Nutanix Inc. (NASDAQ:NTNX) Director Jeffrey T. Parks sold 1,234,822 shares of the stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $21.97, for a total transaction of $27,129,039.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Nutanix Inc. (NTNX) traded down 1.35% during mid-day trading on Thursday, hitting $24.08. 3,376,177 shares of the stock traded hands. The company has a 50 day moving average price of $19.25 and a 200-day moving average price of $21.98. Nutanix Inc. has a one year low of $14.38 and a one year high of $46.78. The stock’s market capitalization is $3.65 billion.
Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, May 25th. The technology company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.45) by $0.32. The firm had revenue of $191.76 million during the quarter, compared to analyst estimates of $186.56 million. Nutanix had a negative net margin of 61.32% and a negative return on equity of 5,196.17%. The business’s revenue was up 67.2% on a year-over-year basis. Equities analysts anticipate that Nutanix Inc. will post ($1.45) earnings per share for the current fiscal year.
Several research firms recently issued reports on NTNX. Goldman Sachs Group, Inc. (The) raised shares of Nutanix from a “buy” rating to a “conviction-buy” rating and set a $31.00 price target for the company in a research report on Friday, July 14th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $34.00 price target on shares of Nutanix in a research report on Wednesday, July 5th. Pacific Crest reissued an “overweight” rating and issued a $30.00 price target on shares of Nutanix in a research report on Monday, July 3rd. BTIG Research reissued a “neutral” rating on shares of Nutanix in a research report on Monday, July 3rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $34.00 price target on shares of Nutanix in a research report on Friday, June 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $32.01.
A number of institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. boosted its position in Nutanix by 418.5% in the fourth quarter. Macquarie Group Ltd. now owns 1,366,367 shares of the technology company’s stock worth $36,291,000 after buying an additional 1,102,841 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Nutanix during the fourth quarter worth about $566,000. New Jersey Better Educational Savings Trust bought a new position in Nutanix during the first quarter worth about $394,000. Blair William & Co. IL bought a new position in Nutanix during the first quarter worth about $342,000. Finally, Stifel Financial Corp bought a new position in Nutanix during the first quarter worth about $546,000. Institutional investors and hedge funds own 18.42% of the company’s stock.
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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