Nutanix Inc. (NASDAQ:NTNX) President Sudheesh Nair Vadakkedath sold 25,000 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $23.14, for a total value of $578,500.00. Following the transaction, the president now directly owns 323,330 shares in the company, valued at $7,481,856.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Sudheesh Nair Vadakkedath also recently made the following trade(s):

  • On Tuesday, October 10th, Sudheesh Nair Vadakkedath sold 90,000 shares of Nutanix stock. The stock was sold at an average price of $24.48, for a total value of $2,203,200.00.
  • On Friday, September 29th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The stock was sold at an average price of $22.41, for a total value of $560,250.00.
  • On Monday, September 25th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The stock was sold at an average price of $24.30, for a total value of $607,500.00.
  • On Friday, September 15th, Sudheesh Nair Vadakkedath sold 50,000 shares of Nutanix stock. The stock was sold at an average price of $21.39, for a total value of $1,069,500.00.
  • On Tuesday, September 12th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The stock was sold at an average price of $21.99, for a total value of $549,750.00.
  • On Monday, September 11th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The stock was sold at an average price of $21.82, for a total value of $545,500.00.
  • On Wednesday, September 13th, Sudheesh Nair Vadakkedath sold 75,000 shares of Nutanix stock. The stock was sold at an average price of $21.88, for a total value of $1,641,000.00.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.05. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The company had revenue of $226.10 million for the quarter, compared to analyst estimates of $216.00 million. Nutanix’s revenue was up 61.7% compared to the same quarter last year.

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A number of institutional investors and hedge funds have recently modified their holdings of NTNX. Public Employees Retirement System of Ohio lifted its holdings in shares of Nutanix by 6.3% in the second quarter. Public Employees Retirement System of Ohio now owns 135,605 shares of the technology company’s stock valued at $2,732,000 after purchasing an additional 8,066 shares in the last quarter. Fairfield Bush & CO. purchased a new stake in shares of Nutanix in the second quarter valued at about $2,760,000. California State Teachers Retirement System lifted its holdings in shares of Nutanix by 107.0% in the second quarter. California State Teachers Retirement System now owns 61,700 shares of the technology company’s stock valued at $1,243,000 after purchasing an additional 31,900 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Nutanix by 661.5% in the second quarter. The Manufacturers Life Insurance Company now owns 30,383 shares of the technology company’s stock valued at $612,000 after purchasing an additional 26,393 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Nutanix by 146.7% in the second quarter. State Street Corp now owns 547,995 shares of the technology company’s stock valued at $11,042,000 after purchasing an additional 325,821 shares in the last quarter. Institutional investors own 31.48% of the company’s stock.

A number of brokerages have recently issued reports on NTNX. Vetr downgraded Nutanix from a “strong-buy” rating to a “buy” rating and set a $27.22 price target on the stock. in a research report on Tuesday. Morgan Stanley reissued an “equal weight” rating and issued a $22.00 target price on shares of Nutanix in a research report on Sunday, October 1st. Robert W. Baird reissued a “buy” rating and issued a $31.00 target price (up from $28.00) on shares of Nutanix in a research report on Monday, September 25th. Maxim Group reissued a “buy” rating and issued a $41.00 target price on shares of Nutanix in a research report on Friday, September 22nd. Finally, Bank of America Corporation upped their target price on Nutanix from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $30.28.

About Nutanix

Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.

Insider Buying and Selling by Quarter for Nutanix (NASDAQ:NTNX)

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