Insider Selling: Nutanix, Inc. (NASDAQ:NTNX) CEO Sells 7,740 Shares of Stock

Nutanix, Inc. (NASDAQ:NTNX) CEO Rajiv Ramaswami sold 7,740 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $75.00, for a total value of $580,500.00. Following the sale, the chief executive officer now owns 558,366 shares in the company, valued at $41,877,450. The trade was a 1.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Rajiv Ramaswami also recently made the following trade(s):

• On Tuesday, February 4th, Rajiv Ramaswami sold 95,852 shares of Nutanix stock. The shares were sold at an average price of $70.00, for a total value of $6,709,640.00.

Nutanix Stock Performance

NTNX opened at $71.96 on Friday. The stock’s 50 day moving average price is $70.26 and its 200-day moving average price is $66.26. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99. The stock has a market capitalization of $19.19 billion, a PE ratio of -205.60, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04.

Analyst Ratings Changes

Several analysts have issued reports on the company. Northland Securities raised Nutanix from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. Barclays set a $94.00 price objective on shares of Nutanix and gave the company an “overweight” rating in a research note on Thursday, February 27th. Wells Fargo & Company lifted their target price on shares of Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Needham & Company LLC upped their price target on shares of Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Piper Sandler lifted their price objective on Nutanix from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Nutanix presently has a consensus rating of “Buy” and a consensus target price of $87.79.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NTNX. Advisors Asset Management Inc. boosted its stake in shares of Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after purchasing an additional 321 shares in the last quarter. Citigroup Inc. boosted its position in Nutanix by 22.8% during the 3rd quarter. Citigroup Inc. now owns 155,129 shares of the technology company’s stock valued at $9,191,000 after acquiring an additional 28,853 shares in the last quarter. Great Valley Advisor Group Inc. bought a new stake in Nutanix during the 3rd quarter valued at approximately $226,000. Cerity Partners LLC grew its holdings in shares of Nutanix by 159.9% during the 3rd quarter. Cerity Partners LLC now owns 43,972 shares of the technology company’s stock worth $2,605,000 after acquiring an additional 27,053 shares during the period. Finally, Larson Financial Group LLC raised its position in shares of Nutanix by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after acquiring an additional 281 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Company Profile

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.