Nutanix, Inc. (NASDAQ:NTNX) CEO Rajiv Ramaswami Sells 63,901 Shares

Nutanix, Inc. (NASDAQ:NTNX) CEO Rajiv Ramaswami sold 63,901 shares of Nutanix stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the completion of the sale, the chief executive officer now owns 649,034 shares of the company’s stock, valued at $42,738,888.90. This trade represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Nutanix Stock Performance

Shares of Nutanix stock opened at $63.90 on Friday. The firm has a 50-day simple moving average of $66.43 and a two-hundred day simple moving average of $59.16. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80. The company has a market cap of $17.12 billion, a P/E ratio of -182.57, a price-to-earnings-growth ratio of 10.34 and a beta of 1.13.

Hedge Funds Weigh In On Nutanix

A number of large investors have recently bought and sold shares of the business. ORG Wealth Partners LLC acquired a new stake in Nutanix in the third quarter valued at approximately $27,000. Larson Financial Group LLC grew its stake in Nutanix by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after acquiring an additional 281 shares during the period. Advisors Asset Management Inc. increased its holdings in Nutanix by 150.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after acquiring an additional 321 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in Nutanix during the second quarter worth $32,000. Finally, Signaturefd LLC lifted its holdings in Nutanix by 57.8% during the third quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock valued at $57,000 after purchasing an additional 350 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NTNX shares. Royal Bank of Canada raised their price target on shares of Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Wells Fargo & Company lifted their price target on Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Barclays increased their price objective on Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Bank of America lifted their target price on Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, Oppenheimer started coverage on Nutanix in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 target price on the stock. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Nutanix currently has an average rating of “Moderate Buy” and an average target price of $79.47.

Nutanix Company Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.