Nutanix Inc. (NASDAQ:NTNX) insider Sunil Potti sold 10,000 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $26.87, for a total value of $268,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Sunil Potti also recently made the following trade(s):
- On Friday, September 15th, Sunil Potti sold 10,000 shares of Nutanix stock. The stock was sold at an average price of $21.56, for a total value of $215,600.00.
- On Tuesday, August 15th, Sunil Potti sold 10,000 shares of Nutanix stock. The stock was sold at an average price of $21.43, for a total value of $214,300.00.
Shares of Nutanix Inc. (NTNX) traded up 0.32% during mid-day trading on Friday, hitting $27.89. The stock had a trading volume of 3,187,362 shares. The company’s market cap is $4.32 billion. The firm’s 50 day moving average price is $24.07 and its 200-day moving average price is $24.07. Nutanix Inc. has a one year low of $21.21 and a one year high of $34.96.
Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.38) by $0.05. The firm had revenue of $226.10 million during the quarter, compared to analyst estimates of $216.00 million. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The company’s quarterly revenue was up 61.7% on a year-over-year basis. On average, equities research analysts anticipate that Nutanix Inc. will post ($0.94) earnings per share for the current fiscal year.
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Several research analysts recently weighed in on the company. Vetr lowered Nutanix from a “strong-buy” rating to a “buy” rating and set a $31.00 target price on the stock. in a research report on Monday. BTIG Research reissued a “neutral” rating on shares of Nutanix in a research report on Monday, July 3rd. Piper Jaffray Companies reissued an “overweight” rating and issued a $28.00 price objective on shares of Nutanix in a research report on Thursday, September 14th. Jefferies Group LLC began coverage on Nutanix in a research report on Thursday, August 17th. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $34.00 price objective on shares of Nutanix in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $30.10.
A number of institutional investors have recently added to or reduced their stakes in the business. Tenzing Global Management LLC lifted its position in Nutanix by 7.1% during the 1st quarter. Tenzing Global Management LLC now owns 75,000 shares of the technology company’s stock worth $1,408,000 after acquiring an additional 5,000 shares during the last quarter. Washington Capital Management Inc. lifted its position in Nutanix by 66.7% during the 2nd quarter. Washington Capital Management Inc. now owns 20,000 shares of the technology company’s stock worth $403,000 after acquiring an additional 8,000 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Nutanix by 6.3% during the second quarter. Public Employees Retirement System of Ohio now owns 135,605 shares of the technology company’s stock valued at $2,732,000 after buying an additional 8,066 shares during the last quarter. Legal & General Group Plc raised its position in shares of Nutanix by 3,147.6% during the second quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after buying an additional 8,530 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Nutanix during the second quarter valued at about $186,000. 31.32% of the stock is owned by hedge funds and other institutional investors.
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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