Nutanix, Inc. (NASDAQ:NTNX - Get Free Report) CFO Rukmini Sivaraman sold 53,029 shares of the business's stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the sale, the chief financial officer now owns 144,635 shares of the company's stock, valued at approximately $9,368,008.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Nutanix Trading Down 2.0 %
Shares of NASDAQ:NTNX opened at $64.25 on Friday. The company has a fifty day moving average of $61.45 and a 200-day moving average of $49.48. Nutanix, Inc. has a 52-week low of $23.34 and a 52-week high of $66.99.
Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $565.23 million for the quarter, compared to analyst estimates of $551.82 million. As a group, equities research analysts predict that Nutanix, Inc. will post -0.05 earnings per share for the current fiscal year.
Analyst Ratings Changes
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A number of brokerages have recently issued reports on NTNX. JMP Securities boosted their price objective on Nutanix from $50.00 to $70.00 and gave the stock a "market outperform" rating in a report on Monday, February 5th. William Blair upgraded shares of Nutanix from a "market perform" rating to an "outperform" rating in a research report on Wednesday, January 17th. KeyCorp lifted their price target on shares of Nutanix from $68.00 to $69.00 and gave the company an "overweight" rating in a research report on Thursday, February 29th. Bank of America lifted their price target on shares of Nutanix from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, February 29th. Finally, Piper Sandler lifted their price target on shares of Nutanix from $67.00 to $76.00 and gave the company an "overweight" rating in a research report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Nutanix currently has an average rating of "Moderate Buy" and a consensus price target of $65.17.
Get Our Latest Stock Report on NTNX
Institutional Trading of Nutanix
Several institutional investors have recently modified their holdings of the business. Symmetry Partners LLC grew its stake in shares of Nutanix by 14.8% in the first quarter. Symmetry Partners LLC now owns 6,552 shares of the technology company's stock worth $404,000 after purchasing an additional 844 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of Nutanix in the fourth quarter worth $37,000. Syon Capital LLC bought a new stake in shares of Nutanix in the fourth quarter worth $1,622,000. FIL Ltd grew its stake in shares of Nutanix by 74.7% in the fourth quarter. FIL Ltd now owns 8,908,166 shares of the technology company's stock worth $424,830,000 after purchasing an additional 3,809,981 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Nutanix by 6.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 144,143 shares of the technology company's stock valued at $6,874,000 after acquiring an additional 8,191 shares during the last quarter. Institutional investors own 85.25% of the company's stock.
Nutanix Company Profile
(
Get Free Report)
Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.
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