Summit Redstone Initiates Coverage on Nutanix Inc (NTNX)
Summit Redstone assumed coverage on shares of Nutanix Inc (NASDAQ:NTNX) in a report issued on Friday. The brokerage set a “sell” rating on the stock. The analysts noted that the move was a valuation call.
NTNX has been the topic of several other research reports. Vetr upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating and set a $47.17 target price on the stock in a research note on Tuesday, October 4th. Maxim Group began coverage on shares of Nutanix in a research note on Friday, September 30th. They issued a “buy” rating and a $40.00 price objective on the stock.
Nutanix (NASDAQ:NTNX) opened at 30.65 on Friday. The stock’s market cap is $1.41 billion. Nutanix has a 1-year low of $26.10 and a 1-year high of $46.78. The firm has a 50-day moving average of $35.70 and a 200-day moving average of $35.70.
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.
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