Nutanix Inc. (NASDAQ:NTNX) President Sudheesh Nair Vadakkedath sold 90,000 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $24.48, for a total value of $2,203,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, October 9th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The shares were sold at an average price of $23.14, for a total value of $578,500.00.
  • 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 value 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 value 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 value 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 value 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 value 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 value of $1,641,000.00.

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

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

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Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its stake in Nutanix by 30.7% during the 1st quarter. Wells Fargo & Company MN now owns 60,584 shares of the technology company’s stock worth $1,137,000 after buying an additional 14,233 shares during the period. Bank of New York Mellon Corp raised its stake in Nutanix by 31.0% during the 1st quarter. Bank of New York Mellon Corp now owns 42,718 shares of the technology company’s stock worth $802,000 after buying an additional 10,119 shares during the period. Ameriprise Financial Inc. raised its stake in Nutanix by 70.2% during the 1st quarter. Ameriprise Financial Inc. now owns 155,418 shares of the technology company’s stock worth $2,916,000 after buying an additional 64,102 shares during the period. Stifel Financial Corp acquired a new position in Nutanix during the 1st quarter worth approximately $546,000. Finally, Blair William & Co. IL acquired a new position in Nutanix during the 1st quarter worth approximately $342,000. Institutional investors own 31.48% of the company’s stock.

Several research firms have weighed in on NTNX. Credit Suisse Group reissued an “outperform” rating and issued a $38.00 target price on shares of Nutanix in a research note on Wednesday, June 28th. Robert W. Baird set a $28.00 target price on Nutanix and gave the company a “buy” rating in a research note on Wednesday, June 28th. Stifel Nicolaus reissued a “neutral – hold” rating on shares of Nutanix in a research note on Friday, June 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $34.00 target price on shares of Nutanix in a research note on Friday, June 30th. Finally, BTIG Research reissued a “neutral” rating on shares of Nutanix in a research note on Monday, July 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus 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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