Nutanix, Inc. (NASDAQ:NTNX) CEO Sells $580,500.00 in Stock

Nutanix, Inc. (NASDAQ:NTNX) CEO Rajiv Ramaswami sold 7,740 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $75.00, for a total value of $580,500.00. Following the transaction, the chief executive officer now owns 558,366 shares in the company, valued at approximately $41,877,450. This trade represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, February 4th, Rajiv Ramaswami sold 95,852 shares of Nutanix stock. The shares were sold at an average price of $70.00, for a total transaction of $6,709,640.00.

Nutanix Price Performance

NASDAQ NTNX opened at $71.96 on Friday. The company’s 50 day simple moving average is $70.26 and its two-hundred day simple moving average is $66.26. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99. The stock has a market capitalization of $19.19 billion, a PE ratio of -205.60, a P/E/G ratio of 11.80 and a beta of 1.04.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Northland Securities raised shares of Nutanix from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $77.00 to $97.00 in a research report on Thursday, February 27th. Raymond James set a $83.00 price objective on shares of Nutanix in a report on Thursday, February 27th. UBS Group lifted their price target on shares of Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Barclays set a $94.00 price objective on Nutanix and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, Oppenheimer upped their price target on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $87.79.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Nutanix by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company’s stock worth $1,568,447,000 after buying an additional 146,854 shares in the last quarter. Bain Capital Investors LLC bought a new stake in shares of Nutanix during the 3rd quarter valued at about $998,601,000. Renaissance Technologies LLC boosted its position in shares of Nutanix by 6.5% during the 4th quarter. Renaissance Technologies LLC now owns 4,418,900 shares of the technology company’s stock valued at $270,348,000 after acquiring an additional 268,400 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Nutanix by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 4,311,000 shares of the technology company’s stock worth $263,275,000 after purchasing an additional 163,874 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Nutanix by 9.3% in the fourth quarter. First Trust Advisors LP now owns 3,498,768 shares of the technology company’s stock worth $214,055,000 after purchasing an additional 297,754 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Company Profile

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.