Insider Selling: Nutanix, Inc. (NASDAQ:NTNX) CFO Sells $786,900.30 in Stock

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

Nutanix Stock Performance

NASDAQ NTNX opened at $63.90 on Friday. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $75.80. The business’s fifty day moving average is $66.43 and its two-hundred day moving average is $59.16. The stock has a market capitalization of $17.12 billion, a P/E ratio of -182.57, a P/E/G ratio of 10.34 and a beta of 1.13.

Institutional Investors Weigh In On Nutanix

Institutional investors and hedge funds have recently modified their holdings of the stock. Versor Investments LP increased its stake in Nutanix by 211.7% in the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company’s stock worth $1,976,000 after purchasing an additional 22,652 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Nutanix by 47.5% in the second 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. Atreides Management LP purchased a new position in shares of Nutanix in the third quarter worth approximately $8,290,000. Resolute Capital Asset Partners LLC acquired a new stake in shares of Nutanix during the second quarter valued at approximately $2,274,000. Finally, Two Sigma Advisers LP lifted its position in shares of Nutanix by 32.8% in 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 acquiring an additional 695,567 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NTNX. Wells Fargo & Company raised their price target on Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. UBS Group assumed coverage on Nutanix in a research report on Thursday, December 12th. They set a “buy” rating and a $81.00 price target for the company. Oppenheimer began coverage on Nutanix in a report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price target on the stock. StockNews.com upgraded shares of Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 28th. Finally, Piper Sandler increased their target price on shares of Nutanix from $77.00 to $83.00 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 assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $79.47.

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.