Nutanix, Inc. (NASDAQ:NTNX) Director Virginia Gambale Sells 7,000 Shares

Nutanix, Inc. (NASDAQ:NTNX - Get Free Report) Director Virginia Gambale sold 7,000 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $78.00, for a total value of $546,000.00. Following the completion of the sale, the director now owns 38,330 shares in the company, valued at $2,989,740. This trade represents a 15.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Nutanix Trading Down 2.2%

Shares of NASDAQ:NTNX traded down $1.67 on Monday, reaching $75.44. 2,691,066 shares of the company traded hands, compared to its average volume of 2,523,861. The business's 50-day simple moving average is $70.93 and its 200 day simple moving average is $69.07. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $83.36. The stock has a market capitalization of $20.12 billion, a P/E ratio of -215.54, a price-to-earnings-growth ratio of 11.80 and a beta of 0.69.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Twin Tree Management LP bought a new position in shares of Nutanix during the first quarter valued at about $29,000. GW&K Investment Management LLC bought a new position in shares of Nutanix during the first quarter valued at about $30,000. Harbour Investments Inc. grew its stake in shares of Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after buying an additional 418 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Nutanix by 78.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after buying an additional 191 shares during the last quarter. Finally, Colonial Trust Co SC bought a new position in shares of Nutanix during the fourth quarter valued at about $28,000. 85.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Raymond James downgraded Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Oppenheimer increased their target price on Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. UBS Group increased their target price on Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Royal Bank of Canada increased their target price on Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $90.38.

About Nutanix

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.

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