Nutanix Inc. (NASDAQ:NTNX) Director Jeffrey T. Parks sold 30,089 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $29.27, for a total value of $880,705.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Nutanix Inc. (NASDAQ:NTNX) traded down $0.57 during trading on Wednesday, reaching $28.30. The company had a trading volume of 1,555,000 shares, compared to its average volume of 3,011,157. Nutanix Inc. has a 52 week low of $14.38 and a 52 week high of $34.96.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.05. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. The company had revenue of $226.10 million during the quarter, compared to analyst estimates of $216.00 million. Nutanix’s revenue was up 61.7% on a year-over-year basis. equities analysts anticipate that Nutanix Inc. will post -2.19 EPS for the current year.

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A number of institutional investors have recently made changes to their positions in NTNX. Bank of New York Mellon Corp boosted its stake in Nutanix by 31.0% during the first quarter. Bank of New York Mellon Corp now owns 42,718 shares of the technology company’s stock valued at $802,000 after buying an additional 10,119 shares during the last quarter. Vanguard Group Inc. boosted its stake in Nutanix by 65.5% during the first quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock valued at $61,480,000 after buying an additional 1,295,813 shares during the last quarter. Geode Capital Management LLC boosted its stake in Nutanix by 12.2% during the first quarter. Geode Capital Management LLC now owns 129,489 shares of the technology company’s stock valued at $2,430,000 after buying an additional 14,097 shares during the last quarter. Morgan Stanley boosted its stake in Nutanix by 1,096.4% during the first quarter. Morgan Stanley now owns 249,427 shares of the technology company’s stock valued at $4,682,000 after buying an additional 228,579 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Nutanix by 54.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 40,683 shares of the technology company’s stock valued at $764,000 after buying an additional 14,371 shares during the last quarter. 31.53% of the stock is owned by institutional investors.

A number of analysts have commented on the company. Wells Fargo & Company assumed coverage on Nutanix in a research report on Tuesday. They issued an “outperform” rating and a $40.00 price target for the company. Vetr cut Nutanix from a “strong-buy” rating to a “buy” rating and set a $31.00 price target for the company. in a research report on Tuesday, October 24th. Piper Jaffray Companies restated an “overweight” rating and issued a $28.00 price target on shares of Nutanix in a research report on Thursday, September 14th. Maxim Group restated a “buy” rating and issued a $41.00 price target on shares of Nutanix in a research report on Friday, September 1st. Finally, Jefferies Group LLC assumed coverage on Nutanix in a research report on Thursday, August 17th. They issued a “buy” rating and a $30.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Nutanix currently has an average rating of “Buy” and an average target price of $30.68.

Nutanix Company Profile

Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.

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

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