Nutanix, Inc. (NASDAQ:NTNX) Director Steven J. Gomo Sells 7,000 Shares of Stock

Nutanix, Inc. (NASDAQ:NTNX) Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction on Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the sale, the director now directly owns 3,050 shares of the company’s stock, valued at $232,288. This represents a 69.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Nutanix Stock Up 0.0 %

NASDAQ:NTNX opened at $77.10 on Thursday. The firm’s fifty day simple moving average is $67.74 and its 200 day simple moving average is $64.82. The stock has a market cap of $20.66 billion, a P/E ratio of -220.29, a price-to-earnings-growth ratio of 11.80 and a beta of 1.17. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NTNX shares. Royal Bank of Canada lifted their price target on Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Oppenheimer lifted their price target on shares of Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Northland Securities upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. StockNews.com lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $87.79.

Institutional Investors Weigh In On Nutanix

Several institutional investors and hedge funds have recently modified their holdings of NTNX. Larson Financial Group LLC increased its position in shares of Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after buying an additional 146 shares during the period. True Wealth Design LLC boosted its position in Nutanix by 13.2% during the 4th quarter. True Wealth Design LLC now owns 1,249 shares of the technology company’s stock valued at $76,000 after acquiring an additional 146 shares in the last quarter. Freedom Investment Management Inc. grew its holdings in shares of Nutanix by 4.0% during the 3rd quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock worth $230,000 after acquiring an additional 151 shares during the period. Azzad Asset Management Inc. ADV raised its position in shares of Nutanix by 0.5% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 34,887 shares of the technology company’s stock worth $2,134,000 after acquiring an additional 159 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its position in shares of Nutanix by 3.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company’s stock worth $349,000 after acquiring an additional 188 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

About Nutanix

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.