Nutanix Inc (NASDAQ:NTNX) CEO Dheeraj Pandey sold 33,100 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $36.23, for a total value of $1,199,213.00. Following the transaction, the chief executive officer now directly owns 194,712 shares in the company, valued at $7,054,415.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Dheeraj Pandey also recently made the following trade(s):
- On Friday, December 8th, Dheeraj Pandey sold 71,400 shares of Nutanix stock. The shares were sold at an average price of $35.33, for a total value of $2,522,562.00.
Shares of Nutanix Inc (NASDAQ NTNX) opened at $37.84 on Friday. The stock has a market capitalization of $6,070.44, a P/E ratio of -15.64 and a beta of 8.76. Nutanix Inc has a one year low of $14.38 and a one year high of $38.80.
Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.10. Nutanix had a negative return on equity of 271.31% and a negative net margin of 40.81%. The business had revenue of $275.60 million during the quarter, compared to analyst estimates of $267.02 million. During the same period in the previous year, the company posted ($0.37) EPS. Nutanix’s revenue was up 46.1% on a year-over-year basis. equities analysts anticipate that Nutanix Inc will post -1.71 EPS for the current year.
Large investors have recently made changes to their positions in the company. Thompson Davis & CO. Inc. increased its holdings in shares of Nutanix by 320.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock valued at $118,000 after acquiring an additional 4,000 shares during the period. Legal & General Group Plc increased its holdings in shares of Nutanix by 3,147.6% in the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after acquiring an additional 8,530 shares during the period. SG Americas Securities LLC purchased a new position in shares of Nutanix in the 2nd quarter valued at $186,000. Stifel Financial Corp purchased a new position in shares of Nutanix in the 3rd quarter valued at $215,000. Finally, First Allied Advisory Services Inc. purchased a new position in shares of Nutanix in the 3rd quarter valued at $215,000. Institutional investors and hedge funds own 34.13% of the company’s stock.
A number of research firms have weighed in on NTNX. KeyCorp reaffirmed an “overweight” rating and issued a $42.00 price objective (up previously from $37.00) on shares of Nutanix in a research note on Thursday. Oppenheimer reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Nutanix in a research note on Tuesday, January 9th. Maxim Group reiterated a “buy” rating and set a $41.00 target price on shares of Nutanix in a research report on Friday, September 22nd. Robert W. Baird reiterated a “buy” rating and set a $41.00 target price on shares of Nutanix in a research report on Wednesday, January 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $34.00 target price on shares of Nutanix in a research report on Friday, October 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $35.30.
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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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