Nutanix Inc. (NASDAQ:NTNX) insider Sunil Potti sold 15,000 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $35.70, for a total transaction of $535,500.00. Following the sale, the insider now owns 52,805 shares in the company, valued at $1,885,138.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Sunil Potti also recently made the following trade(s):
- On Tuesday, November 21st, Sunil Potti sold 55,000 shares of Nutanix stock. The stock was sold at an average price of $30.00, for a total transaction of $1,650,000.00.
- On Monday, October 16th, Sunil Potti sold 10,000 shares of Nutanix stock. The shares were sold at an average price of $26.87, for a total transaction of $268,700.00.
Nutanix Inc. (NASDAQ:NTNX) traded up $0.67 during mid-day trading on Wednesday, hitting $35.95. The stock had a trading volume of 1,920,300 shares, compared to its average volume of 1,833,000. Nutanix Inc. has a 12-month low of $14.38 and a 12-month high of $38.28. The stock has a market cap of $5,770.00 and a PE ratio of -14.86.
Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.10. The company had revenue of $275.60 million for the quarter, compared to the consensus estimate of $267.02 million. Nutanix had a negative return on equity of 271.31% and a negative net margin of 40.81%. The firm’s quarterly revenue was up 46.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.37) EPS. equities analysts predict that Nutanix Inc. will post -1.72 earnings per share for the current year.
A number of equities analysts have issued reports on NTNX shares. Vetr raised shares of Nutanix from a “hold” rating to a “strong-buy” rating and set a $30.51 price objective on the stock in a report on Monday, October 16th. Zacks Investment Research raised shares of Nutanix from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Friday, September 8th. Morgan Stanley reissued an “equal weight” rating and issued a $22.00 price target on shares of Nutanix in a report on Sunday, October 1st. ValuEngine cut Nutanix from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Finally, Bank of America boosted their price objective on Nutanix from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $34.74.
Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Nutanix by 12.2% during the 1st quarter. Geode Capital Management LLC now owns 129,489 shares of the technology company’s stock valued at $2,430,000 after acquiring an additional 14,097 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Nutanix by 54.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 40,683 shares of the technology company’s stock worth $764,000 after buying an additional 14,371 shares during the period. Credit Suisse AG purchased a new stake in shares of Nutanix in the 1st quarter worth $418,000. Russell Investments Group Ltd. purchased a new stake in shares of Nutanix in the 2nd quarter worth $5,986,000. Finally, Rhumbline Advisers lifted its holdings in shares of Nutanix by 209.2% in the 2nd quarter. Rhumbline Advisers now owns 38,547 shares of the technology company’s stock worth $777,000 after buying an additional 26,080 shares during the period. Hedge funds and other institutional investors own 34.13% of the company’s stock.
Nutanix Company Profile
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.