Nutanix (NASDAQ:NTNX) Director Sells 3,500 Shares of Company Stock

Key Points

• Insider sale: Nutanix director Teresa Sheppard sold 3,500 shares at an average price of $73.67, generating approximately $257,845 and reducing her ownership by 12.97%.
• Strong quarterly performance: Nutanix reported adjusted EPS of $0.60 versus the $0.49 consensus estimate and revenue of $757.1 million, up 15.9% year over year.
• Positive market sentiment: Shares rose 2.1% to $74.63, while institutional investors own 85.25% of the company and analysts maintain a “Moderate Buy” consensus with an average price target of $73.07.

Nutanix (NASDAQ:NTNX - Get Free Report) Director Teresa Sheppard sold 3,500 shares of Nutanix stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $73.67, for a total transaction of $257,845.00. Following the completion of the sale, the director owned 23,488 shares in the company, valued at $1,730,360.96. This trade represents a 12.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nutanix Stock Up 2.1%

Nutanix stock traded up $1.52 during mid-day trading on Friday, reaching $74.63. The company's stock had a trading volume of 2,094,820 shares, compared to its average volume of 3,801,436. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.80 and a current ratio of 1.80. Nutanix has a 12 month low of $34.01 and a 12 month high of $74.66. The business's 50 day simple moving average is $67.40 and its 200 day simple moving average is $54.21. The company has a market capitalization of $20.19 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 3.64 and a beta of 0.64.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.49 by $0.11. The firm had revenue of $757.08 million for the quarter, compared to analysts' expectations of $738.27 million. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. The company's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 EPS. As a group, research analysts anticipate that Nutanix will post 1.17 earnings per share for the current year.

Institutional Trading of Nutanix

Hedge funds have recently modified their holdings of the stock. Riversedge Advisors LLC boosted its holdings in shares of Nutanix by 9.0% during the 3rd quarter. Riversedge Advisors LLC now owns 5,576 shares of the technology company's stock worth $393,000 after buying an additional 462 shares during the period. Wedmont Private Capital raised its holdings in Nutanix by 11.0% in the 3rd quarter. Wedmont Private Capital now owns 4,602 shares of the technology company's stock valued at $336,000 after acquiring an additional 457 shares during the period. LifeGoal Investments LLC acquired a new stake in Nutanix during the third quarter worth approximately $260,000. Stableford Capital II LLC acquired a new stake in Nutanix during the third quarter worth approximately $973,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Nutanix by 12.4% during the third quarter. GAMMA Investing LLC now owns 11,305 shares of the technology company's stock worth $796,000 after acquiring an additional 1,245 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on NTNX. Piper Sandler reaffirmed an "overweight" rating and set a $75.00 price target (up from $60.00) on shares of Nutanix in a research report on Thursday, August 27th. Bank of America reiterated a "buy" rating on shares of Nutanix in a research note on Thursday, August 27th. Royal Bank Of Canada lifted their price target on Nutanix from $84.00 to $90.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. KeyCorp upped their price objective on Nutanix from $65.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, August 24th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Nutanix in a research report on Tuesday, August 25th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $73.07.

Key Stories Impacting Nutanix

Here are the key news stories impacting Nutanix this week:

• Positive Sentiment: AI-focused customer momentum: Bharat Heavy Electricals Limited (BHEL) and SIS Limited highlighted Nutanix technology in initiatives to modernize infrastructure, support core applications and prepare for artificial-intelligence workloads. The reports did not disclose contract values, but they reinforce the company’s positioning in enterprise hybrid-cloud and AI infrastructure. BHEL accelerates innovation and readies for the AI era with Nutanix SIS Limited Modernizes Core Applications and Drives AI Readiness with Nutanix
• Positive Sentiment: Institutional support and analyst optimism: Several large investment firms increased their Nutanix holdings, while Needham initiated coverage with a Buy rating and a $90 price target. The broader analyst consensus remains “Moderate Buy,” although the consensus target of approximately $73 is close to the current trading range.
• Positive Sentiment: Solid operating backdrop: Nutanix’s latest quarterly results exceeded expectations, with adjusted EPS of $0.60 versus the $0.49 consensus and revenue of $757.1 million versus $738.3 million expected. Revenue increased 15.9% year over year, supporting the stock’s valuation and growth narrative.
• Neutral Sentiment: Short-interest data: Reported short interest was zero shares, implying no measurable short-selling pressure. Investors should treat the figure cautiously because it may reflect a reporting or data anomaly.
• Negative Sentiment: Heavy insider selling: CEO Rajiv Ramaswami sold 324,955 shares for approximately $23.9 million on October 6 and another 75,045 shares for about $5.6 million on October 7, reducing his holdings by roughly 40% across the reported transactions. Director Teresa Sheppard separately sold 3,500 shares worth approximately $257,845. These sales can raise concerns about insider confidence, although they may also reflect personal diversification or scheduled transactions. Nutanix CEO Rajiv Ramaswami sells shares

About Nutanix

Nutanix, Inc develops enterprise cloud software that helps organizations manage applications and data across on-premises infrastructure, public clouds and hybrid multicloud environments. Its platform is designed to simplify the operation of data centers and cloud resources through a unified software experience.

The company's offerings include hyperconverged infrastructure software, the Nutanix Cloud Infrastructure platform and AHV virtualization. Nutanix also provides services for file and object storage, databases, disaster recovery, Kubernetes and application management, as well as tools that help customers monitor, secure and govern their hybrid and multicloud environments.

Founded in 2009 and headquartered in San Jose, California, Nutanix serves businesses, government organizations and other institutions globally through direct sales and channel partners.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.