Sunil Potti Sells 10,000 Shares of Nutanix Inc. (NTNX) Stock
Nutanix Inc. (NASDAQ:NTNX) insider Sunil Potti sold 10,000 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $21.43, for a total transaction of $214,300.00. Following the transaction, the insider now directly owns 123,603 shares in the company, valued at approximately $2,648,812.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Sunil Potti also recently made the following trade(s):
- On Monday, July 17th, Sunil Potti sold 10,000 shares of Nutanix stock. The stock was sold at an average price of $22.57, for a total transaction of $225,700.00.
- On Monday, June 26th, Sunil Potti sold 30,000 shares of Nutanix stock. The stock was sold at an average price of $20.00, for a total transaction of $600,000.00.
- On Thursday, June 15th, Sunil Potti sold 55,000 shares of Nutanix stock. The stock was sold at an average price of $17.33, for a total transaction of $953,150.00.
Nutanix Inc. (NTNX) traded up 0.51% on Thursday, hitting $21.84. 3,946,306 shares of the stock traded hands. The stock’s market cap is $3.31 billion. Nutanix Inc. has a 12-month low of $14.38 and a 12-month high of $46.78. The stock has a 50-day moving average price of $21.40 and a 200 day moving average price of $21.06.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, May 25th. The technology company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by $0.32. The company had revenue of $191.76 million during the quarter, compared to analyst estimates of $186.56 million. Nutanix had a negative net margin of 61.32% and a negative return on equity of 5,196.17%. The company’s revenue was up 67.2% compared to the same quarter last year. On average, equities analysts expect that Nutanix Inc. will post ($1.45) EPS for the current fiscal year.
NTNX has been the topic of several research analyst reports. Maxim Group reaffirmed a “buy” rating and set a $41.00 price target on shares of Nutanix in a research report on Saturday, June 3rd. Piper Jaffray Companies set a $27.00 price target on shares of Nutanix and gave the stock a “buy” rating in a research report on Saturday, May 27th. Robert W. Baird reaffirmed a “buy” rating on shares of Nutanix in a research report on Friday, May 26th. Bank of America Corporation reaffirmed a “buy” rating and set a $27.00 price target on shares of Nutanix in a research report on Tuesday, May 30th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Nutanix from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Monday, May 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Nutanix presently has an average rating of “Buy” and an average target price of $31.41.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its stake in Nutanix by 320.6% in the second quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock valued at $242,686,000 after buying an additional 9,180,123 shares during the period. Sapphire Ventures L.L.C. bought a new position in shares of Nutanix during the first quarter valued at $51,506,000. Franklin Resources Inc. bought a new position in shares of Nutanix during the second quarter valued at $55,063,000. Raging Capital Management LLC bought a new position in shares of Nutanix during the first quarter valued at $27,315,000. Finally, Vanguard Group Inc. raised its position in shares of Nutanix by 65.5% in the first quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock valued at $61,480,000 after buying an additional 1,295,813 shares during the last quarter. Institutional investors and hedge funds own 19.64% of the company’s stock.
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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