Dheeraj Pandey Sells 75,495 Shares of Nutanix Inc (NASDAQ:NTNX) Stock

Nutanix Inc (NASDAQ:NTNX) CEO Dheeraj Pandey sold 75,495 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $36.60, for a total transaction of $2,763,117.00. Following the completion of the sale, the chief executive officer now directly owns 211,177 shares in the company, valued at $7,729,078.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dheeraj Pandey also recently made the following trade(s):

  • On Wednesday, November 27th, Dheeraj Pandey sold 39,798 shares of Nutanix stock. The stock was sold at an average price of $35.07, for a total transaction of $1,395,715.86.
  • On Monday, September 16th, Dheeraj Pandey sold 9,489 shares of Nutanix stock. The stock was sold at an average price of $26.71, for a total transaction of $253,451.19.

Shares of NTNX traded down $1.46 during mid-day trading on Monday, hitting $35.89. 5,315,049 shares of the company were exchanged, compared to its average volume of 3,826,093. Nutanix Inc has a 1-year low of $17.74 and a 1-year high of $54.68. The company has a debt-to-equity ratio of 2.46, a quick ratio of 2.13 and a current ratio of 2.13. The company has a 50 day moving average of $28.43 and a 200-day moving average of $26.58. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of -11.29 and a beta of 1.44.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Monday, November 25th. The technology company reported ($0.71) earnings per share for the quarter, topping the consensus estimate of ($1.13) by $0.42. Nutanix had a negative net margin of 61.10% and a negative return on equity of 236.32%. The firm had revenue of $314.80 million during the quarter, compared to the consensus estimate of $306.42 million. During the same quarter in the prior year, the firm earned ($0.13) EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. Research analysts anticipate that Nutanix Inc will post -4.47 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund acquired a new position in shares of Nutanix during the 2nd quarter worth about $1,925,000. First Trust Advisors LP raised its position in shares of Nutanix by 167.4% during the 2nd quarter. First Trust Advisors LP now owns 1,952,096 shares of the technology company’s stock worth $50,637,000 after purchasing an additional 1,221,956 shares during the last quarter. Bank of Nova Scotia raised its position in shares of Nutanix by 45.5% during the 2nd quarter. Bank of Nova Scotia now owns 240,067 shares of the technology company’s stock worth $6,227,000 after purchasing an additional 75,067 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Nutanix by 62.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,166 shares of the technology company’s stock worth $107,000 after purchasing an additional 1,601 shares during the last quarter. Finally, Pinnacle Associates Ltd. acquired a new position in shares of Nutanix during the 2nd quarter worth about $243,000. Hedge funds and other institutional investors own 65.58% of the company’s stock.

Several equities research analysts have recently issued reports on NTNX shares. Susquehanna Bancshares reissued a “buy” rating and set a $45.00 target price on shares of Nutanix in a research note on Tuesday, November 26th. Maxim Group increased their target price on shares of Nutanix from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. UBS Group raised shares of Nutanix to a “positive” rating and increased their target price for the stock from $23.00 to $45.00 in a research note on Monday, September 9th. William Blair reissued a “buy” rating on shares of Nutanix in a research note on Thursday, August 29th. Finally, Wells Fargo & Co increased their target price on shares of Nutanix from $25.00 to $38.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $40.44.

About Nutanix

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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

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