Nutanix Inc (NASDAQ:NTNX)’s share price gapped down before the market opened on Monday after an insider sold shares in the company. The stock had previously closed at $53.63, but opened at $53.00. Nutanix shares last traded at $53.00, with a volume of 7124136 shares traded.

Specifically, EVP David Sangster sold 5,892 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $36.32, for a total value of $213,997.44. Following the transaction, the executive vice president now directly owns 12,500 shares of the company’s stock, valued at approximately $454,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey T. Parks sold 1,858,951 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $37.94, for a total value of $70,528,600.94. The disclosure for this sale can be found here. Insiders have sold 2,626,002 shares of company stock worth $100,355,181 in the last 90 days. Insiders own 19.81% of the company’s stock.

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Several brokerages recently weighed in on NTNX. KeyCorp reaffirmed a “buy” rating and issued a $61.00 target price on shares of Nutanix in a research report on Tuesday, March 13th. Jefferies Group increased their target price on Nutanix to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, March 13th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $52.00 target price (up from $42.00) on shares of Nutanix in a research report on Tuesday, March 13th. Needham & Company LLC increased their target price on Nutanix from $48.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, March 13th. Finally, Wells Fargo increased their target price on Nutanix to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 13th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $46.52.

The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.10 and a current ratio of 3.10. The firm has a market cap of $8,621.19, a PE ratio of -24.65 and a beta of 2.13.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, March 1st. The technology company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.06. Nutanix had a negative return on equity of 196.67% and a negative net margin of 33.34%. The company had revenue of $286.70 million for the quarter, compared to analyst estimates of $283.22 million. During the same period last year, the company posted ($0.28) earnings per share. The firm’s revenue was up 44.1% compared to the same quarter last year. analysts forecast that Nutanix Inc will post -1.59 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Focused Wealth Management Inc increased its position in shares of Nutanix by 107.2% during the fourth quarter. Focused Wealth Management Inc now owns 4,059 shares of the technology company’s stock worth $143,000 after acquiring an additional 2,100 shares during the last quarter. Delpha Capital Management LLC purchased a new stake in shares of Nutanix during the fourth quarter worth about $104,000. Brown Advisory Inc. increased its position in shares of Nutanix by 4.4% during the third quarter. Brown Advisory Inc. now owns 76,570 shares of the technology company’s stock worth $1,714,000 after acquiring an additional 3,254 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in shares of Nutanix by 96.2% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 7,989 shares of the technology company’s stock worth $282,000 after acquiring an additional 3,918 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Nutanix by 115.4% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,432 shares of the technology company’s stock worth $262,000 after acquiring an additional 3,982 shares during the last quarter. 44.26% of the stock is currently owned by institutional investors.

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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.

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