Nutanix (NASDAQ:NTNX) CEO Rajiv Ramaswami Sells 75,045 Shares of Stock

Nutanix (NASDAQ:NTNX) CEO Rajiv Ramaswami sold 75,045 shares of the business’s stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $74.00, for a total transaction of $5,553,330.00. Following the transaction, the chief executive officer owned 414,339 shares in the company, valued at $30,661,086. This represents a 15.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Rajiv Ramaswami also recently made the following trade(s):

• On Tuesday, October 6th, Rajiv Ramaswami sold 324,955 shares of Nutanix stock. The stock was sold at an average price of $73.57, for a total transaction of $23,906,939.35.

Nutanix Stock Performance

Shares of NTNX opened at $73.11 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.80 and a quick ratio of 1.80. Nutanix has a one year low of $34.01 and a one year high of $74.42. The company has a 50-day simple moving average of $67.40 and a two-hundred day simple moving average of $54.21. The firm has a market capitalization of $19.78 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 3.64 and a beta of 0.64.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. Nutanix had a negative return on equity of 90.13% and a net margin of 52.81%.The firm had revenue of $757.08 million for the quarter, compared to the consensus estimate of $738.27 million. During the same quarter in the prior year, the business earned $0.37 EPS. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, analysts anticipate that Nutanix will post 1.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Nutanix

A number of hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its holdings in Nutanix by 43.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 578 shares of the technology company’s stock worth $29,000 after acquiring an additional 176 shares during the last quarter. CoreCap Advisors LLC boosted its stake in Nutanix by 28.6% during the 2nd quarter. CoreCap Advisors LLC now owns 900 shares of the technology company’s stock valued at $46,000 after purchasing an additional 200 shares during the last quarter. Doliver Advisors LP boosted its stake in Nutanix by 3.0% during the 3rd quarter. Doliver Advisors LP now owns 7,657 shares of the technology company’s stock valued at $539,000 after purchasing an additional 221 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Nutanix by 5.8% in the 1st quarter. International Assets Investment Management LLC now owns 4,700 shares of the technology company’s stock worth $179,000 after purchasing an additional 259 shares in the last quarter. Finally, CX Institutional raised its stake in shares of Nutanix by 134.6% in the second quarter. CX Institutional now owns 488 shares of the technology company’s stock worth $25,000 after purchasing an additional 280 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NTNX shares. Needham & Company LLC began coverage on Nutanix in a research note on Monday, September 28th. They issued a “buy” rating and a $90.00 price target on the stock. Wall Street Zen raised Nutanix from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Morgan Stanley boosted their target price on shares of Nutanix from $55.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, August 27th. KeyCorp upped their target price on shares of Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, August 24th. Finally, Northland Securities set a $70.00 price target on shares of Nutanix in a research note on Thursday, August 27th. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $73.07.

Nutanix Company Profile

Nutanix, Inc develops enterprise cloud software that helps organizations manage applications and data across on-premises infrastructure, public clouds and hybrid multicloud environments. Its platform is designed to simplify the operation of data centers and cloud resources through a unified software experience.

The company’s offerings include hyperconverged infrastructure software, the Nutanix Cloud Infrastructure platform and AHV virtualization. Nutanix also provides services for file and object storage, databases, disaster recovery, Kubernetes and application management, as well as tools that help customers monitor, secure and govern their hybrid and multicloud environments.

Founded in 2009 and headquartered in San Jose, California, Nutanix serves businesses, government organizations and other institutions globally through direct sales and channel partners.