Nutanix downgraded to Equal Weight from Overweight at Barclays

Barclays analyst Tim Long downgraded Nutanix (NTNX) to Equal Weight from Overweight with a price target of $53, down from $64. The company is in the “middle innings” of its VMWare share gain opportunity, the analyst tells investors in a research note. Barclays sees slowing share wins slowing, which will hurt bookings and create elongating deal cycles.