Nutanix Inc. (NASDAQ:NTNX) President Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $26.57, for a total transaction of $1,062,800.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Monday, October 9th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The stock was sold at an average price of $23.14, for a total transaction of $578,500.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $549,750.00.
  • On Monday, September 11th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The shares were sold at an average price of $21.82, for a total transaction of $545,500.00.
  • On Wednesday, September 13th, Sudheesh Nair Vadakkedath sold 75,000 shares of Nutanix stock. The shares were sold at an average price of $21.88, for a total transaction of $1,641,000.00.

Nutanix Inc. (NTNX) traded down 0.30% during midday trading on Monday, reaching $26.54. 3,305,919 shares of the company’s stock traded hands. The company’s 50-day moving average price is $23.25 and its 200-day moving average price is $23.25. The stock’s market cap is $4.11 billion. Nutanix Inc. has a 52-week low of $14.38 and a 52-week high of $34.96.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Thursday, August 31st. The technology company reported ($0.33) EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $226.10 million during the quarter, compared to analysts’ expectations of $216.00 million. The firm’s quarterly revenue was up 61.7% on a year-over-year basis. On average, equities analysts predict that Nutanix Inc. will post ($0.94) EPS for the current fiscal year.

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

Several research firms recently issued reports on NTNX. Robert W. Baird restated a “buy” rating and issued a $28.00 target price on shares of Nutanix in a report on Friday, September 1st. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $21.00 target price (up previously from $19.00) on shares of Nutanix in a report on Sunday, September 3rd. Pacific Crest restated an “overweight” rating and issued a $30.00 target price on shares of Nutanix in a report on Monday, July 3rd. KeyCorp restated a “buy” rating and issued a $32.00 target price on shares of Nutanix in a report on Friday, September 1st. Finally, JMP Securities restated an “outperform” rating and issued a $35.00 target price on shares of Nutanix in a report on Sunday, September 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average 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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