Nutanix Inc. (NASDAQ:NTNX) SVP Rajiv Mirani sold 20,000 shares of the firm’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $19.63, for a total value of $392,600.00. Following the sale, the senior vice president now directly owns 271,000 shares of the company’s stock, valued at $5,319,730. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Rajiv Mirani also recently made the following trade(s):
- On Monday, June 26th, Rajiv Mirani sold 4,600 shares of Nutanix stock. The shares were sold at an average price of $20.02, for a total value of $92,092.00.
- On Wednesday, June 28th, Rajiv Mirani sold 25,000 shares of Nutanix stock. The shares were sold at an average price of $20.05, for a total value of $501,250.00.
- On Thursday, June 15th, Rajiv Mirani sold 20,000 shares of Nutanix stock. The shares were sold at an average price of $17.16, for a total value of $343,200.00.
Shares of Nutanix Inc. (NASDAQ:NTNX) traded up 2.70% during mid-day trading on Monday, hitting $22.06. The stock had a trading volume of 2,068,201 shares. The company’s market cap is $3.34 billion. The stock’s 50-day moving average is $21.19 and its 200 day moving average is $21.32. Nutanix Inc. has a 12 month low of $14.38 and a 12 month high of $46.78.
Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, May 25th. The technology company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.45) by $0.32. Nutanix had a negative return on equity of 5,196.17% and a negative net margin of 61.32%. The business had revenue of $191.76 million for the quarter, compared to analysts’ expectations of $186.56 million. The company’s quarterly revenue was up 67.2% compared to the same quarter last year. On average, equities research analysts forecast that Nutanix Inc. will post ($1.45) earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Nutanix by 146.7% in the second quarter. State Street Corp now owns 547,995 shares of the technology company’s stock valued at $11,042,000 after buying an additional 325,821 shares in the last quarter. Lenox Wealth Management Inc. acquired a new stake in Nutanix during the second quarter valued at about $397,000. Partners Group Holding AG boosted its stake in Nutanix by 89.9% in the second quarter. Partners Group Holding AG now owns 93,973 shares of the technology company’s stock valued at $1,894,000 after buying an additional 44,485 shares in the last quarter. Royal Bank of Canada boosted its stake in Nutanix by 69.9% in the second quarter. Royal Bank of Canada now owns 72,571 shares of the technology company’s stock valued at $1,462,000 after buying an additional 29,865 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake 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 buying an additional 714,257 shares in the last quarter. Hedge funds and other institutional investors own 19.64% of the company’s stock.
Several equities research analysts have recently issued reports on NTNX shares. Maxim Group reaffirmed a “buy” rating and set a $41.00 target price on shares of Nutanix in a research report on Friday, May 26th. Pacific Crest reissued an “overweight” rating and issued a $30.00 price objective on shares of Nutanix in a report on Tuesday, May 30th. JMP Securities set a $35.00 price objective on Nutanix and gave the stock a “buy” rating in a report on Tuesday, April 18th. Stifel Nicolaus reissued a “neutral - hold” rating on shares of Nutanix in a report on Friday, June 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $34.00 price objective on shares of Nutanix in a report on Sunday, May 28th. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $32.01.
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.
Receive News & Ratings for Nutanix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
