Insider Selling: Nutanix Inc. (NTNX) SVP Sells 20,000 Shares of Stock
Nutanix Inc. (NASDAQ:NTNX) SVP Rajiv Mirani sold 20,000 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $26.42, for a total transaction of $528,400.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Rajiv Mirani also recently made the following trade(s):
- On Tuesday, August 15th, Rajiv Mirani sold 20,000 shares of Nutanix stock. The stock was sold at an average price of $21.55, for a total transaction of $431,000.00.
Shares of Nutanix Inc. (NTNX) traded down 0.87% during trading on Tuesday, hitting $26.31. 2,300,814 shares of the stock were exchanged. Nutanix Inc. has a 52 week low of $14.38 and a 52 week high of $34.96. The stock’s 50 day moving average price is $23.25 and its 200 day moving average price is $23.25. The firm’s market capitalization is $4.08 billion.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.38) by $0.05. The firm had revenue of $226.10 million for the quarter, compared to analyst estimates of $216.00 million. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The company’s revenue was up 61.7% compared to the same quarter last year. On average, equities analysts predict that Nutanix Inc. will post ($0.94) earnings per share for the current year.
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Several institutional investors have recently made changes to their positions in NTNX. FMR LLC boosted its stake in shares of Nutanix by 320.6% in the 2nd quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock valued at $242,686,000 after purchasing an additional 9,180,123 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Nutanix in the 2nd quarter valued at $55,063,000. Vanguard Group Inc. boosted its stake in shares of Nutanix by 65.5% in the 1st quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock valued at $61,480,000 after purchasing an additional 1,295,813 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Nutanix by 3,462.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock valued at $14,808,000 after purchasing an additional 714,257 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of Nutanix by 1,771.2% in the 2nd quarter. New York State Common Retirement Fund now owns 527,700 shares of the technology company’s stock valued at $10,633,000 after purchasing an additional 499,499 shares in the last quarter. 31.48% of the stock is owned by institutional investors.
Several research firms recently issued reports on NTNX. BTIG Research reiterated a “neutral” rating on shares of Nutanix in a research report on Monday, July 3rd. Piper Jaffray Companies reiterated an “overweight” rating and set a $28.00 price target on shares of Nutanix in a research report on Thursday, September 14th. Jefferies Group LLC began coverage on shares of Nutanix in a research report on Thursday, August 17th. They set a “buy” rating and a $30.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $34.00 price target on shares of Nutanix in a research report on Friday, June 30th. Finally, Maxim Group reiterated a “buy” rating and set a $41.00 price target on shares of Nutanix in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $30.43.
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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