Nutanix Inc. (NASDAQ:NTNX) President Sudheesh Nair Vadakkedath sold 25,000 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $22.41, for a total value of $560,250.00. Following the transaction, the president now owns 311,519 shares in the company, valued at approximately $6,981,140.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Sudheesh Nair Vadakkedath also recently made the following trade(s):

  • On Monday, September 25th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The shares were sold at an average price of $24.30, for a total value of $607,500.00.
  • On Friday, September 15th, Sudheesh Nair Vadakkedath sold 50,000 shares of Nutanix stock. The stock was sold at an average price of $21.39, for a total value of $1,069,500.00.
  • On Tuesday, September 12th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The stock was sold at an average price of $21.99, for a total value of $549,750.00.
  • On Monday, September 11th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The stock was sold at an average price of $21.82, for a total value of $545,500.00.
  • On Wednesday, September 13th, Sudheesh Nair Vadakkedath sold 75,000 shares of Nutanix stock. The stock was sold at an average price of $21.88, for a total value of $1,641,000.00.

Shares of Nutanix Inc. (NASDAQ NTNX) traded down 1.45% during trading on Tuesday, reaching $23.17. 3,370,415 shares of the company’s stock traded hands. The company’s 50-day moving average is $22.63 and its 200 day moving average is $22.63. The company’s market cap is $3.59 billion. Nutanix Inc. has a 52-week low of $21.21 and a 52-week high of $40.86.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping 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 firm had revenue of $226.10 million during the quarter, compared to analysts’ expectations of $216.00 million. Nutanix’s revenue was up 61.7% compared to the same quarter last year. Equities analysts forecast that Nutanix Inc. will post ($0.94) EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in NTNX. Legal & General Group Plc lifted its position in 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 buying an additional 8,530 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Nutanix in the second quarter worth approximately $186,000. First American Bank purchased a new stake in Nutanix in the second quarter worth approximately $205,000. PNC Financial Services Group Inc. bought a new position in Nutanix during the second quarter valued at approximately $208,000. Finally, Oppenheimer & Co. Inc. bought a new position in Nutanix during the first quarter valued at approximately $211,000. Institutional investors own 31.48% of the company’s stock.

A number of equities analysts recently commented on NTNX shares. William Blair reaffirmed a “buy” rating on shares of Nutanix in a research report on Thursday, August 31st. JMP Securities reissued an “outperform” rating and set a $35.00 price target on shares of Nutanix in a research report on Sunday, September 3rd. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $34.00 price objective on shares of Nutanix in a research note on Wednesday, July 5th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $28.00 price objective on shares of Nutanix in a report on Thursday, September 14th. Finally, Bank of America Corporation lifted their price objective on Nutanix from $30.00 to $35.00 and gave the company a “buy” rating in a report on Monday, September 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. Nutanix presently has an average rating of “Buy” and a consensus target price of $31.19.

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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