Nutanix, Inc. (NASDAQ:NTNX) Director Virginia Gambale Sells 6,060 Shares

Nutanix, Inc. (NASDAQ:NTNX) Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the transaction, the director now owns 45,330 shares of the company’s stock, valued at $2,934,210.90. The trade was a 11.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Nutanix Trading Down 0.8 %

NASDAQ NTNX traded down $0.50 on Monday, reaching $64.57. 887,075 shares of the stock were exchanged, compared to its average volume of 2,622,976. The firm has a market capitalization of $17.30 billion, a PE ratio of -184.49, a PEG ratio of 10.34 and a beta of 1.13. Nutanix, Inc. has a one year low of $43.35 and a one year high of $75.80. The company’s 50-day simple moving average is $66.44 and its two-hundred day simple moving average is $59.32.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Bain Capital Investors LLC bought a new stake in Nutanix during the third quarter valued at about $998,601,000. Driehaus Capital Management LLC raised its stake in Nutanix by 123.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock valued at $81,593,000 after purchasing an additional 794,215 shares during the period. Two Sigma Advisers LP lifted its holdings in Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after purchasing an additional 695,567 shares in the last quarter. Marshall Wace LLP grew its holdings in Nutanix by 47.5% during the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock valued at $84,308,000 after buying an additional 477,838 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Nutanix by 15.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock valued at $166,886,000 after buying an additional 374,328 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NTNX shares. Wells Fargo & Company upped their price target on shares of Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. UBS Group assumed coverage on shares of Nutanix in a report on Thursday, December 12th. They set a “buy” rating and a $81.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Raymond James increased their target price on Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Finally, Royal Bank of Canada boosted their price target on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.