Nutanix Inc. (NASDAQ:NTNX) Director Jeffrey T. Parks sold 1,234,822 shares of the firm’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $21.97, for a total value of $27,129,039.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Nutanix Inc. (NASDAQ:NTNX) traded down 3.35% during trading on Tuesday, reaching $21.32. 2,109,166 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $21.26 and a 200 day moving average price of $21.12. The stock’s market capitalization is $3.23 billion. Nutanix Inc. has a 1-year low of $14.38 and a 1-year high of $46.78.
Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Thursday, May 25th. The technology company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.45) by $0.32. The business had revenue of $191.76 million for the quarter, compared to the consensus estimate of $186.56 million. Nutanix had a negative net margin of 61.32% and a negative return on equity of 5,196.17%. The firm’s revenue was up 67.2% on a year-over-year basis. Equities research analysts expect that Nutanix Inc. will post ($1.45) earnings per share for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tenzing Global Management LLC raised its stake in shares of Nutanix by 7.1% in the first quarter. Tenzing Global Management LLC now owns 75,000 shares of the technology company’s stock worth $1,408,000 after buying an additional 5,000 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Nutanix by 66.5% in the first quarter. Quantbot Technologies LP now owns 14,202 shares of the technology company’s stock worth $266,000 after buying an additional 5,673 shares in the last quarter. United Capital Financial Advisers LLC raised its stake in shares of Nutanix by 7.1% in the first quarter. United Capital Financial Advisers LLC now owns 109,243 shares of the technology company’s stock worth $2,050,000 after buying an additional 7,255 shares in the last quarter. Washington Capital Management Inc. raised its stake in shares of Nutanix by 66.7% in the second quarter. Washington Capital Management Inc. now owns 20,000 shares of the technology company’s stock worth $403,000 after buying an additional 8,000 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Nutanix by 3,147.6% in the second quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after buying an additional 8,530 shares in the last quarter. 19.64% of the stock is owned by hedge funds and other institutional investors.
NTNX has been the subject of a number of recent analyst reports. Maxim Group reissued a “buy” rating and issued a $41.00 price objective on shares of Nutanix in a research report on Friday, May 26th. Pacific Crest reaffirmed an “overweight” rating and set a $30.00 price target on shares of Nutanix in a research report on Tuesday, May 30th. JMP Securities set a $35.00 price objective on Nutanix and gave the company a “buy” rating in a research note on Tuesday, April 18th. Stifel Nicolaus reiterated a “neutral - hold” rating on shares of Nutanix in a research note on Friday, June 30th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $34.00 price target on shares of Nutanix in a research note on Sunday, May 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.01.
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.
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