had a trading volume of 9,762,851 shares. The firm’s 50 day moving average is $0.00 and its 200-day moving average is $0.00. Nutanix has a 52-week low of $37.50 and a 52-week high of $41.78.

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

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