Key Points
- Nutanix CFO Rukmini Sivaraman sold 232,712 shares at an average price of $74.55, generating approximately $17.35 million. The sale reduced her stake by 71.5%, leaving her with 92,775 shares.
- Nutanix shares opened at $72.88 and were down 1.7%, while the company reported quarterly EPS of $0.60 and revenue of $757.08 million—both above analyst expectations.
- Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and an average price target of $73.07; institutional investors own approximately 85.25% of the stock.
Nutanix (NASDAQ:NTNX - Get Free Report) CFO Rukmini Sivaraman sold 232,712 shares of Nutanix stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $74.55, for a total value of $17,348,679.60. Following the completion of the sale, the chief financial officer owned 92,775 shares of the company's stock, valued at $6,916,376.25. This trade represents a 71.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Rukmini Sivaraman also recently made the following trade(s):
- On Thursday, September 17th, Rukmini Sivaraman sold 38,139 shares of Nutanix stock. The shares were sold at an average price of $70.00, for a total transaction of $2,669,730.00.
Nutanix Trading Down 1.7%
Shares of NTNX stock opened at $72.88 on Wednesday. The firm has a market cap of $19.72 billion, a P/E ratio of 62.83, a PEG ratio of 3.68 and a beta of 0.64. Nutanix has a 1-year low of $34.01 and a 1-year high of $75.98. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.80 and a quick ratio of 1.80. The firm's 50-day simple moving average is $68.20 and its 200-day simple moving average is $54.93.
Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.11. The company had revenue of $757.08 million during the quarter, compared to analysts' expectations of $738.27 million. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. The business's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 EPS. As a group, equities analysts forecast that Nutanix will post 1.17 EPS for the current year.
Hedge Funds Weigh In On Nutanix
A number of hedge funds have recently made changes to their positions in the business. CX Institutional lifted its holdings in shares of Nutanix by 134.6% during the 2nd quarter. CX Institutional now owns 488 shares of the technology company's stock valued at $25,000 after acquiring an additional 280 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Nutanix by 43.8% in the 2nd 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 in the last quarter. Western Wealth Management LLC acquired a new stake in Nutanix in the 1st quarter valued at $27,000. CoreCap Advisors LLC raised its position in Nutanix by 28.6% in the second quarter. CoreCap Advisors LLC now owns 900 shares of the technology company's stock valued at $46,000 after purchasing an additional 200 shares during the period. Finally, Hilltop National Bank purchased a new position in Nutanix in the second quarter valued at about $47,000. Hedge funds and other institutional investors own 85.25% of the company's stock.
Analyst Ratings Changes
NTNX has been the subject of a number of research reports. KeyCorp boosted their price target on Nutanix from $65.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, August 24th. Wall Street Zen upgraded Nutanix from a "hold" rating to a "buy" rating in a report on Saturday, July 4th. Zacks Research lowered Nutanix from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 31st. Piper Sandler reaffirmed an "overweight" rating and issued a $75.00 price objective (up from $60.00) on shares of Nutanix in a research note on Thursday, August 27th. Finally, Royal Bank Of Canada boosted their target price on Nutanix from $84.00 to $90.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $73.07.
View Our Latest Analysis on NTNX
Nutanix Company Profile
(
Get Free Report)
Nutanix, Inc develops enterprise cloud software that helps organizations manage applications and data across on-premises infrastructure, public clouds and hybrid multicloud environments. Its platform is designed to simplify the operation of data centers and cloud resources through a unified software experience.
The company's offerings include hyperconverged infrastructure software, the Nutanix Cloud Infrastructure platform and AHV virtualization. Nutanix also provides services for file and object storage, databases, disaster recovery, Kubernetes and application management, as well as tools that help customers monitor, secure and govern their hybrid and multicloud environments.
Founded in 2009 and headquartered in San Jose, California, Nutanix serves businesses, government organizations and other institutions globally through direct sales and channel partners.
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