Insider Selling: Nutanix, Inc. (NASDAQ:NTNX) CFO Sells 24,316 Shares of Stock

Nutanix, Inc. (NASDAQ:NTNX) CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the transaction, the chief financial officer now directly owns 192,169 shares in the company, valued at $11,309,145.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Nutanix Stock Down 2.2 %

Shares of NASDAQ NTNX traded down $1.28 during midday trading on Tuesday, reaching $58.05. The company had a trading volume of 1,983,119 shares, compared to its average volume of 2,666,083. The stock has a market cap of $14.32 billion, a PE ratio of -829.29, a price-to-earnings-growth ratio of 12.07 and a beta of 1.19. Nutanix, Inc. has a one year low of $33.30 and a one year high of $73.69. The firm’s fifty day moving average price is $53.64 and its 200-day moving average price is $58.91.

Institutional Trading of Nutanix

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in Nutanix in the 1st quarter worth $1,384,000. Cetera Investment Advisers raised its position in Nutanix by 48.7% during the 1st quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock valued at $4,697,000 after purchasing an additional 24,918 shares during the last quarter. Diversified Trust Co boosted its holdings in Nutanix by 46.7% in the second quarter. Diversified Trust Co now owns 36,666 shares of the technology company’s stock valued at $2,084,000 after acquiring an additional 11,668 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Nutanix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock worth $1,548,378,000 after purchasing an additional 346,414 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Nutanix by 0.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 103,926 shares of the technology company’s stock valued at $4,956,000 after purchasing an additional 943 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NTNX. Royal Bank of Canada increased their target price on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Morgan Stanley lifted their price objective on shares of Nutanix from $62.00 to $71.00 and gave the company an “equal weight” rating in a report on Thursday, August 29th. Bank of America raised their price target on shares of Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. KeyCorp increased their price target on shares of Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Finally, Raymond James lifted their price objective on shares of Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Nutanix presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.31.

About Nutanix

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.