Nutanix (NASDAQ:NTNX) CFO Rukmini Sivaraman Sells 2,100 Shares

Nutanix (NASDAQ:NTNX - Get Free Report) CFO Rukmini Sivaraman sold 2,100 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $72.73, for a total transaction of $152,733.00. Following the completion of the sale, the chief financial officer now owns 209,070 shares of the company's stock, valued at $15,205,661.10. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Nutanix Trading Down 0.1%

NASDAQ NTNX traded down $0.06 on Wednesday, reaching $73.59. The company's stock had a trading volume of 2,346,769 shares, compared to its average volume of 2,543,406. The firm has a market cap of $19.73 billion, a PE ratio of -262.82, a price-to-earnings-growth ratio of 6.69 and a beta of 0.69. Nutanix has a 52 week low of $43.35 and a 52 week high of $83.36. The business has a 50-day moving average price of $72.70 and a 200 day moving average price of $69.31.

Analyst Upgrades and Downgrades

NTNX has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Wells Fargo & Company lifted their price target on shares of Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Oppenheimer boosted their price objective on shares of Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Barclays set a $94.00 target price on shares of Nutanix and gave the company an "overweight" rating in a research note on Thursday, February 27th. Finally, Wall Street Zen downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a report on Saturday. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $90.38.

Institutional Trading of Nutanix

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Nutanix by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company's stock valued at $1,568,447,000 after acquiring an additional 146,854 shares during the period. Renaissance Technologies LLC lifted its holdings in Nutanix by 6.5% during the 4th quarter. Renaissance Technologies LLC now owns 4,418,900 shares of the technology company's stock valued at $270,348,000 after purchasing an additional 268,400 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Nutanix by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 4,311,000 shares of the technology company's stock valued at $263,275,000 after purchasing an additional 163,874 shares during the last quarter. Jericho Capital Asset Management L.P. boosted its position in Nutanix by 46.8% in the first quarter. Jericho Capital Asset Management L.P. now owns 4,102,993 shares of the technology company's stock valued at $286,430,000 after buying an additional 1,308,357 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Nutanix by 65.5% during the first quarter. AQR Capital Management LLC now owns 3,604,005 shares of the technology company's stock worth $246,874,000 after buying an additional 1,426,049 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

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.