Nutanix Inc. (NASDAQ:NTNX) insider Sunil Potti sold 55,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $30.00, for a total transaction of $1,650,000.00. Following the completion of the transaction, the insider now directly owns 67,105 shares in the company, valued at $2,013,150. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Sunil Potti also recently made the following trade(s):

  • On Monday, October 16th, Sunil Potti sold 10,000 shares of Nutanix stock. The shares were sold at an average price of $26.87, for a total transaction of $268,700.00.
  • On Friday, September 15th, Sunil Potti sold 10,000 shares of Nutanix stock. The shares were sold at an average price of $21.56, for a total transaction of $215,600.00.

Shares of Nutanix Inc. (NTNX) traded up $2.98 during trading on Thursday, reaching $33.18. 7,209,300 shares of the company’s stock traded hands, compared to its average volume of 3,025,635. Nutanix Inc. has a 52 week low of $14.38 and a 52 week high of $34.75.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.05. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The company had revenue of $226.10 million for the quarter, compared to the consensus estimate of $216.00 million. Nutanix’s revenue was up 61.7% compared to the same quarter last year. equities analysts anticipate that Nutanix Inc. will post -2.19 earnings per share for the current fiscal year.

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Institutional investors have recently modified their holdings of the business. Thompson Davis & CO. Inc. grew its position in Nutanix by 320.0% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock worth $118,000 after purchasing an additional 4,000 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Nutanix by 3,147.6% in the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after acquiring an additional 8,530 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Nutanix in the 2nd quarter worth $186,000. Stifel Financial Corp acquired a new stake in shares of Nutanix in the 3rd quarter worth $215,000. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of Nutanix in the 3rd quarter worth $215,000. 32.81% of the stock is currently owned by institutional investors.

A number of research analysts recently commented on NTNX shares. Robert W. Baird reaffirmed a “buy” rating and issued a $28.00 target price on shares of Nutanix in a research report on Friday, September 1st. Maxim Group reaffirmed a “buy” rating and issued a $41.00 target price on shares of Nutanix in a research report on Friday, September 1st. Credit Suisse Group reaffirmed a “buy” rating and issued a $38.00 target price on shares of Nutanix in a research report on Friday, July 28th. KeyCorp reaffirmed a “buy” rating and issued a $32.00 target price on shares of Nutanix in a research report on Friday, September 1st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $28.00 target price (up from $27.00) on shares of Nutanix in a research report on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $31.11.

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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