Nutanix, Inc. (NASDAQ:NTNX) CEO Rajiv Ramaswami Sells 63,901 Shares

Nutanix, Inc. (NASDAQ:NTNX) CEO Rajiv Ramaswami sold 63,901 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the transaction, the chief executive officer now owns 649,034 shares of the company’s stock, valued at approximately $42,738,888.90. The trade was a 8.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nutanix Trading Down 0.2 %

Shares of NTNX opened at $66.14 on Wednesday. The firm has a market cap of $17.72 billion, a PE ratio of -188.97, a P/E/G ratio of 10.34 and a beta of 1.13. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $75.80. The firm has a fifty day simple moving average of $66.44 and a two-hundred day simple moving average of $59.10.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC grew its position in shares of Nutanix by 4.0% during the 3rd quarter. Tidal Investments LLC now owns 22,297 shares of the technology company’s stock valued at $1,321,000 after acquiring an additional 862 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Nutanix during the third quarter valued at about $111,000. Sanctuary Advisors LLC bought a new position in shares of Nutanix in the third quarter worth about $555,000. Geode Capital Management LLC lifted its position in shares of Nutanix by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock valued at $245,968,000 after buying an additional 22,091 shares in the last quarter. Finally, Groupama Asset Managment lifted its position in shares of Nutanix by 1.0% during the 3rd quarter. Groupama Asset Managment now owns 707,000 shares of the technology company’s stock valued at $41,890,000 after buying an additional 7,000 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Northland Securities reissued a “market perform” rating and set a $77.00 price objective (up previously from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Royal Bank of Canada increased their price target on shares of Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Barclays boosted their price objective on shares of Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Oppenheimer initiated coverage on shares of Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 target price for the company. Finally, Raymond James boosted their price target on Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Nutanix presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.47.

Nutanix Company Profile

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.