Nutanix, Inc. (NASDAQ:NTNX) Director Virginia Gambale Sells 6,060 Shares

Nutanix, Inc. (NASDAQ:NTNX) Director Virginia Gambale sold 6,060 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the sale, the director now directly owns 45,330 shares of the company’s stock, valued at $2,934,210.90. This represents a 11.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Nutanix Trading Down 0.2 %

NASDAQ:NTNX opened at $64.45 on Wednesday. The stock has a market capitalization of $17.27 billion, a P/E ratio of -184.14, a price-to-earnings-growth 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. The firm has a 50 day moving average of $66.44 and a 200-day moving average of $59.41.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Royal Bank of Canada raised their price target on shares of Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Morgan Stanley lifted their target price on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Raymond James upped their price target on Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. StockNews.com raised Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 28th. Finally, Barclays upped their target price on Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.47.

Hedge Funds Weigh In On Nutanix

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Tidal Investments LLC raised its holdings in shares of Nutanix by 4.0% in the third quarter. Tidal Investments LLC now owns 22,297 shares of the technology company’s stock valued at $1,321,000 after buying an additional 862 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Nutanix in the third quarter worth about $111,000. Sanctuary Advisors LLC bought a new position in shares of Nutanix in the third quarter worth about $555,000. Geode Capital Management LLC lifted its position in shares of Nutanix by 0.5% during the third quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock worth $245,968,000 after purchasing an additional 22,091 shares in the last quarter. Finally, Groupama Asset Managment grew its stake in shares of Nutanix by 1.0% during the third quarter. Groupama Asset Managment now owns 707,000 shares of the technology company’s stock valued at $41,890,000 after purchasing an additional 7,000 shares during the last quarter. Institutional investors and hedge funds 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.