Nutanix Inc. (NASDAQ:NTNX) Director Jeffrey T. Parks sold 456,623 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $29.51, for a total value of $13,474,944.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Nutanix Inc. (NASDAQ NTNX) opened at $29.30 on Monday. 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 data on Thursday, August 31st. The technology company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.05. The business had revenue of $226.10 million for the quarter, compared to analyst estimates of $216.00 million. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. Nutanix’s quarterly revenue was up 61.7% compared to the same quarter last year. research analysts expect that Nutanix Inc. will post -2.19 EPS for the current fiscal year.

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A number of brokerages have recently weighed in on NTNX. Robert W. Baird restated a “buy” rating and issued a $28.00 price target on shares of Nutanix in a research report on Friday, September 1st. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $21.00 price objective (up previously from $19.00) on shares of Nutanix in a research note on Sunday, September 3rd. JMP Securities reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Nutanix in a research note on Sunday, September 3rd. KeyCorp reaffirmed a “buy” rating and set a $32.00 price objective on shares of Nutanix in a research note on Friday, September 1st. Finally, Piper Jaffray Companies set a $28.00 price objective on Nutanix and gave the company a “buy” rating in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. Nutanix currently has an average rating of “Buy” and an average price target of $30.68.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTNX. FMR LLC raised its holdings in shares of Nutanix by 320.6% during the 2nd quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock valued at $242,686,000 after buying an additional 9,180,123 shares during the period. Vanguard Group Inc. raised its holdings in shares of Nutanix by 65.5% during the 1st quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock valued at $61,480,000 after buying an additional 1,295,813 shares during the period. Franklin Resources Inc. purchased a new stake in shares of Nutanix during the 2nd quarter valued at about $55,063,000. Hodges Capital Management Inc. raised its holdings in shares of Nutanix by 40.3% during the 2nd quarter. Hodges Capital Management Inc. now owns 1,437,788 shares of the technology company’s stock valued at $28,971,000 after buying an additional 412,998 shares during the period. Finally, Artemis Investment Management LLP raised its holdings in shares of Nutanix by 17.9% during the 3rd quarter. Artemis Investment Management LLP now owns 844,784 shares of the technology company’s stock valued at $18,910,000 after buying an additional 128,493 shares during the period. 32.81% of the stock is currently owned by institutional investors and hedge funds.

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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