Nutanix Inc (NASDAQ:NTNX) fell 5.2% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $42.29 and last traded at $42.63. 2,341,068 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 3,503,283 shares. The stock had previously closed at $44.96.

Specifically, Director John Mcadam sold 15,000 shares of the company’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $44.63, for a total value of $669,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Sangster sold 7,916 shares of the company’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $42.56, for a total transaction of $336,904.96. The disclosure for this sale can be found here. Insiders sold a total of 62,121 shares of company stock valued at $2,893,177 over the last ninety days. 14.57% of the stock is currently owned by insiders.

A number of brokerages have issued reports on NTNX. Needham & Company LLC upped their price objective on shares of Nutanix from $71.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, November 28th. They noted that the move was a valuation call. William Blair reaffirmed an “outperform” rating on shares of Nutanix in a research report on Wednesday, November 28th. Maxim Group reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Nutanix in a research report on Wednesday, November 28th. Stifel Nicolaus reduced their price objective on shares of Nutanix from $64.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, November 28th. Finally, Jefferies Financial Group reduced their price objective on shares of Nutanix to $48.00 and set a “hold” rating for the company in a research report on Wednesday, November 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $58.65.

The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 1.31. The company has a market cap of $7.73 billion, a price-to-earnings ratio of -25.22 and a beta of 0.67.

Nutanix (NASDAQ:NTNX) last released its earnings results on Tuesday, November 27th. The technology company reported ($0.51) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.24). The company had revenue of $313.28 million during the quarter, compared to analysts’ expectations of $305.21 million. Nutanix had a negative net margin of 27.65% and a negative return on equity of 94.01%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.16) earnings per share. As a group, analysts expect that Nutanix Inc will post -2.19 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NTNX. Frontier Capital Management Co. LLC boosted its stake in Nutanix by 2,191.0% in the third quarter. Frontier Capital Management Co. LLC now owns 1,095,297 shares of the technology company’s stock valued at $46,791,000 after acquiring an additional 1,047,488 shares during the last quarter. FMR LLC boosted its stake in Nutanix by 5.4% in the second quarter. FMR LLC now owns 17,727,613 shares of the technology company’s stock valued at $914,213,000 after acquiring an additional 900,523 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Nutanix by 189.0% during the 2nd quarter. Millennium Management LLC now owns 1,005,004 shares of the technology company’s stock valued at $51,828,000 after buying an additional 657,294 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Nutanix by 36.0% during the 3rd quarter. Alliancebernstein L.P. now owns 2,222,723 shares of the technology company’s stock valued at $94,955,000 after buying an additional 588,743 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Nutanix by 213.3% during the 3rd quarter. First Trust Advisors LP now owns 809,399 shares of the technology company’s stock valued at $34,578,000 after buying an additional 551,052 shares in the last quarter. Hedge funds and other institutional investors own 50.06% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.watchlistnews.com/nutanix-ntnx-stock-price-down-5-2-after-insider-selling/2663383.html.

About Nutanix (NASDAQ:NTNX)

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

Featured Article: How to Invest in a Bull Market

Receive News & Ratings for Nutanix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix and related companies with MarketBeat.com's FREE daily email newsletter.