Rukmini Sivaraman Sells 11,810 Shares of Nutanix, Inc. (NASDAQ:NTNX) Stock

Nutanix, Inc. (NASDAQ:NTNX) CFO Rukmini Sivaraman sold 11,810 shares of Nutanix stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total value of $786,900.30. Following the completion of the transaction, the chief financial officer now owns 190,882 shares in the company, valued at $12,718,467.66. The trade was a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Nutanix Price Performance

Shares of Nutanix stock traded down $0.15 during midday trading on Tuesday, hitting $66.14. The company had a trading volume of 3,215,989 shares, compared to its average volume of 2,619,872. The business’s 50 day simple moving average is $66.35 and its two-hundred day simple moving average is $59.02. The stock has a market cap of $17.72 billion, a PE ratio of -189.40, a P/E/G ratio of 10.34 and a beta of 1.13. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $75.80.

Analyst Upgrades and Downgrades

NTNX has been the subject of several recent analyst reports. Morgan Stanley raised their target price on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday. StockNews.com upgraded shares of Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 28th. Raymond James boosted their target price on Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Wells Fargo & Company lifted their price target on Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Finally, Barclays raised their price objective on shares of Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $79.47.

Hedge Funds Weigh In On Nutanix

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Nutanix in the second quarter valued at $290,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Nutanix during the second quarter worth $279,000. Pallas Capital Advisors LLC lifted its holdings in shares of Nutanix by 121.0% during the second quarter. Pallas Capital Advisors LLC now owns 7,624 shares of the technology company’s stock valued at $433,000 after acquiring an additional 4,175 shares during the period. &PARTNERS acquired a new stake in shares of Nutanix in the 2nd quarter valued at $545,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Nutanix by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 873,685 shares of the technology company’s stock worth $49,669,000 after purchasing an additional 31,302 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.