Nutanix (NASDAQ:NTNX) Stock: Insider Rukmini Sivaraman Sells 232,712 Shares

Nutanix (NASDAQ:NTNX) CFO Rukmini Sivaraman sold 232,712 shares of the business’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $74.55, for a total value of $17,348,679.60. Following the sale, the chief financial officer directly owned 92,775 shares of the company’s stock, valued at approximately $6,916,376.25. This trade represents a 71.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Thursday, September 17th, Rukmini Sivaraman sold 38,139 shares of Nutanix stock. The stock was sold at an average price of $70.00, for a total value of $2,669,730.00.

Nutanix Stock Performance

Nutanix stock opened at $69.85 on Thursday. The company has a market cap of $18.90 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 3.61 and a beta of 0.64. Nutanix has a 12 month low of $34.01 and a 12 month high of $75.98. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.80 and a quick ratio of 1.80. The stock’s 50-day moving average is $68.38 and its 200-day moving average is $55.15.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. The business had revenue of $757.08 million during the quarter, compared to analysts’ expectations of $738.27 million. Nutanix had a negative return on equity of 90.13% and a net margin of 52.81%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. Equities analysts anticipate that Nutanix will post 1.17 earnings per share for the current year.

Institutional Investors Weigh In On Nutanix

A number of large investors have recently modified their holdings of NTNX. Assenagon Asset Management S.A. increased its position in shares of Nutanix by 1,535.2% during the second quarter. Assenagon Asset Management S.A. now owns 3,262,231 shares of the technology company’s stock worth $166,243,000 after acquiring an additional 3,062,730 shares during the last quarter. Jericho Capital Asset Management L.P. boosted its holdings in Nutanix by 27.3% in the fourth quarter. Jericho Capital Asset Management L.P. now owns 3,107,481 shares of the technology company’s stock valued at $160,626,000 after purchasing an additional 666,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Nutanix by 26.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,589,508 shares of the technology company’s stock valued at $60,416,000 after purchasing an additional 331,700 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Nutanix by 628.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,185,120 shares of the technology company’s stock valued at $45,046,000 after purchasing an additional 1,022,516 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in Nutanix by 308.1% during the 1st quarter. Pacer Advisors Inc. now owns 1,135,857 shares of the technology company’s stock valued at $43,174,000 after purchasing an additional 857,559 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NTNX. Rosenblatt Securities increased their price objective on shares of Nutanix from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Royal Bank Of Canada raised their target price on shares of Nutanix from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. KeyCorp raised their target price on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, August 24th. Wells Fargo & Company lifted their target price on shares of Nutanix from $55.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, August 27th. Finally, Zacks Research cut shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $73.07.

About Nutanix

Nutanix, Inc develops enterprise cloud software that helps organizations manage applications and data across on-premises infrastructure, public clouds and hybrid multicloud environments. Its platform is designed to simplify the operation of data centers and cloud resources through a unified software experience.

The company’s offerings include hyperconverged infrastructure software, the Nutanix Cloud Infrastructure platform and AHV virtualization. Nutanix also provides services for file and object storage, databases, disaster recovery, Kubernetes and application management, as well as tools that help customers monitor, secure and govern their hybrid and multicloud environments.

Founded in 2009 and headquartered in San Jose, California, Nutanix serves businesses, government organizations and other institutions globally through direct sales and channel partners.