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A statement released earlier today by FBN Securities about Nutanix (NASDAQ:NTNX) bumps the target price to $30.00

Yesterday Nutanix (NASDAQ:NTNX) traded 0.24% higher at $29.18. The company’s 50-day moving average is $29.00 and its 200-day moving average is $29.77. The last stock close price is down -1.75% from the 200-day moving average, compared to the S&P 500 which has decreased -0.04% over the same time. 16,331 shares of the stock were exchanged, down from an average trading volume of 1,770,330

FBN Securities bumped up the target of Nutanix (NASDAQ:NTNX) to $30.00 stating a potential upside of 0.03%.

See Chart Below

Nutanix (NASDAQ:NTNX)

Nutanix has a 52 week low of $23.11 and a 52 week high of $46.78 The company’s market cap is currently $0.

General Information About Nutanix (NASDAQ:NTNX)

Nutanix, Inc. is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company's enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas. Its solution consists of software product families, including Acropolis and Prism. Its solution is delivered on commodity x86 servers. Acropolis includes its Distributed Storage Fabric that delivers enterprise-grade data management features. Acropolis also includes a built-in hypervisor, and its Application Mobility Fabric that enables application placement, conversion and migration across various hypervisors, and between public and private clouds. Prism delivers integrated virtualization and infrastructure management, operational analytics and a suite of one-click administration capabilities.

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