BUZZ-Nutanix shares hit record high after quarterly results beat estimates

Shares of Nutanix NTNX.O rose to a record high after the software firm reported quarterly results that beat estimates

NTNX is up ~12% and is on track for the biggest daily pct gain since August last year

After the close on Wed, NTNX reported that rev rose 15.8% to $654.72 mln from a year ago; analysts expected $641.86 mln. Adj EPS of 56 cents beat estimates of 47 cents.

Multiple analysts, including from JPMorgan, RBC, Wells Fargo, and Bank of America, raised their PT following NTNX's result

Among 18 analysts covering NTNX, their avg rating is "BUY" and median PT is $88

NTNX is up 27% YTD including today's move, versus a ~3.3% drop in the S&P 500 technology index .SPLRCT