Nutanix Inc. (NASDAQ:NTNX) CEO Dheeraj Pandey sold 71,400 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $35.33, for a total transaction of $2,522,562.00. Following the sale, the chief executive officer now directly owns 288,612 shares of the company’s stock, valued at approximately $10,196,661.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Nutanix Inc. (NTNX) traded up $0.93 during trading hours on Monday, reaching $35.99. The company’s stock had a trading volume of 3,142,510 shares, compared to its average volume of 3,163,037. Nutanix Inc. has a fifty-two week low of $14.38 and a fifty-two week high of $38.28.
Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, November 30th. The technology company reported ($0.16) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.10. The company had revenue of $275.60 million for the quarter, compared to analysts’ expectations of $267.02 million. Nutanix had a negative return on equity of 363.55% and a negative net margin of 40.81%. The business’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.37) EPS. equities research analysts anticipate that Nutanix Inc. will post -1.73 earnings per share for the current year.
NTNX has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $25.00 target price on shares of Nutanix and gave the company a “hold” rating in a research report on Tuesday, August 15th. Jefferies Group started coverage on shares of Nutanix in a research report on Thursday, August 17th. They set a “buy” rating and a $30.00 target price for the company. William Blair reaffirmed a “buy” rating on shares of Nutanix in a research report on Thursday, August 31st. Bank of America reaffirmed a “buy” rating and set a $27.00 price objective on shares of Nutanix in a research report on Thursday, August 31st. Finally, KeyCorp reaffirmed a “buy” rating and set a $32.00 price objective on shares of Nutanix in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $34.71.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTNX. Geode Capital Management LLC raised its stake 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 purchasing an additional 14,097 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Nutanix by 54.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 40,683 shares of the technology company’s stock worth $764,000 after purchasing an additional 14,371 shares during the period. Credit Suisse AG bought a new stake in shares of Nutanix during the 1st quarter worth $418,000. Bank of Montreal Can raised its stake in shares of Nutanix by 36,226.5% during the 2nd quarter. Bank of Montreal Can now owns 53,400 shares of the technology company’s stock worth $1,076,000 after purchasing an additional 53,253 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in shares of Nutanix during the 2nd quarter worth $5,986,000. Institutional investors own 35.35% of the company’s stock.
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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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