Nutanix Inc (NASDAQ:NTNX) President Sudheesh Nair Vadakkedath sold 40,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $30.35, for a total transaction of $1,214,000.00. Following the completion of the sale, the president now directly owns 193,856 shares of the company’s stock, valued at approximately $5,883,529.60. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Monday, January 22nd, Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock. The shares were sold at an average price of $35.52, for a total transaction of $1,420,800.00.
  • On Monday, January 8th, Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock. The shares were sold at an average price of $36.87, for a total transaction of $1,474,800.00.
  • On Tuesday, December 26th, Sudheesh Nair Vadakkedath sold 50,000 shares of Nutanix stock. The shares were sold at an average price of $34.35, for a total transaction of $1,717,500.00.
  • On Tuesday, December 12th, Sudheesh Nair Vadakkedath sold 90,000 shares of Nutanix stock. The shares were sold at an average price of $35.29, for a total transaction of $3,176,100.00.
  • On Monday, November 27th, Sudheesh Nair Vadakkedath sold 50,000 shares of Nutanix stock. The shares were sold at an average price of $34.07, for a total transaction of $1,703,500.00.
  • On Monday, November 13th, Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock. The shares were sold at an average price of $28.56, for a total transaction of $1,142,400.00.

Shares of Nutanix Inc (NTNX) opened at $31.24 on Friday. The firm has a market cap of $5,010.00 and a price-to-earnings ratio of -12.91. Nutanix Inc has a 12-month low of $14.38 and a 12-month high of $38.80.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.10. The business had revenue of $275.60 million during the quarter, compared to analysts’ expectations of $267.02 million. Nutanix had a negative net margin of 40.81% and a negative return on equity of 271.31%. The firm’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.37) EPS. analysts anticipate that Nutanix Inc will post -1.71 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Thompson Davis & CO. Inc. raised its holdings in Nutanix by 320.0% in 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 in the last quarter. US Bancorp DE raised its holdings in Nutanix by 850.6% in the 4th quarter. US Bancorp DE now owns 4,753 shares of the technology company’s stock worth $168,000 after purchasing an additional 4,253 shares in the last quarter. Legal & General Group Plc raised its holdings 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 worth $175,000 after purchasing an additional 8,530 shares in the last quarter. First American Bank bought a new position in Nutanix in the 4th quarter worth $207,000. Finally, PNC Financial Services Group Inc. bought a new position in Nutanix in the 2nd quarter worth $208,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

A number of brokerages have recently issued reports on NTNX. Goldman Sachs Group began coverage on shares of Nutanix in a research note on Wednesday. They issued a “conviction-buy” rating and a $43.00 price objective for the company. Zacks Investment Research cut shares of Nutanix from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Robert W. Baird reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Nutanix in a research note on Wednesday, January 31st. JPMorgan Chase & Co. cut shares of Nutanix from a “neutral” rating to an “underweight” rating and set a $35.00 price objective for the company. in a research note on Thursday, January 25th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $42.00 price objective (up previously from $37.00) on shares of Nutanix in a research note on Thursday, January 11th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. Nutanix has an average rating of “Buy” and an average target price of $36.30.

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Nutanix Company Profile

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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