Rukmini Sivaraman Sells 294 Shares of Nutanix, Inc. (NASDAQ:NTNX) Stock

Nutanix, Inc. (NASDAQ:NTNX) CFO Rukmini Sivaraman sold 294 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $61.55, for a total value of $18,095.70. Following the transaction, the chief financial officer now directly owns 190,588 shares of the company’s stock, valued at $11,730,691.40. The trade was a 0.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Rukmini Sivaraman also recently made the following trade(s):

• On Tuesday, December 17th, Rukmini Sivaraman sold 11,810 shares of Nutanix stock. The shares were sold at an average price of $66.63, for a total transaction of $786,900.30.

Nutanix Stock Performance

Shares of Nutanix stock opened at $65.14 on Friday. The company’s 50 day moving average price is $66.11 and its 200-day moving average price is $60.52. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $75.80. The stock has a market capitalization of $17.45 billion, a price-to-earnings ratio of -186.11, a P/E/G ratio of 10.19 and a beta of 1.16.

Analysts Set New Price Targets

NTNX has been the topic of several research reports. UBS Group started coverage on shares of Nutanix in a research report on Thursday, December 12th. They set a “buy” rating and a $81.00 price objective on the stock. Oppenheimer assumed coverage on Nutanix in a research report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price target on the stock. Northland Securities reaffirmed a “market perform” rating and set a $77.00 price target (up previously from $74.00) on shares of Nutanix in a research note on Wednesday, November 27th. Raymond James reduced their price objective on Nutanix from $83.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company boosted their target price on Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Nutanix has a consensus rating of “Moderate Buy” and an average target price of $78.87.

Institutional Investors Weigh In On Nutanix

A number of large investors have recently added to or reduced their stakes in the company. Bain Capital Investors LLC bought a new position in shares of Nutanix during the third quarter valued at about $998,601,000. Driehaus Capital Management LLC increased its holdings in Nutanix by 123.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock valued at $81,593,000 after purchasing an additional 794,215 shares during the period. Two Sigma Advisers LP raised its position in Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after purchasing an additional 695,567 shares during the last quarter. Marshall Wace LLP lifted its holdings in Nutanix by 47.5% in the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock worth $84,308,000 after buying an additional 477,838 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Nutanix by 15.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock worth $166,886,000 after buying an additional 374,328 shares during the period. Institutional investors own 85.25% of the company’s stock.

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.