Nutanix Inc. (NTNX) EVP Sells $605,070.00 in Stock
Nutanix Inc. (NASDAQ:NTNX) EVP David Sangster sold 27,000 shares of Nutanix stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $22.41, for a total transaction of $605,070.00. Following the sale, the executive vice president now owns 90,750 shares of the company’s stock, valued at approximately $2,033,707.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
David Sangster also recently made the following trade(s):
- On Tuesday, September 19th, David Sangster sold 5,891 shares of Nutanix stock. The shares were sold at an average price of $22.39, for a total transaction of $131,899.49.
- On Tuesday, September 5th, David Sangster sold 27,000 shares of Nutanix stock. The shares were sold at an average price of $21.13, for a total transaction of $570,510.00.
- On Monday, July 31st, David Sangster sold 27,000 shares of Nutanix stock. The shares were sold at an average price of $21.28, for a total transaction of $574,560.00.
Shares of Nutanix Inc. (NTNX) traded down 1.45% during trading on Tuesday, hitting $23.17. The company had a trading volume of 3,370,415 shares. The stock has a 50-day moving average of $22.63 and a 200 day moving average of $22.63. The stock’s market capitalization is $3.59 billion. Nutanix Inc. has a 12-month low of $21.21 and a 12-month high of $40.86.
Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.05. The firm had revenue of $226.10 million during the quarter, compared to analyst estimates of $216.00 million. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. The firm’s revenue for the quarter was up 61.7% on a year-over-year basis. On average, analysts predict that Nutanix Inc. will post ($0.94) EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in Nutanix by 320.6% in the second quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock worth $242,686,000 after purchasing an additional 9,180,123 shares in the last quarter. Franklin Resources Inc. acquired a new position in Nutanix in the second quarter valued at approximately $55,063,000. Raging Capital Management LLC acquired a new position in Nutanix in the first quarter valued at approximately $27,315,000. Vanguard Group Inc. lifted its stake in 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 period. Finally, Goldman Sachs Group Inc. lifted its stake in Nutanix by 3,462.4% in the second quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock valued at $14,808,000 after buying an additional 714,257 shares during the period. 31.48% of the stock is owned by institutional investors and hedge funds.
NTNX has been the subject of a number of analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $31.00 target price (up previously from $28.00) on shares of Nutanix in a report on Monday, September 25th. 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. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $34.00 price target on shares of Nutanix in a research note on Thursday, September 7th. Morgan Stanley reissued an “equal weight” rating and issued a $22.00 price target on shares of Nutanix in a research note on Sunday. Finally, Zacks Investment Research raised Nutanix from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $31.19.
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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