Shares of Nutanix were up 1% Tuesday, trading around $30.25, after several of its underwriters initiated ratings on the stock. J.P. Morgan initiated coverage with a neutral rating and $33 price target. Stifel initiated coverage with a hold rating and $35 price target. Pacific Crest initiated coverage at an overweight rating and $37 price target. Baird initiated coverage at an outperform rating and a $37 price target. RBC Capital Markets, which did not underwrite the offering, initiated coverage at an outperform rating and $36 price target. Shares of Nutanix have lost 18% month-to-date, compared to the S&P 500’s drop of 1%.
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