Stock analysts at StockNews.com began coverage on shares of Nutanix (NASDAQ:NTNX – Get Rating) in a report issued on Thursday. The firm set a “buy” rating on the technology company’s stock.
A number of other research firms also recently commented on NTNX. Needham & Company LLC reissued a “buy” rating and set a $33.00 target price on shares of Nutanix in a research report on Tuesday, March 7th. Susquehanna reissued a “positive” rating and set a $34.00 target price on shares of Nutanix in a research report on Thursday, March 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $33.00 price target on shares of Nutanix in a report on Tuesday, March 7th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.92.
Nutanix Stock Up 2.3 %
NTNX opened at $26.27 on Thursday. The stock’s fifty day moving average is $24.92 and its two-hundred day moving average is $27.05. The company has a market capitalization of $6.04 billion, a P/E ratio of -12.33 and a beta of 1.36. Nutanix has a 52 week low of $13.44 and a 52 week high of $33.73.
Institutional Trading of Nutanix
Nutanix Company Profile
Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.
- Get a free copy of the StockNews.com research report on Nutanix (NTNX)
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