Nutanix Inc. (NASDAQ:NTNX) Director Jeffrey T. Parks sold 456,623 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $29.51, for a total value of $13,474,944.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Nutanix Inc. (NTNX) traded up $0.06 during trading hours on Tuesday, hitting $34.10. The stock had a trading volume of 3,603,050 shares, compared to its average volume of 3,163,509. Nutanix Inc. has a 1 year low of $14.38 and a 1 year high of $38.28.
Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. Nutanix had a negative return on equity of 363.55% and a negative net margin of 40.81%. The company had revenue of $275.60 million during the quarter, compared to analysts’ expectations of $267.02 million. During the same quarter in the previous year, the firm earned ($0.37) EPS. Nutanix’s revenue was up 46.1% on a year-over-year basis. sell-side analysts anticipate that Nutanix Inc. will post -2.19 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. Scott & Selber Inc. acquired a new position in shares of Nutanix during the 3rd quarter worth $1,398,000. Ameriprise Financial Inc. raised its holdings in shares of Nutanix by 274.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 582,673 shares of the technology company’s stock worth $11,741,000 after buying an additional 427,255 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Nutanix by 3,462.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock worth $14,808,000 after buying an additional 714,257 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Nutanix by 12.2% during the 1st quarter. Geode Capital Management LLC now owns 129,489 shares of the technology company’s stock worth $2,430,000 after buying an additional 14,097 shares in the last quarter. Finally, Lenox Wealth Management Inc. acquired a new position in shares of Nutanix during the 2nd quarter worth $397,000. 35.35% of the stock is owned by institutional investors.
Several analysts recently issued reports on NTNX shares. Vetr upgraded Nutanix from a “hold” rating to a “strong-buy” rating and set a $30.51 price target for the company in a research note on Monday, October 16th. BTIG Research restated a “hold” rating and issued a $22.00 price target on shares of Nutanix in a research note on Friday, September 1st. Zacks Investment Research upgraded Nutanix from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Friday, September 8th. JMP Securities restated an “outperform” rating and issued a $35.00 price target on shares of Nutanix in a research note on Sunday, September 3rd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $22.00 price target on shares of Nutanix in a research note on Sunday, October 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Nutanix currently has a consensus rating of “Buy” and an average target price of $34.14.
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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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