Nutanix, Inc. (NASDAQ:NTNX) Insider Tyler Wall Sells 15,000 Shares

Nutanix, Inc. (NASDAQ:NTNX) insider Tyler Wall sold 15,000 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $62.25, for a total transaction of $933,750.00. Following the sale, the insider now owns 13,168 shares in the company, valued at approximately $819,708. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nutanix Price Performance

Nutanix stock opened at $61.93 on Thursday. The firm has a 50 day simple moving average of $59.73 and a 200-day simple moving average of $47.38. The stock has a market capitalization of $15.13 billion, a PE ratio of -172.03 and a beta of 1.29. Nutanix, Inc. has a 12-month low of $23.34 and a 12-month high of $66.99.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $565.23 million during the quarter, compared to the consensus estimate of $551.82 million. On average, analysts forecast that Nutanix, Inc. will post -0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Piper Sandler increased their price objective on shares of Nutanix from $67.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Royal Bank of Canada increased their price objective on shares of Nutanix from $68.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. increased their price objective on shares of Nutanix from $54.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Barclays increased their price objective on shares of Nutanix from $49.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Finally, Bank of America raised their price target on shares of Nutanix from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.92.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NTNX. FIL Ltd boosted its holdings in shares of Nutanix by 74.7% in the fourth quarter. FIL Ltd now owns 8,908,166 shares of the technology company’s stock valued at $424,830,000 after acquiring an additional 3,809,981 shares in the last quarter. Norges Bank bought a new stake in Nutanix during the fourth quarter worth approximately $137,465,000. Jericho Capital Asset Management L.P. bought a new stake in Nutanix during the third quarter worth approximately $82,421,000. Price T Rowe Associates Inc. MD boosted its holdings in Nutanix by 86.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,373,347 shares of the technology company’s stock worth $160,876,000 after buying an additional 1,567,417 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Nutanix by 5.0% during the first quarter. Vanguard Group Inc. now owns 23,344,292 shares of the technology company’s stock worth $626,094,000 after buying an additional 1,116,856 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

About Nutanix

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.