Nutanix Inc (NTNX) CFO Sells $10,608,000.00 in Stock

Nutanix Inc (NASDAQ:NTNX) CFO Duston Williams sold 300,000 shares of Nutanix stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $35.36, for a total value of $10,608,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Nutanix Inc (NTNX) traded up $0.93 on Thursday, reaching $37.95. The company’s stock had a trading volume of 1,805,799 shares, compared to its average volume of 4,310,000. The stock has a market capitalization of $6,090.00 and a P/E ratio of -15.68. Nutanix Inc has a one year low of $14.38 and a one year high of $38.80.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Thursday, November 30th. The technology company reported ($0.16) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.10. The company had revenue of $275.60 million for the quarter, compared to the consensus estimate of $267.02 million. Nutanix had a negative return on equity of 113.75% and a negative net margin of 22.31%. Nutanix’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.37) earnings per share. research analysts predict that Nutanix Inc will post -1.71 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Thompson Davis & CO. Inc. boosted its position in Nutanix by 320.0% during the third quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock worth $118,000 after purchasing an additional 4,000 shares in the last quarter. Legal & General Group Plc raised its holdings 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 acquiring an additional 8,530 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Nutanix in the second quarter worth $186,000. Stifel Financial Corp acquired a new position in shares of Nutanix in the third quarter worth $215,000. Finally, First Allied Advisory Services Inc. acquired a new position in shares of Nutanix in the third quarter worth $215,000. Institutional investors own 34.13% of the company’s stock.

Several research analysts have commented on the company. Oppenheimer reaffirmed a “buy” rating and set a $43.00 price target on shares of Nutanix in a research report on Tuesday. KeyCorp reiterated an “overweight” rating and issued a $42.00 target price (up from $37.00) on shares of Nutanix in a research note on Thursday. Morgan Stanley lifted their target price on Nutanix from $22.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, December 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $40.00 target price on shares of Nutanix in a research note on Friday, December 1st. Finally, Vetr downgraded Nutanix from a “strong-buy” rating to a “buy” rating and set a $38.31 target price on the stock. in a research note on Monday, December 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $35.30.

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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.

Insider Buying and Selling by Quarter for Nutanix (NASDAQ:NTNX)

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