Nutanix price target raised to $43 from $38 at Barclays

Barclays raised the firm’s price target on Nutanix to $43 from $38 and keeps an Overweight rating on the shares. The company reported “solid” fiscal Q4 results, aided by strong renewals, the analyst tells investors in a research note. The firm says fundamental demand for HCI and hybrid computing remain relatively strong with better competitive positioning taking hold.