Nutanix Inc. (NTNX) Director Jeffrey T. Parks Sells 103,975 Shares of Stock
Nutanix Inc. (NASDAQ:NTNX) Director Jeffrey T. Parks sold 103,975 shares of Nutanix stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $29.20, for a total transaction of $3,036,070.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Nutanix Inc. (NTNX) traded up $0.14 during mid-day trading on Friday, hitting $29.30. 2,495,521 shares of the company were exchanged, compared to its average volume of 3,004,620. Nutanix Inc. has a 52-week low of $14.38 and a 52-week high of $34.96.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates 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. analysts predict that Nutanix Inc. will post -2.19 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. boosted its stake in shares of Nutanix by 320.0% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock worth $118,000 after purchasing an additional 4,000 shares during the period. Legal & General Group Plc boosted its position in Nutanix by 3,147.6% in the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after buying an additional 8,530 shares during the period. SG Americas Securities LLC purchased a new stake in Nutanix in the 2nd quarter valued at about $186,000. Stifel Financial Corp purchased a new stake in Nutanix in the 3rd quarter valued at about $215,000. Finally, First Allied Advisory Services Inc. purchased a new stake in Nutanix in the 3rd quarter valued at about $215,000. 31.53% of the stock is owned by hedge funds and other institutional investors.
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.
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