Nutanix, Inc. (NASDAQ:NTNX) CEO Rajiv Ramaswami Sells 7,740 Shares

Nutanix, Inc. (NASDAQ:NTNX) CEO Rajiv Ramaswami sold 7,740 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $75.00, for a total transaction of $580,500.00. Following the completion of the sale, the chief executive officer now directly owns 558,366 shares in the company, valued at $41,877,450. This represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Rajiv Ramaswami also recently made the following trade(s):

• On Tuesday, February 4th, Rajiv Ramaswami sold 95,852 shares of Nutanix stock. The shares were sold at an average price of $70.00, for a total transaction of $6,709,640.00.

Nutanix Stock Down 0.1 %

NTNX stock opened at $74.92 on Wednesday. The business has a 50 day moving average of $70.01 and a 200 day moving average of $66.17. The firm has a market cap of $19.98 billion, a PE ratio of -214.06, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99.

Institutional Investors Weigh In On Nutanix

A number of institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its stake in 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 purchasing an additional 321 shares in the last quarter. Citigroup Inc. raised its holdings in Nutanix by 22.8% in the third quarter. Citigroup Inc. now owns 155,129 shares of the technology company’s stock worth $9,191,000 after buying an additional 28,853 shares during the last quarter. Great Valley Advisor Group Inc. bought a new position in shares of Nutanix in the third quarter worth approximately $226,000. Cerity Partners LLC grew its holdings in shares of Nutanix by 159.9% during the third quarter. Cerity Partners LLC now owns 43,972 shares of the technology company’s stock valued at $2,605,000 after buying an additional 27,053 shares during the last quarter. Finally, 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 valued at $30,000 after acquiring an additional 281 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NTNX shares. JPMorgan Chase & Co. raised their price target on Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Northland Capmk raised Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Northland Securities raised Nutanix from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. Barclays set a $94.00 price target on shares of Nutanix and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC boosted their price objective on shares of Nutanix from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Nutanix currently has an average rating of “Buy” and an average price target of $87.79.

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.