Nutanix Inc. (NASDAQ:NTNX) EVP David Sangster sold 27,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $27.92, for a total value of $753,840.00. Following the completion of the sale, the executive vice president now directly owns 78,000 shares in the company, valued at approximately $2,177,760. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

David Sangster also recently made the following trade(s):

  • On Friday, September 29th, David Sangster sold 27,000 shares of Nutanix stock. The shares were sold at an average price of $22.41, for a total value of $605,070.00.
  • 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 value 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 value of $570,510.00.

Nutanix (NASDAQ:NTNX) last posted 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 the consensus estimate of $216.00 million. The company’s revenue was up 61.7% compared to the same quarter last year.

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NTNX has been the topic of a number of research analyst reports. William Blair reaffirmed a “buy” rating on shares of Nutanix in a report on Thursday, August 31st. JMP Securities reiterated an “outperform” rating and issued a $35.00 price objective on shares of Nutanix in a research report on Sunday, September 3rd. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $34.00 price objective on shares of Nutanix in a research report on Thursday, September 7th. Bank of America Corporation raised their price objective on Nutanix from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $28.00 price objective on shares of Nutanix in a research report on Thursday, September 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Nutanix presently has an average rating of “Buy” and a consensus price target of $30.17.

A number of large investors have recently modified their holdings of the stock. Frontier Capital Management Co. LLC acquired a new stake in Nutanix during the third quarter worth approximately $7,921,000. Artemis Investment Management LLP grew its position in Nutanix by 17.9% during the third quarter. Artemis Investment Management LLP now owns 844,784 shares of the technology company’s stock worth $18,910,000 after buying an additional 128,493 shares in the last quarter. Thompson Davis & CO. Inc. grew its position in Nutanix by 320.0% during the third quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock worth $118,000 after buying an additional 4,000 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new stake in Nutanix during the third quarter worth approximately $753,000. Finally, Essex Investment Management Co. LLC acquired a new stake in Nutanix during the third quarter worth approximately $2,180,000. 31.34% of the stock is currently owned by institutional investors and hedge funds.

About Nutanix

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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