Nutanix Inc. (NASDAQ:NTNX) SVP Rajiv Mirani sold 20,000 shares of the stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $26.42, for a total transaction of $528,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Rajiv Mirani also recently made the following trade(s):
- On Tuesday, August 15th, Rajiv Mirani sold 20,000 shares of Nutanix stock. The shares were sold at an average price of $21.55, for a total transaction of $431,000.00.
Shares of Nutanix Inc. (NASDAQ:NTNX) opened at 27.80 on Friday. The stock’s market capitalization is $4.31 billion. Nutanix Inc. has a 52 week low of $21.21 and a 52 week high of $34.96. The stock has a 50 day moving average of $24.07 and a 200-day moving average of $24.07.
Nutanix (NASDAQ:NTNX) last posted its earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.05. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The firm had revenue of $226.10 million during the quarter, compared to analysts’ expectations of $216.00 million. Nutanix’s quarterly revenue was up 61.7% on a year-over-year basis. On average, equities research analysts expect that Nutanix Inc. will post ($0.94) EPS for the current year.
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A number of research analysts recently weighed in on the stock. Vetr downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating and set a $31.00 price objective on the stock. in a research report on Tuesday. Piper Jaffray Companies set a $28.00 price objective on shares of Nutanix and gave the company a “buy” rating in a research report on Monday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $34.00 price target on shares of Nutanix in a research report on Friday, October 13th. William Blair reiterated an “outperform” rating on shares of Nutanix in a research report on Friday, October 13th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $34.00 price target on shares of Nutanix in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $30.10.
Several institutional investors and hedge funds have recently bought and sold shares of NTNX. FMR LLC lifted its stake in shares of Nutanix by 320.6% in the 2nd quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock valued at $242,686,000 after purchasing an additional 9,180,123 shares during the period. Franklin Resources Inc. acquired a new position in Nutanix during the second quarter worth $55,063,000. Vanguard Group Inc. raised its position in Nutanix by 65.5% during the first quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock worth $61,480,000 after acquiring an additional 1,295,813 shares during the period. Goldman Sachs Group Inc. raised its position in Nutanix by 3,462.4% during the second quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock worth $14,808,000 after acquiring an additional 714,257 shares during the period. Finally, New York State Common Retirement Fund raised its position in Nutanix by 1,771.2% during the second quarter. New York State Common Retirement Fund now owns 527,700 shares of the technology company’s stock worth $10,633,000 after acquiring an additional 499,499 shares during the period. Hedge funds and other institutional investors own 31.32% of the company’s stock.
Nutanix Company Profile
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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