Stock analysts at Summit Redstone initiated coverage on shares of Nutanix Inc (NASDAQ:NTNX) in a research report issued on Friday. The firm set a “sell” rating on the stock. The analysts noted that the move was a valuation call.

A number of other brokerages also recently issued reports on NTNX. Vetr raised Nutanix from a “hold” rating to a “strong-buy” rating and set a $47.17 price objective on the stock in a research note on Tuesday, October 4th. Maxim Group assumed coverage on Nutanix in a research note on Friday, September 30th. They issued a “buy” rating and a $40.00 price objective on the stock.

Shares of Nutanix (NASDAQ:NTNX) traded down 7.345% on Friday, hitting $30.715. The stock had a trading volume of 2,018,527 shares. Nutanix has a 52 week low of $26.10 and a 52 week high of $46.78. The company’s market capitalization is $1.42 billion. The company has a 50-day moving average of $36.16 and a 200 day moving average of $36.16.

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

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