Rajiv Ramaswami Sells 1,925 Shares of Nutanix (NASDAQ:NTNX) Stock

Nutanix (NASDAQ:NTNX - Get Free Report) CEO Rajiv Ramaswami sold 1,925 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $75.00, for a total value of $144,375.00. Following the completion of the sale, the chief executive officer now owns 518,561 shares in the company, valued at $38,892,075. The trade was a 0.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Rajiv Ramaswami also recently made the following trade(s):

• On Tuesday, May 13th, Rajiv Ramaswami sold 61,057 shares of Nutanix stock. The shares were sold at an average price of $79.00, for a total transaction of $4,823,503.00.

Nutanix Stock Performance

Shares of NTNX traded up $0.01 during midday trading on Friday, hitting $75.29. 2,936,156 shares of the stock were exchanged, compared to its average volume of 2,539,367. Nutanix has a 52-week low of $43.35 and a 52-week high of $83.36. The stock has a fifty day simple moving average of $74.19 and a 200 day simple moving average of $69.59. The firm has a market cap of $20.18 billion, a P/E ratio of -268.89, a P/E/G ratio of 6.67 and a beta of 0.69.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its earnings results on Wednesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $638.98 million during the quarter, compared to analysts' expectations of $626.12 million. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. Nutanix's revenue for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS. As a group, equities research analysts forecast that Nutanix will post 0.31 EPS for the current fiscal year.

Institutional Trading of Nutanix

Several hedge funds have recently made changes to their positions in NTNX. Harbour Investments Inc. grew its holdings in shares of Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after purchasing an additional 418 shares in the last quarter. Colonial Trust Co SC purchased a new position in Nutanix in the fourth quarter valued at $28,000. Twin Tree Management LP acquired a new position in shares of Nutanix during the first quarter worth about $29,000. MassMutual Private Wealth & Trust FSB increased 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 worth $30,000 after buying an additional 191 shares during the period. Finally, GW&K Investment Management LLC purchased a new stake in Nutanix during the first quarter worth approximately $30,000. Institutional investors and hedge funds own 85.25% of the company's stock.

Wall Street Analyst Weigh In

NTNX has been the subject of a number of analyst reports. Raymond James Financial downgraded shares of Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Wall Street Zen upgraded shares of Nutanix from a "buy" rating to a "strong-buy" rating in a research report on Sunday, June 22nd. Royal Bank Of Canada raised their price target on shares of Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and set a $92.00 target price on shares of Nutanix in a report on Thursday, May 29th. Finally, UBS Group increased their price objective on shares of Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Nutanix has an average rating of "Buy" and an average target price of $90.71.

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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