Nutanix, Inc. (NASDAQ:NTNX – Get Rating) CEO Rajiv Ramaswami sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $22.90, for a total value of $114,500.00. Following the transaction, the chief executive officer now owns 267,576 shares of the company's stock, valued at approximately $6,127,490.40. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, September 16th, Rajiv Ramaswami sold 65,376 shares of Nutanix stock. The stock was sold at an average price of $22.93, for a total value of $1,499,071.68.

Nutanix Stock Down 5.1 %

Shares of NASDAQ NTNX opened at $20.56 on Friday. The business has a fifty day simple moving average of $18.72 and a two-hundred day simple moving average of $20.19. The firm has a market cap of $4.61 billion, a PE ratio of -5.63 and a beta of 1.37. Nutanix, Inc. has a twelve month low of $13.44 and a twelve month high of $42.35.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Northland Securities lifted their target price on Nutanix to $34.00 in a report on Tuesday, September 6th. Barclays lifted their target price on Nutanix from $19.00 to $22.00 and gave the stock an "overweight" rating in a report on Monday, August 29th. Royal Bank of Canada lifted their target price on Nutanix from $21.00 to $24.00 and gave the stock an "outperform" rating in a report on Thursday, September 1st. Susquehanna Bancshares boosted their price objective on Nutanix to $30.00 in a report on Tuesday, September 6th. Finally, Morgan Stanley boosted their price objective on Nutanix from $18.00 to $22.00 and gave the company an "equal weight" rating in a report on Thursday, September 1st. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Nutanix presently has a consensus rating of "Moderate Buy" and an average price target of $26.92.

Institutional Investors Weigh In On Nutanix

A number of institutional investors and hedge funds have recently bought and sold shares of the company. ARK Investment Management LLC raised its position in shares of Nutanix by 8.6% in the 1st quarter. ARK Investment Management LLC now owns 6,666 shares of the technology company's stock worth $179,000 after acquiring an additional 530 shares in the last quarter. Vident Investment Advisory LLC raised its position in shares of Nutanix by 5.7% in the 1st quarter. Vident Investment Advisory LLC now owns 11,627 shares of the technology company's stock worth $312,000 after acquiring an additional 630 shares in the last quarter. US Bancorp DE raised its position in shares of Nutanix by 41.8% in the 2nd quarter. US Bancorp DE now owns 2,716 shares of the technology company's stock worth $40,000 after acquiring an additional 801 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Nutanix by 38.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,359 shares of the technology company's stock worth $107,000 after acquiring an additional 929 shares in the last quarter. Finally, Acorn Financial Advisory Services Inc. ADV raised its position in shares of Nutanix by 2.2% in the 1st quarter. Acorn Financial Advisory Services Inc. ADV now owns 42,822 shares of the technology company's stock worth $1,148,000 after acquiring an additional 935 shares in the last quarter. 77.48% of the stock is owned by institutional investors.

About Nutanix

(Get Rating)

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis converges virtualization, enterprise storage services, and networking visualization and security services; Acropolis Hypervisor, an enterprise-grade virtualization solution; Nutanix Karbon for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments; and Nutanix Clusters solution.

Featured Articles

• Get a free copy of the StockNews.com research report on Nutanix (NTNX)
• MarketBeat: Week in Review 9/19 – 9/23
• Why Does Tesla Stock Remain Resilient?
• Are Layoffs At A Small-Cap Tech A Bellwether For Housing Stocks?
• 2 Semiconductor Stocks To Watch For Reversals
• Is Costco's Post-Earnings Price Weakness A Good Time To Buy?

Receive News & Ratings for Nutanix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix and related companies with MarketBeat.com's FREE daily email newsletter.