Rukmini Sivaraman Sells 11,391 Shares of Nutanix (NASDAQ:NTNX) Stock

Key Points

• Rukmini Sivaraman, CFO of Nutanix, sold 11,391 shares of the company's stock at an average price of $78.34, totaling approximately $892,371.
• The sale represented a 4.28% decrease in Sivaraman's ownership, leaving her with 254,637 shares valued at about $19.95 million.
• Nutanix's stock is currently trading at $77.66, with a market capitalization of $20.82 billion and a P/E ratio of 112.61.

Nutanix (NASDAQ:NTNX - Get Free Report) CFO Rukmini Sivaraman sold 11,391 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $78.34, for a total value of $892,370.94. Following the completion of the sale, the chief financial officer directly owned 254,637 shares of the company's stock, valued at $19,948,262.58. The trade was a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Nutanix Trading Down 0.1%

Shares of NASDAQ NTNX traded down $0.04 during trading hours on Wednesday, hitting $77.66. 3,380,614 shares of the company traded hands, compared to its average volume of 4,440,131. The stock has a market capitalization of $20.82 billion, a price-to-earnings ratio of 112.61, a price-to-earnings-growth ratio of 7.47 and a beta of 0.59. The company's 50 day moving average price is $72.42 and its 200 day moving average price is $72.13. Nutanix has a 12 month low of $54.66 and a 12 month high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its earnings results on Wednesday, August 27th. The technology company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. Nutanix had a negative return on equity of 27.63% and a net margin of 7.42%.The firm had revenue of $653.27 million for the quarter, compared to the consensus estimate of $642.48 million. During the same quarter in the previous year, the company posted $0.27 EPS. The company's revenue for the quarter was up 19.2% compared to the same quarter last year. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Equities analysts anticipate that Nutanix will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley reissued an "overweight" rating and issued a $90.00 price objective (up from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. Wells Fargo & Company reduced their price target on Nutanix from $85.00 to $71.00 and set an "equal weight" rating on the stock in a report on Thursday, August 28th. Piper Sandler restated an "overweight" rating and set a $88.00 price objective (up previously from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Citigroup upgraded Nutanix to a "positive" rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group began coverage on Nutanix in a research report on Tuesday, July 15th. They set a "buy" rating and a $95.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $89.07.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Twin Tree Management LP purchased a new stake in shares of Nutanix in the 1st quarter worth approximately $29,000. MassMutual Private Wealth & Trust FSB raised its stake in Nutanix by 78.0% in 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 in the last quarter. GW&K Investment Management LLC purchased a new stake in Nutanix during the first quarter worth $30,000. SouthState Corp bought a new stake in Nutanix during the 1st quarter valued at $32,000. Finally, Fifth Third Bancorp increased its holdings in shares of Nutanix by 98.4% in the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock valued at $35,000 after acquiring an additional 250 shares during the period. Hedge funds and other institutional investors own 85.25% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.