Rajiv Ramaswami Sells 5,000 Shares of Nutanix, Inc. (NASDAQ:NTNX) Stock

Nutanix, Inc. (NASDAQ:NTNXGet Rating) CEO Rajiv Ramaswami sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $22.90, for a total transaction of $114,500.00. Following the completion of the sale, the chief executive officer now owns 267,576 shares in the company, valued at $6,127,490.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Rajiv Ramaswami also recently made the following trade(s):

  • On Friday, September 16th, Rajiv Ramaswami sold 65,376 shares of Nutanix stock. The stock was sold at an average price of $22.93, for a total transaction of $1,499,071.68.

Nutanix Stock Performance

Nutanix stock opened at $21.66 on Friday. The firm has a market cap of $4.86 billion, a PE ratio of -5.93 and a beta of 1.37. The firm’s 50 day moving average price is $18.59 and its two-hundred day moving average price is $20.21. Nutanix, Inc. has a twelve month low of $13.44 and a twelve month high of $42.69.

Nutanix (NASDAQ:NTNXGet Rating) last released its quarterly earnings data on Wednesday, August 31st. The technology company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.21. The company had revenue of $385.50 million during the quarter, compared to analyst estimates of $356.14 million. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.68) EPS. Equities analysts anticipate that Nutanix, Inc. will post -1.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NTNX has been the topic of a number of research reports. Barclays boosted their target price on shares of Nutanix from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, August 29th. Needham & Company LLC boosted their price target on shares of Nutanix from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, September 1st. Royal Bank of Canada boosted their price target on shares of Nutanix from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, September 1st. Piper Sandler boosted their price target on shares of Nutanix from $25.00 to $29.00 in a report on Thursday, September 1st. Finally, Susquehanna Bancshares boosted their price target on shares of Nutanix to $30.00 in a report on Tuesday, September 6th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.92.

Institutional Trading of Nutanix

Several large investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors grew its position in Nutanix by 1,002.3% in the second quarter. Captrust Financial Advisors now owns 6,151 shares of the technology company’s stock worth $90,000 after acquiring an additional 5,593 shares in the last quarter. Woodline Partners LP grew its position in Nutanix by 36.6% in the second quarter. Woodline Partners LP now owns 1,819,891 shares of the technology company’s stock worth $26,625,000 after acquiring an additional 487,913 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Nutanix by 3.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 88,498 shares of the technology company’s stock worth $1,295,000 after acquiring an additional 2,803 shares in the last quarter. Prudential Financial Inc. grew its position in Nutanix by 1.6% in the second quarter. Prudential Financial Inc. now owns 67,646 shares of the technology company’s stock worth $1,694,000 after acquiring an additional 1,056 shares in the last quarter. Finally, Crosslink Capital Inc. grew its position in Nutanix by 19.5% in the second quarter. Crosslink Capital Inc. now owns 2,009,028 shares of the technology company’s stock worth $29,392,000 after acquiring an additional 328,080 shares in the last quarter. 77.48% of the stock is owned by institutional investors.

Nutanix Company Profile

(Get Rating)

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis converges virtualization, enterprise storage services, and networking visualization and security services; Acropolis Hypervisor, an enterprise-grade virtualization solution; Nutanix Karbon for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments; and Nutanix Clusters solution.

Further Reading

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

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