Nutanix Inc. (NASDAQ:NTNX) insider Sunil Potti sold 55,000 shares of Nutanix stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $30.00, for a total transaction of $1,650,000.00. Following the transaction, the insider now directly owns 67,105 shares in the company, valued at $2,013,150. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sunil Potti also recently made the following trade(s):

  • On Monday, October 16th, Sunil Potti sold 10,000 shares of Nutanix stock. The shares were sold at an average price of $26.87, for a total transaction of $268,700.00.
  • On Friday, September 15th, Sunil Potti sold 10,000 shares of Nutanix stock. The shares were sold at an average price of $21.56, for a total transaction of $215,600.00.

Nutanix Inc. (NTNX) traded up $2.98 during trading hours on Wednesday, hitting $33.18. 7,208,242 shares of the stock traded hands, compared to its average volume of 3,025,631. Nutanix Inc. has a 1-year low of $14.38 and a 1-year high of $34.75.

Nutanix (NASDAQ:NTNX) last posted 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. The company had revenue of $226.10 million during the quarter, compared to the consensus estimate of $216.00 million. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. Nutanix’s quarterly revenue was up 61.7% compared to the same quarter last year. research analysts predict that Nutanix Inc. will post -2.19 EPS for the current fiscal year.

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NTNX has been the subject of several recent analyst reports. Vetr upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating and set a $30.51 target price for the company in a research note on Monday, October 16th. Bank of America Corporation raised their target price on shares of Nutanix from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, September 18th. Needham & Company LLC initiated coverage on shares of Nutanix in a research note on Wednesday. They issued a “buy” rating and a $45.00 target price for the company. Jefferies Group LLC initiated coverage on shares of Nutanix in a research note on Thursday, August 17th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Raymond James Financial, Inc. upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research note on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Nutanix has a consensus rating of “Buy” and an average price target of $31.11.

A number of hedge funds and other institutional investors have recently bought and sold shares of NTNX. Bank of New York Mellon Corp lifted its position in Nutanix by 31.0% during the first quarter. Bank of New York Mellon Corp now owns 42,718 shares of the technology company’s stock valued at $802,000 after purchasing an additional 10,119 shares during the period. Vanguard Group Inc. lifted its position in Nutanix by 65.5% during the first 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 during the period. Geode Capital Management LLC lifted its position in Nutanix by 12.2% during 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. Morgan Stanley lifted its position in Nutanix by 1,096.4% during the first quarter. Morgan Stanley now owns 249,427 shares of the technology company’s stock valued at $4,682,000 after purchasing an additional 228,579 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in Nutanix by 54.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 40,683 shares of the technology company’s stock valued at $764,000 after purchasing an additional 14,371 shares during the period. Institutional investors own 32.81% of the company’s stock.

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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