Nutanix, Inc. (NASDAQ:NTNX) Insider Sells $933,750.00 in Stock

Nutanix, Inc. (NASDAQ:NTNX) insider Tyler Wall sold 15,000 shares of Nutanix stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $62.25, for a total value of $933,750.00. Following the sale, the insider now owns 13,168 shares in the company, valued at approximately $819,708. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Nutanix Trading Down 2.8 %

Shares of NTNX opened at $61.93 on Thursday. Nutanix, Inc. has a twelve month low of $23.34 and a twelve month high of $66.99. The stock’s 50 day moving average is $59.73 and its two-hundred day moving average is $47.38. The firm has a market capitalization of $15.13 billion, a PE ratio of -172.03 and a beta of 1.29.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The business had revenue of $565.23 million during the quarter, compared to analysts’ expectations of $551.82 million. On average, sell-side analysts predict that Nutanix, Inc. will post -0.07 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. KeyCorp lifted their target price on Nutanix from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Royal Bank of Canada lifted their target price on Nutanix from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Susquehanna lifted their target price on Nutanix from $48.00 to $60.00 and gave the stock a “positive” rating in a research report on Friday, December 1st. JPMorgan Chase & Co. lifted their target price on Nutanix from $54.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Finally, Needham & Company LLC raised their price target on Nutanix from $62.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Nutanix presently has a consensus rating of “Moderate Buy” and an average target price of $63.92.

Institutional Investors Weigh In On Nutanix

Institutional investors have recently added to or reduced their stakes in the business. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Nutanix during the 4th quarter worth approximately $29,000. GAMMA Investing LLC purchased a new stake in shares of Nutanix during the 4th quarter worth approximately $30,000. BluePath Capital Management LLC purchased a new stake in shares of Nutanix during the 3rd quarter worth approximately $31,000. Point72 Hong Kong Ltd purchased a new stake in shares of Nutanix during the 1st quarter worth approximately $35,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Nutanix during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

About Nutanix

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.