Nutanix, Inc. (NASDAQ:NTNX - Get Free Report) Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the sale, the director now owns 11,354,032 shares of the company's stock, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Nutanix Stock Up 0.0 %
Shares of NASDAQ:NTNX opened at $77.10 on Thursday. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99. The firm's 50 day moving average price is $67.74 and its 200 day moving average price is $64.82. The stock has a market cap of $20.66 billion, a price-to-earnings ratio of -220.29, a price-to-earnings-growth ratio of 11.80 and a beta of 1.17.
Institutional Trading of Nutanix
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its holdings in Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock worth $40,000 after purchasing an additional 146 shares in the last quarter. True Wealth Design LLC raised its holdings in Nutanix by 13.2% during the fourth quarter. True Wealth Design LLC now owns 1,249 shares of the technology company's stock worth $76,000 after purchasing an additional 146 shares in the last quarter. Freedom Investment Management Inc. raised its holdings in Nutanix by 4.0% during the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company's stock worth $230,000 after purchasing an additional 151 shares in the last quarter. Azzad Asset Management Inc. ADV raised its holdings in Nutanix by 0.5% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 34,887 shares of the technology company's stock worth $2,134,000 after purchasing an additional 159 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in Nutanix by 3.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock worth $349,000 after purchasing an additional 188 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.
Wall Street Analyst Weigh In
NTNX has been the subject of several recent analyst reports. Royal Bank of Canada raised their price objective on shares of Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Piper Sandler raised their price objective on shares of Nutanix from $83.00 to $88.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Oppenheimer raised their price objective on shares of Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. StockNews.com cut shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $87.79.
Read Our Latest Stock Analysis on Nutanix
About Nutanix
(
Get Free Report)
Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers' enterprise infrastructure.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
