Nutanix Inc (NTNX) Earns Sell Rating from Analysts at Summit Redstone
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.
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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