Nutanix Inc (NASDAQ:NTNX) CAO Kenneth W. Long III sold 32,002 shares of the company’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $54.36, for a total transaction of $1,739,628.72. Following the completion of the transaction, the chief accounting officer now owns 185,256 shares in the company, valued at approximately $10,070,516.16. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Nutanix Inc (NASDAQ:NTNX) traded down $0.67 on Friday, reaching $53.74. 8,477,946 shares of the company’s stock traded hands, compared to its average volume of 4,491,909. The company has a market cap of $8,730.00 and a PE ratio of -25.00. Nutanix Inc has a 1-year low of $14.38 and a 1-year high of $55.10.
Nutanix (NASDAQ:NTNX) last posted its earnings results on Thursday, March 1st. The technology company reported ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.06. Nutanix had a negative net margin of 33.34% and a negative return on equity of 270.61%. The business had revenue of $286.70 million for the quarter, compared to analysts’ expectations of $283.22 million. During the same quarter in the prior year, the business earned ($0.28) EPS. The business’s revenue for the quarter was up 44.1% compared to the same quarter last year. sell-side analysts anticipate that Nutanix Inc will post -1.59 earnings per share for the current year.
Several large investors have recently modified their holdings of NTNX. BlackRock Inc. lifted its stake in shares of Nutanix by 89.6% in the 4th quarter. BlackRock Inc. now owns 5,875,339 shares of the technology company’s stock worth $207,282,000 after purchasing an additional 2,776,194 shares during the period. Contour Asset Management LLC bought a new position in shares of Nutanix in the 4th quarter worth approximately $35,868,000. Trinity Street Asset Management LLP bought a new position in shares of Nutanix in the 4th quarter worth approximately $29,363,000. Cramer Rosenthal Mcglynn LLC lifted its stake in shares of Nutanix by 124.9% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,473,512 shares of the technology company’s stock worth $51,986,000 after purchasing an additional 818,378 shares during the period. Finally, State Street Corp lifted its stake in shares of Nutanix by 146.7% in the 2nd quarter. State Street Corp now owns 547,995 shares of the technology company’s stock worth $11,042,000 after purchasing an additional 325,821 shares during the period. Hedge funds and other institutional investors own 44.29% of the company’s stock.
A number of equities analysts recently issued reports on the stock. Oppenheimer upgraded shares of Nutanix to a “top pick” rating and upped their price target for the stock from $43.00 to $65.00 in a research note on Wednesday. JMP Securities upped their price target on shares of Nutanix from $45.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday. Morgan Stanley reiterated an “equal weight” rating and issued a $52.00 price target (up previously from $42.00) on shares of Nutanix in a research note on Tuesday. KeyCorp reiterated a “buy” rating and issued a $61.00 price target on shares of Nutanix in a research note on Tuesday. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $37.00 price target (up previously from $32.00) on shares of Nutanix in a research note on Tuesday. Three analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. Nutanix currently has a consensus rating of “Buy” and an average price target of $46.52.
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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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