Nutanix, Inc. (NASDAQ:NTNX – Get Free Report) shares reached a new 52-week high during mid-day trading on Friday after StockNews.com upgraded the stock from a buy rating to a strong-buy rating. The company traded as high as $36.50 and last traded at $35.60, with a volume of 2447775 shares. The stock had previously closed at $31.10.
A number of other equities research analysts have also recently commented on the company. Morgan Stanley lifted their target price on Nutanix from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday. Piper Sandler lifted their target price on Nutanix from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday. Wells Fargo & Company lifted their target price on Nutanix from $32.00 to $35.00 in a research note on Friday, May 26th. JMP Securities restated a “market outperform” rating and issued a $35.00 price objective on shares of Nutanix in a research note on Friday. Finally, Bank of America boosted their price objective on Nutanix from $34.00 to $39.00 in a research note on Friday. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.69.
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Nutanix Price Performance
The company has a market cap of $8.23 billion, a PE ratio of -19.83 and a beta of 1.32. The company has a fifty day moving average price of $29.46 and a 200 day moving average price of $27.59.
Nutanix Company Profile
Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.
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