Nutanix, Inc. (NASDAQ:NTNX - Get Free Report) CFO Rukmini Sivaraman sold 11,810 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total transaction of $786,900.30. Following the completion of the sale, the chief financial officer now directly owns 190,882 shares in the company, valued at $12,718,467.66. This represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Nutanix Stock Performance
NTNX opened at $66.14 on Wednesday. The company's 50-day simple moving average is $66.44 and its two-hundred day simple moving average is $59.10. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $75.80. The stock has a market capitalization of $17.72 billion, a P/E ratio of -188.97, a P/E/G ratio of 10.34 and a beta of 1.13.
Analyst Ratings Changes
NTNX has been the topic of a number of research reports. Raymond James raised their price target on Nutanix from $76.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, August 29th. Bank of America raised their price objective on Nutanix from $72.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, August 29th. Barclays upped their target price on Nutanix from $75.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Wells Fargo & Company lifted their price target on shares of Nutanix from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Nutanix from $65.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.47.
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Hedge Funds Weigh In On Nutanix
Hedge funds and other institutional investors have recently modified their holdings of the company. Versor Investments LP lifted its holdings in Nutanix by 211.7% in the third quarter. Versor Investments LP now owns 33,352 shares of the technology company's stock valued at $1,976,000 after acquiring an additional 22,652 shares during the period. Marshall Wace LLP grew its position in shares of Nutanix by 47.5% during the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company's stock valued at $84,308,000 after acquiring an additional 477,838 shares during the period. Atreides Management LP bought a new position in Nutanix in the 3rd quarter worth $8,290,000. Resolute Capital Asset Partners LLC purchased a new position in Nutanix during the second quarter valued at $2,274,000. Finally, Two Sigma Advisers LP lifted its position in Nutanix by 32.8% during the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company's stock valued at $166,730,000 after purchasing an additional 695,567 shares in the last quarter. 85.25% of the stock is owned by institutional investors.
About Nutanix
(
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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.
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