Nutanix (NASDAQ:NTNX) CFO Rukmini Sivaraman Sells 38,139 Shares

Nutanix (NASDAQ:NTNX) CFO Rukmini Sivaraman sold 38,139 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $70.00, for a total value of $2,669,730.00. Following the completion of the sale, the chief financial officer owned 325,487 shares of the company’s stock, valued at $22,784,090. This trade represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nutanix Price Performance

Shares of NTNX stock traded up $1.27 during trading hours on Thursday, hitting $69.97. 2,532,321 shares of the company’s stock were exchanged, compared to its average volume of 2,663,082. Nutanix has a fifty-two week low of $34.01 and a fifty-two week high of $79.76. The firm has a market cap of $18.91 billion, a P/E ratio of 13.56, a P/E/G ratio of 3.90 and a beta of 0.62. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.92. The firm has a 50 day moving average of $62.88 and a two-hundred day moving average of $50.96.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. The firm had revenue of $757.08 million for the quarter, compared to analysts’ expectations of $738.27 million. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 EPS. Sell-side analysts forecast that Nutanix will post 1.02 EPS for the current year.

Institutional Investors Weigh In On Nutanix

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Nutanix in the fourth quarter worth about $187,169,000. Assenagon Asset Management S.A. grew its stake in Nutanix by 1,535.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,262,231 shares of the technology company’s stock valued at $166,243,000 after acquiring an additional 3,062,730 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Nutanix by 628.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,185,120 shares of the technology company’s stock valued at $45,046,000 after acquiring an additional 1,022,516 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Nutanix by 308.1% in the 1st quarter. Pacer Advisors Inc. now owns 1,135,857 shares of the technology company’s stock valued at $43,174,000 after acquiring an additional 857,559 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. raised its holdings in Nutanix by 27.3% in the 4th quarter. Jericho Capital Asset Management L.P. now owns 3,107,481 shares of the technology company’s stock valued at $160,626,000 after acquiring an additional 666,000 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

NTNX has been the topic of several research analyst reports. KeyCorp lifted their target price on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, August 24th. Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a research report on Wednesday, June 24th. Wells Fargo & Company raised their price target on shares of Nutanix from $55.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, August 27th. Needham & Company LLC lifted their price objective on Nutanix from $60.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Finally, Wall Street Zen upgraded Nutanix from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Nutanix has a consensus rating of “Moderate Buy” and a consensus price target of $72.71.

About Nutanix

Nutanix, Inc is a cloud computing software company that provides infrastructure and management solutions for enterprise data centers, private clouds, public clouds and hybrid multicloud environments. Its platform is designed to simplify the deployment, operation and management of applications and workloads across on-premises infrastructure and multiple cloud providers.

The company’s offerings include the Nutanix Cloud Infrastructure platform, which combines compute, storage and virtualization capabilities; the Nutanix Cloud Manager suite for monitoring, automation, governance and cost management; and Nutanix Unified Storage.