Nutanix Inc. (NTNX) Director Sells $3,036,070.00 in Stock
Nutanix Inc. (NASDAQ:NTNX) Director Jeffrey T. Parks sold 103,975 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $29.20, for a total transaction of $3,036,070.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Nutanix Inc. (NTNX) traded up $0.14 on Friday, reaching $29.30. 2,495,721 shares of the company traded hands, compared to its average volume of 3,004,620. Nutanix Inc. has a 52 week low of $14.38 and a 52 week high of $34.96.
Nutanix (NASDAQ:NTNX) last posted its earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.38) by $0.05. The company had revenue of $226.10 million during the quarter, compared to analysts’ expectations of $216.00 million. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The firm’s revenue was up 61.7% compared to the same quarter last year. equities analysts predict that Nutanix Inc. will post -2.19 EPS for the current fiscal year.
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Large investors have recently modified their holdings of the business. Thompson Davis & CO. Inc. grew its stake in shares of Nutanix by 320.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock worth $118,000 after buying an additional 4,000 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Nutanix by 3,147.6% in the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after buying an additional 8,530 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Nutanix in the 2nd quarter worth $186,000. Stifel Financial Corp purchased a new position in shares of Nutanix in the 3rd quarter worth $215,000. Finally, First Allied Advisory Services Inc. purchased a new position in shares of Nutanix in the 3rd quarter worth $215,000. 31.53% of the stock is owned by institutional investors and hedge funds.
Several research analysts have weighed in on NTNX shares. Credit Suisse Group reiterated a “buy” rating and issued a $38.00 price target on shares of Nutanix in a research report on Friday, July 28th. Piper Jaffray Companies restated a “buy” rating and set a $28.00 price objective (up from $27.00) on shares of Nutanix in a research report on Thursday, August 31st. Robert W. Baird restated a “buy” rating and set a $28.00 price objective on shares of Nutanix in a research report on Friday, September 1st. Maxim Group restated a “buy” rating and set a $41.00 price objective on shares of Nutanix in a research report on Friday, September 1st. Finally, KeyCorp restated a “buy” rating and set a $32.00 price objective on shares of Nutanix in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $30.68.
Nutanix Company Profile
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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