Nutanix, Inc. (NASDAQ:NTNX) Director Sells $392,263.80 in Stock

Nutanix, Inc. (NASDAQ:NTNX) Director Virginia Gambale sold 6,060 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total transaction of $392,263.80. Following the transaction, the director now owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. This represents a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Nutanix Stock Performance

Shares of NASDAQ:NTNX opened at $64.45 on Thursday. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $75.80. The business’s 50 day simple moving average is $66.45 and its two-hundred day simple moving average is $59.50. The firm has a market cap of $17.27 billion, a P/E ratio of -184.14, a PEG ratio of 10.34 and a beta of 1.13.

Analyst Upgrades and Downgrades

NTNX has been the subject of a number of recent research reports. Morgan Stanley upped their target price on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Northland Securities reissued a “market perform” rating and set a $77.00 target price (up from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. UBS Group initiated coverage on shares of Nutanix in a report on Thursday, December 12th. They set a “buy” rating and a $81.00 price target on the stock. Oppenheimer started coverage on Nutanix in a report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 target price on the stock. Finally, Barclays upped their price target on Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Nutanix has a consensus rating of “Moderate Buy” and an average target price of $79.47.

Hedge Funds Weigh In On Nutanix

Large investors have recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in Nutanix during the third quarter worth $27,000. Larson Financial Group LLC increased 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 worth $30,000 after acquiring an additional 281 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Nutanix by 150.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after acquiring an additional 321 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in Nutanix in the 2nd quarter valued at about $32,000. Finally, Signaturefd LLC boosted its stake in Nutanix by 57.8% during the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock valued at $57,000 after purchasing an additional 350 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Nutanix Company Profile

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.