Nutanix, Inc. (NASDAQ:NTNX) CEO Rajiv Ramaswami Sells 95,852 Shares of Stock

Nutanix, Inc. (NASDAQ:NTNX) CEO Rajiv Ramaswami sold 95,852 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the transaction, the chief executive officer now directly owns 540,463 shares of the company’s stock, valued at $37,832,410. The trade was a 15.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, December 16th, Rajiv Ramaswami sold 63,901 shares of Nutanix stock. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85.

Nutanix Trading Down 1.0 %

NTNX stock opened at $70.85 on Friday. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80. The stock has a fifty day moving average of $65.21 and a 200-day moving average of $61.65.

Analysts Set New Price Targets

Several brokerages recently weighed in on NTNX. Needham & Company LLC boosted their price objective on Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Oppenheimer began coverage on Nutanix in a research report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price objective for the company. Morgan Stanley upped their price target on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. StockNews.com lowered Nutanix from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 2nd. Finally, Northland Securities restated a “market perform” rating and issued a $77.00 target price (up from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $79.50.

Institutional Trading of Nutanix

A number of institutional investors have recently added to or reduced their stakes in NTNX. ORG Wealth Partners LLC purchased a new stake in shares of Nutanix in the 3rd quarter valued at about $27,000. Allworth Financial LP grew its position in shares of Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after buying an additional 256 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Nutanix by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after buying an additional 281 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Nutanix by 150.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after purchasing an additional 321 shares during the period. Finally, Principal Securities Inc. raised its stake in Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after buying an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

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.