Insider Selling: Nutanix Inc (NTNX) VP Sells 30,000 Shares of Stock

Nutanix Inc (NASDAQ:NTNX) VP Kenneth W. Long III sold 30,000 shares of the firm’s stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $63.37, for a total value of $1,901,100.00. Following the sale, the vice president now directly owns 121,628 shares of the company’s stock, valued at $7,707,566.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Nutanix traded down $0.92, hitting $62.58, on Thursday, according to Marketbeat.com. The company’s stock had a trading volume of 4,094,632 shares, compared to its average volume of 3,929,386. The company has a market capitalization of $9.26 billion, a P/E ratio of -18.79 and a beta of 0.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.10 and a quick ratio of 3.10. Nutanix Inc has a fifty-two week low of $16.97 and a fifty-two week high of $64.87.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Thursday, May 24th. The technology company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Nutanix had a negative return on equity of 154.04% and a negative net margin of 27.88%. The company had revenue of $289.40 million during the quarter, compared to the consensus estimate of $278.72 million. During the same quarter last year, the firm earned ($0.42) EPS. The business’s revenue for the quarter was up 40.7% on a year-over-year basis. sell-side analysts anticipate that Nutanix Inc will post -1.74 EPS for the current fiscal year.



A number of hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers raised its position in Nutanix by 1.6% in the 1st quarter. Rhumbline Advisers now owns 101,523 shares of the technology company’s stock worth $4,986,000 after purchasing an additional 1,595 shares during the last quarter. Baker Avenue Asset Management LP raised its position in Nutanix by 7.1% in the 1st quarter. Baker Avenue Asset Management LP now owns 27,197 shares of the technology company’s stock worth $1,336,000 after purchasing an additional 1,798 shares during the last quarter. Osterweis Capital Management Inc. raised its position in Nutanix by 1.6% in the 1st quarter. Osterweis Capital Management Inc. now owns 123,290 shares of the technology company’s stock worth $6,055,000 after purchasing an additional 1,910 shares during the last quarter. Teacher Retirement System of Texas raised its position in Nutanix by 9.0% in the 1st quarter. Teacher Retirement System of Texas now owns 23,880 shares of the technology company’s stock worth $1,173,000 after purchasing an additional 1,972 shares during the last quarter. Finally, Thompson Davis & CO. Inc. raised its position in Nutanix by 1,600.0% in the 1st quarter. Thompson Davis & CO. Inc. now owns 2,125 shares of the technology company’s stock worth $104,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 52.81% of the company’s stock.

Several equities research analysts have recently weighed in on NTNX shares. Vetr lowered Nutanix from a “strong-buy” rating to a “buy” rating and set a $37.59 price objective for the company. in a research note on Wednesday, February 14th. ValuEngine raised Nutanix from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Wells Fargo & Co raised their price objective on Nutanix from $43.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, March 2nd. Maxim Group reissued a “buy” rating and set a $54.00 price objective (up from $51.00) on shares of Nutanix in a research note on Friday, March 2nd. Finally, Morgan Stanley raised their price objective on Nutanix from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, March 2nd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and twenty have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $51.66.

About Nutanix

Nutanix, Inc develops and provides an enterprise cloud operating system software. It offers enterprise applications, virtual desktop infrastructure, virtualization and cloud, big data, remote and branch office IT, and data protection and disaster recovery solutions; and hardware platforms and software options; and support and services.

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

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