Price Change to Note: Nutanix Inc Increases Again; Strong Momentum for Buyers

Price Change to Note: Nutanix Inc Increases Again; Strong Momentum for Buyers

The stock of Nutanix Inc (NASDAQ:NTNX) is a huge mover today! About 1.64M shares traded hands. Nutanix Inc (NASDAQ:NTNX) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.
The move comes after 6 months positive chart setup for the $5.23B company. It was reported on Nov, 16 by Barchart.com. We have $46.01 PT which if reached, will make NASDAQ:NTNX worth $2.04 billion more.

Nutanix Inc (NASDAQ:NTNX) Ratings Coverage

Out of 12 analysts covering Nutanix (NASDAQ:NTNX), 7 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 58% are positive. Nutanix has been the topic of 12 analyst reports since October 25, 2016 according to StockzIntelligence Inc. The firm has “Outperform” rating by Credit Suisse given on Tuesday, October 25. The stock of Nutanix Inc (NASDAQ:NTNX) earned “Overweight” rating by Piper Jaffray on Tuesday, October 25. The rating was initiated by JP Morgan on Tuesday, October 25 with “Neutral”. The company was initiated on Tuesday, October 25 by Oppenheimer. The rating was initiated by Robert W. Baird on Tuesday, October 25 with “Outperform”. Morgan Stanley initiated the stock with “Equal-Weight” rating in Tuesday, October 25 report. The rating was initiated by Stifel Nicolaus on Tuesday, October 25 with “Hold”. The firm has “Buy” rating by Needham given on Tuesday, October 25. The firm earned “Overweight” rating on Tuesday, October 25 by Pacific Crest. Raymond James initiated the shares of NTNX in a report on Tuesday, October 25 with “Mkt Perform” rating.

According to Zacks Investment Research, “Nutanix, Inc. provides an enterprise cloud platform which converges silos of server, virtualization and storage into integrated solution and connects to public cloud services. Nutanix, Inc. is based in San Jose, United States.”

More news for Nutanix Inc (NASDAQ:NTNX) were recently published by: Businesswire.com, which released: “Nutanix Announces AHV Certification for SAP® Business Suite powered by SAP …” on November 10, 2016. Businesswire.com‘s article titled: “Nutanix Announces Earnings Release Date and Conference Call for First Quarter …” and published on November 07, 2016 is yet another important article.

NTNX 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. It has combined Web-scale technologies with consumer-grade design to deliver an enterprise cloud platform that elevates information technology (IT) organizations to focus on the applications and services that manage their businesses. The Firm refers to its platform as invisible infrastructure as it provides availability and low-touch management, and enables application mobility across computing environments. The Company’s platform is designed to run on commodity x86 servers with off-the-shelf central processing units (CPUs), memory and storage media.

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