Insider Selling: Nutanix, Inc. (NASDAQ:NTNX) Director Sells $533,120.00 in Stock

Nutanix, Inc. (NASDAQ:NTNX) Director Steven J. Gomo sold 7,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the completion of the sale, the director now owns 3,050 shares of the company’s stock, valued at approximately $232,288. The trade was a 69.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nutanix Stock Performance

Shares of NTNX opened at $77.10 on Thursday. The stock has a market capitalization of $20.66 billion, a price-to-earnings ratio of -220.29, a price-to-earnings-growth ratio of 11.80 and a beta of 1.17. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99. The stock’s 50-day simple moving average is $67.74 and its 200 day simple moving average is $64.82.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NTNX. StockNews.com lowered Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. Northland Securities raised Nutanix from a “market perform” rating to an “outperform” rating and raised their target price for the company from $77.00 to $97.00 in a research report on Thursday, February 27th. Wells Fargo & Company boosted their price target on shares of Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. UBS Group increased their price target on shares of Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Raymond James set a $83.00 price objective on shares of Nutanix in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $87.79.

Hedge Funds Weigh In On Nutanix

Large investors have recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock worth $40,000 after acquiring an additional 146 shares during the period. True Wealth Design LLC grew its position in shares of Nutanix by 13.2% during the 4th quarter. True Wealth Design LLC now owns 1,249 shares of the technology company’s stock valued at $76,000 after purchasing an additional 146 shares in the last quarter. Freedom Investment Management Inc. increased its holdings in shares of Nutanix by 4.0% in the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock worth $230,000 after purchasing an additional 151 shares during the period. Azzad Asset Management Inc. ADV increased its holdings in shares of Nutanix by 0.5% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 34,887 shares of the technology company’s stock worth $2,134,000 after purchasing an additional 159 shares during the period. Finally, Avantax Advisory Services Inc. raised its position in shares of Nutanix by 3.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company’s stock worth $349,000 after buying an additional 188 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

About Nutanix

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.