Nutanix Inc. (NASDAQ:NTNX) President Sudheesh Nair Vadakkedath sold 25,000 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $23.14, for a total transaction of $578,500.00. Following the sale, the president now directly owns 323,330 shares of the company’s stock, valued at approximately $7,481,856.20. The sale was disclosed in a filing with the SEC, which is available at this link.

Sudheesh Nair Vadakkedath also recently made the following trade(s):

  • On Tuesday, October 10th, Sudheesh Nair Vadakkedath sold 90,000 shares of Nutanix stock. The shares were sold at an average price of $24.48, for a total transaction of $2,203,200.00.
  • On Friday, September 29th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The shares were sold at an average price of $22.41, for a total transaction of $560,250.00.
  • On Monday, September 25th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The shares were sold at an average price of $24.30, for a total transaction of $607,500.00.
  • On Friday, September 15th, Sudheesh Nair Vadakkedath sold 50,000 shares of Nutanix stock. The shares were sold at an average price of $21.39, for a total transaction of $1,069,500.00.
  • On Tuesday, September 12th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The shares were sold at an average price of $21.99, for a total transaction of $549,750.00.
  • On Monday, September 11th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The shares were sold at an average price of $21.82, for a total transaction of $545,500.00.
  • On Wednesday, September 13th, Sudheesh Nair Vadakkedath sold 75,000 shares of Nutanix stock. The shares were sold at an average price of $21.88, for a total transaction of $1,641,000.00.

Shares of Nutanix Inc. (NTNX) traded up 4.10% during trading on Wednesday, hitting $26.66. 7,362,952 shares of the stock traded hands. The company’s 50 day moving average is $22.85 and its 200 day moving average is $22.85. The firm’s market cap is $4.13 billion. Nutanix Inc. has a 52-week low of $14.38 and a 52-week high of $35.90.

Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.05. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The firm had revenue of $226.10 million during the quarter, compared to the consensus estimate of $216.00 million. Nutanix’s revenue was up 61.7% on a year-over-year basis. On average, equities research analysts predict that Nutanix Inc. will post ($0.94) EPS for the current year.

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Institutional investors have recently added to or reduced their stakes in the stock. Blair William & Co. IL purchased a new stake in Nutanix in the first quarter valued at approximately $342,000. Ameriprise Financial Inc. grew its holdings in Nutanix by 274.9% in the second quarter. Ameriprise Financial Inc. now owns 582,673 shares of the technology company’s stock valued at $11,741,000 after purchasing an additional 427,255 shares during the period. Geode Capital Management LLC grew its holdings in Nutanix by 12.2% in the first quarter. Geode Capital Management LLC now owns 129,489 shares of the technology company’s stock valued at $2,430,000 after purchasing an additional 14,097 shares during the period. Stifel Financial Corp purchased a new stake in Nutanix in the first quarter valued at approximately $546,000. Finally, Pier Capital LLC purchased a new stake in Nutanix in the second quarter valued at approximately $3,077,000. Hedge funds and other institutional investors own 31.48% of the company’s stock.

Several analysts recently issued reports on the stock. BTIG Research reaffirmed a “neutral” rating on shares of Nutanix in a research note on Monday, July 3rd. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $28.00 price objective on shares of Nutanix in a research note on Thursday, September 14th. Jefferies Group LLC assumed coverage on shares of Nutanix in a research note on Thursday, August 17th. They set a “buy” rating and a $30.00 price objective for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $34.00 price objective on shares of Nutanix in a research note on Friday, June 30th. Finally, Maxim Group reissued a “buy” rating and issued a $41.00 price target on shares of Nutanix in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $30.28.

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.

Insider Buying and Selling by Quarter for Nutanix (NASDAQ:NTNX)

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