Rajiv Ramaswami Sells 63,901 Shares of Nutanix, Inc. (NASDAQ:NTNX) Stock

Nutanix, Inc. (NASDAQ:NTNX) CEO Rajiv Ramaswami sold 63,901 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the completion of the transaction, the chief executive officer now directly owns 649,034 shares of the company’s stock, valued at $42,738,888.90. This represents a 8.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Nutanix Stock Performance

NASDAQ NTNX opened at $66.14 on Wednesday. The business’s 50 day moving average price is $66.44 and its 200-day moving average price is $59.10. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80. The company has a market cap of $17.72 billion, a P/E ratio of -188.97, a P/E/G ratio of 10.34 and a beta of 1.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NTNX. Freedom Investment Management Inc. lifted its holdings in shares of Nutanix by 4.0% in the 3rd quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock worth $230,000 after acquiring an additional 151 shares during the last quarter. CIBC Asset Management Inc raised its position in Nutanix by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock worth $417,000 after purchasing an additional 233 shares during the period. Paragon Capital Management Inc. lifted its stake in Nutanix by 1.0% in the third quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company’s stock worth $1,545,000 after purchasing an additional 258 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after buying an additional 281 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after buying an additional 321 shares during the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NTNX has been the topic of several research analyst reports. Piper Sandler boosted their price objective on Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com raised Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 28th. Oppenheimer assumed coverage on shares of Nutanix in a report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price objective for the company. Wells Fargo & Company lifted their price objective on shares of Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Barclays lifted their target price on Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.47.

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.