Nutanix, Inc. (NASDAQ:NTNX – Get Rating) COO David Sangster sold 24,085 shares of the business's stock in a transaction on Friday, September 16th. The shares were sold at an average price of $22.93, for a total value of $552,269.05. Following the completion of the sale, the chief operating officer now owns 199,763 shares in the company, valued at $4,580,565.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Nutanix Stock Performance
NASDAQ:NTNX opened at $23.27 on Tuesday. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of -6.38 and a beta of 1.37. The business's fifty day moving average is $18.15 and its 200 day moving average is $20.19. Nutanix, Inc. has a 52-week low of $13.44 and a 52-week high of $42.69.
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Nutanix (NASDAQ:NTNX – Get Rating) last announced its earnings results on Wednesday, August 31st. The technology company reported ($0.17) earnings per share for the quarter, topping analysts' consensus estimates of ($0.38) by $0.21. The business had revenue of $385.50 million during the quarter, compared to the consensus estimate of $356.14 million. Nutanix's revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.68) earnings per share. Equities analysts predict that Nutanix, Inc. will post -1.5 EPS for the current fiscal year.
Hedge Funds Weigh In On Nutanix
A number of institutional investors have recently added to or reduced their stakes in NTNX. IndexIQ Advisors LLC bought a new position in Nutanix in the 1st quarter worth about $33,000. Point72 Hong Kong Ltd bought a new position in Nutanix in the 1st quarter worth about $35,000. US Bancorp DE boosted its holdings 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 purchasing an additional 801 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Nutanix in the 2nd quarter worth about $51,000. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of Nutanix by 33.4% in the 2nd quarter. Loomis Sayles & Co. L P now owns 3,732 shares of the technology company's stock worth $55,000 after purchasing an additional 935 shares in the last quarter. 77.48% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on NTNX. Needham & Company LLC boosted their target price on Nutanix from $20.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, September 1st. Northland Securities boosted their target price on Nutanix to $34.00 in a research note on Tuesday, September 6th. Morgan Stanley boosted their target price on Nutanix from $18.00 to $22.00 and gave the company an "equal weight" rating in a research note on Thursday, September 1st. Bank of America lowered Nutanix from a "buy" rating to a "neutral" rating and lowered their target price for the company from $54.00 to $22.00 in a research note on Thursday, May 26th. Finally, Royal Bank of Canada boosted their target price on Nutanix from $21.00 to $24.00 and gave the company an "outperform" rating in a research note 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $26.92.
About Nutanix
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Nutanix (NTNX)
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