Key Points
- Nutanix CFO Rukmini Sivaraman sold 38,139 shares at an average price of $70, generating $2.67 million. The sale covered tax-withholding obligations tied to vested equity awards and reduced her stake by 10.49%.
- Nutanix reported quarterly EPS of $0.60, beating estimates by $0.11, while revenue reached $757.08 million—up 15.9% year over year and above expectations.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $72.71; nine analysts rate the stock Buy and nine rate it Hold. Institutional investors own 85.25% of Nutanix shares.
Nutanix (NASDAQ:NTNX - Get Free Report) CFO Rukmini Sivaraman sold 38,139 shares of Nutanix stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $70.00, for a total value of $2,669,730.00. Following the sale, the chief financial officer owned 325,487 shares in the company, valued at $22,784,090. This trade represents a 10.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Nutanix Price Performance
NTNX stock opened at $69.97 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $18.91 billion, a P/E ratio of 13.56, a PEG ratio of 3.90 and a beta of 0.62. The business has a 50 day simple moving average of $62.88 and a 200-day simple moving average of $50.96. Nutanix has a twelve month low of $34.01 and a twelve month high of $79.76.
Nutanix (NASDAQ:NTNX - Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.49 by $0.11. The firm had revenue of $757.08 million during the quarter, compared to the consensus estimate of $738.27 million. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. Nutanix's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 EPS. As a group, equities analysts anticipate that Nutanix will post 1.02 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Needham & Company LLC boosted their price objective on shares of Nutanix from $60.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, August 27th. Zacks Research cut shares of Nutanix from a "strong-buy" rating to a "hold" rating in a report on Monday, August 31st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Nutanix in a report on Thursday, May 28th. Oppenheimer raised their price target on Nutanix from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, August 27th. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Nutanix in a report on Tuesday, August 25th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $72.71.
Read Our Latest Stock Report on Nutanix
Institutional Trading of Nutanix
Several large investors have recently bought and sold shares of NTNX. CX Institutional raised its stake in shares of Nutanix by 134.6% during the 2nd quarter. CX Institutional now owns 488 shares of the technology company's stock worth $25,000 after buying an additional 280 shares during the last quarter. New Millennium Group LLC purchased a new stake in shares of Nutanix in the fourth quarter valued at about $28,000. Parkside Financial Bank & Trust grew its position in shares of Nutanix by 43.8% in the second quarter. Parkside Financial Bank & Trust now owns 578 shares of the technology company's stock valued at $29,000 after purchasing an additional 176 shares during the last quarter. Western Wealth Management LLC purchased a new stake in Nutanix in the 1st quarter valued at approximately $27,000. Finally, Covestor Ltd grew its holdings in Nutanix by 73.1% during the 4th quarter. Covestor Ltd now owns 767 shares of the technology company's stock valued at $40,000 after buying an additional 324 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.
Nutanix Company Profile
(
Get Free Report)
Nutanix, Inc is a cloud computing software company that provides infrastructure and management solutions for enterprise data centers, private clouds, public clouds and hybrid multicloud environments. Its platform is designed to simplify the deployment, operation and management of applications and workloads across on-premises infrastructure and multiple cloud providers.
The company's offerings include the Nutanix Cloud Infrastructure platform, which combines compute, storage and virtualization capabilities; the Nutanix Cloud Manager suite for monitoring, automation, governance and cost management; and Nutanix Unified Storage.
Further Reading
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