Insider Selling: Nutanix (NASDAQ:NTNX) CEO Sells 1,925 Shares of Stock

Nutanix (NASDAQ:NTNX - Get Free Report) CEO Rajiv Ramaswami sold 1,925 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $75.00, for a total transaction of $144,375.00. Following the completion of the transaction, the chief executive officer owned 518,561 shares of the company's stock, valued at approximately $38,892,075. The trade was a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 Nutanix stock traded up $1.15 during trading on Monday, hitting $76.44. 3,315,418 shares of the stock traded hands, compared to its average volume of 2,536,326. The stock has a market cap of $20.49 billion, a P/E ratio of 153.65, a PEG ratio of 6.79 and a beta of 0.68. The company has a fifty day moving average price of $74.47 and a two-hundred day moving average price of $69.70. Nutanix has a twelve month low of $43.35 and a twelve month high of $100.00.

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

Institutional Investors Weigh In On Nutanix

A number of large investors have recently bought and sold shares of the business. Swedbank AB bought a new position in Nutanix during the first quarter valued at about $1,642,000. Sheets Smith Investment Management acquired a new position in shares of Nutanix during the 1st quarter valued at about $981,000. Inspire Investing LLC raised its stake in shares of Nutanix by 43.1% in the 1st quarter. Inspire Investing LLC now owns 41,472 shares of the technology company's stock valued at $2,895,000 after acquiring an additional 12,489 shares in the last quarter. Reliant Investment Partners LLC bought a new position in shares of Nutanix in the 1st quarter valued at approximately $223,000. Finally, IFM Investors Pty Ltd lifted its holdings in Nutanix by 4.6% in the 1st quarter. IFM Investors Pty Ltd now owns 48,745 shares of the technology company's stock worth $3,403,000 after purchasing an additional 2,159 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NTNX shares. Wall Street Zen cut shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Monday. Morgan Stanley reaffirmed an "overweight" rating and issued a $90.00 target price (up previously from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. Susquehanna upped their price target on Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research report on Thursday, May 29th. Piper Sandler reissued an "overweight" rating and issued a $88.00 price objective (up from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Finally, KeyCorp began coverage on Nutanix in a research report on Thursday. They set an "overweight" rating and a $95.00 price objective for the company. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $90.71.

Nutanix Company Profile

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.