Nutanix, Inc. (NASDAQ:NTNX) COO David Sangster Sells 11,950 Shares

Nutanix, Inc. (NASDAQ:NTNX) COO David Sangster sold 11,950 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total value of $714,968.50. Following the completion of the transaction, the chief operating officer now directly owns 123,868 shares in the company, valued at approximately $7,411,022.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Nutanix Stock Down 2.2 %

NASDAQ:NTNX opened at $58.05 on Wednesday. The company has a market cap of $14.32 billion, a P/E ratio of -829.29, a price-to-earnings-growth ratio of 12.07 and a beta of 1.19. Nutanix, Inc. has a twelve month low of $33.30 and a twelve month high of $73.69. The business has a 50 day moving average price of $53.64 and a two-hundred day moving average price of $58.91.

Analyst Ratings Changes

NTNX has been the topic of a number of analyst reports. Northland Securities increased their price target on shares of Nutanix from $71.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, August 30th. Barclays lifted their price target on shares of Nutanix from $71.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Piper Sandler upped their price objective on shares of Nutanix from $76.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Northland Capmk downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. Finally, KeyCorp boosted their target price on Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.31.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. FIL Ltd increased its stake in Nutanix by 74.7% in the 4th quarter. FIL Ltd now owns 8,908,166 shares of the technology company’s stock valued at $424,830,000 after buying an additional 3,809,981 shares during the last quarter. Norges Bank acquired a new stake in shares of Nutanix in the fourth quarter valued at about $137,465,000. Nordea Investment Management AB raised its holdings in Nutanix by 387.1% during the first quarter. Nordea Investment Management AB now owns 2,612,812 shares of the technology company’s stock worth $162,229,000 after acquiring an additional 2,076,377 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Nutanix by 29.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,358,768 shares of the technology company’s stock valued at $269,024,000 after purchasing an additional 985,421 shares during the last quarter. Finally, Driehaus Capital Management LLC grew its stake in Nutanix by 123.9% in the second quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock valued at $81,593,000 after purchasing an additional 794,215 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

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.