Nutanix Inc (NASDAQ:NTNX) EVP David Sangster sold 100,082 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $50.48, for a total transaction of $5,052,139.36. Following the completion of the transaction, the executive vice president now directly owns 4,000 shares of the company’s stock, valued at approximately $201,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
David Sangster also recently made the following trade(s):
- On Tuesday, December 19th, David Sangster sold 5,892 shares of Nutanix stock. The shares were sold at an average price of $36.32, for a total transaction of $213,997.44.
Shares of Nutanix Inc (NASDAQ:NTNX) traded up $1.62 during trading hours on Wednesday, reaching $54.66. 8,760,000 shares of the company traded hands, compared to its average volume of 4,740,000. The firm has a market capitalization of $8,770.00 and a PE ratio of -25.42. Nutanix Inc has a 52-week low of $14.38 and a 52-week high of $54.98.
A number of large investors have recently modified their holdings of NTNX. Parametric Portfolio Associates LLC acquired a new stake in Nutanix during the second quarter worth approximately $365,000. Voya Investment Management LLC acquired a new stake in Nutanix during the second quarter worth approximately $315,000. State Street Corp raised its holdings in Nutanix by 146.7% during the second quarter. State Street Corp now owns 547,995 shares of the technology company’s stock worth $11,042,000 after purchasing an additional 325,821 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Nutanix by 661.5% during the second quarter. The Manufacturers Life Insurance Company now owns 30,383 shares of the technology company’s stock worth $612,000 after purchasing an additional 26,393 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in Nutanix by 107.0% during the second quarter. California State Teachers Retirement System now owns 61,700 shares of the technology company’s stock worth $1,243,000 after purchasing an additional 31,900 shares in the last quarter. 44.29% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on NTNX shares. Vetr lowered shares of Nutanix from a “buy” rating to a “sell” rating and set a $31.98 price objective for the company. in a research note on Tuesday, February 20th. Wells Fargo & Co raised their price objective on shares of Nutanix from $43.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, March 2nd. BTIG Research raised shares of Nutanix from a “neutral” rating to a “buy” rating in a research note on Friday, March 9th. Maxim Group reissued a “buy” rating and issued a $51.00 price objective on shares of Nutanix in a research note on Friday, December 22nd. Finally, Needham & Company LLC started coverage on shares of Nutanix in a research note on Wednesday, November 22nd. They issued a “buy” rating and a $45.00 price objective for the company. Three analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $46.52.
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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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