Insider Selling: Nutanix Inc. (NTNX) VP Sells 60,000 Shares of Stock
Nutanix Inc. (NASDAQ:NTNX) VP Kenneth W. Long III sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $35.87, for a total transaction of $2,152,200.00. Following the transaction, the vice president now owns 176,171 shares of the company’s stock, valued at $6,319,253.77. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Kenneth W. Long III also recently made the following trade(s):
- On Friday, November 10th, Kenneth W. Long III sold 30,000 shares of Nutanix stock. The shares were sold at an average price of $29.11, for a total transaction of $873,300.00.
Nutanix Inc. (NASDAQ:NTNX) traded down $0.53 during trading on Thursday, reaching $36.24. 3,891,886 shares of the company were exchanged, compared to its average volume of 3,210,333. Nutanix Inc. has a 52-week low of $14.38 and a 52-week high of $38.28. The stock has a market capitalization of $5,810.00 and a P/E ratio of -14.98.
A number of institutional investors have recently added to or reduced their stakes in NTNX. FMR LLC grew its holdings in Nutanix by 320.6% in the second 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 during the period. Franklin Resources Inc. purchased a new stake in Nutanix in the second quarter valued at approximately $55,063,000. Goldman Sachs Group Inc. grew its holdings in Nutanix by 3,462.4% in the second 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 during the period. Cramer Rosenthal Mcglynn LLC purchased a new stake in Nutanix in the third quarter valued at approximately $14,668,000. Finally, New York State Common Retirement Fund grew its holdings in Nutanix by 1,771.2% in the second 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 during the period. Hedge funds and other institutional investors own 35.33% of the company’s stock.
Several equities analysts have weighed in on NTNX shares. Robert W. Baird restated a “buy” rating and set a $31.00 target price (up from $28.00) on shares of Nutanix in a report on Monday, September 25th. Maxim Group restated a “buy” rating and set a $41.00 target price on shares of Nutanix in a report on Friday, September 22nd. Bank of America raised their target price on shares of Nutanix from $30.00 to $35.00 and gave the company a “buy” rating in a report on Monday, September 18th. Zacks Investment Research upgraded shares of Nutanix from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Friday, September 8th. Finally, Oppenheimer reiterated a “buy” rating and set a $34.00 price target on shares of Nutanix in a report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $34.74.
COPYRIGHT VIOLATION NOTICE: This piece of content was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/04/insider-selling-nutanix-inc-ntnx-vp-sells-60000-shares-of-stock.html.
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.
Receive News & Ratings for Nutanix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix and related companies with MarketBeat.com's FREE daily email newsletter.