Nutanix Inc. (NTNX) President Sudheesh Nair Vadakkedath Sells 90,000 Shares of Stock

Nutanix Inc. (NASDAQ:NTNX) President Sudheesh Nair Vadakkedath sold 90,000 shares of the firm’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $24.48, for a total value of $2,203,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Sudheesh Nair Vadakkedath also recently made the following trade(s):

  • On Monday, October 9th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The stock was sold at an average price of $23.14, for a total value of $578,500.00.
  • On Friday, September 29th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The stock was sold at an average price of $22.41, for a total value of $560,250.00.
  • On Monday, September 25th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The stock was sold at an average price of $24.30, for a total value of $607,500.00.
  • On Friday, September 15th, Sudheesh Nair Vadakkedath sold 50,000 shares of Nutanix stock. The stock was sold at an average price of $21.39, for a total value of $1,069,500.00.
  • On Tuesday, September 12th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The stock was sold at an average price of $21.99, for a total value of $549,750.00.
  • On Monday, September 11th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The stock was sold at an average price of $21.82, for a total value of $545,500.00.
  • On Wednesday, September 13th, Sudheesh Nair Vadakkedath sold 75,000 shares of Nutanix stock. The stock was sold at an average price of $21.88, for a total value of $1,641,000.00.

Nutanix Inc. (NASDAQ NTNX) traded down 1.35% during trading on Thursday, reaching $26.30. The company’s stock had a trading volume of 1,007,008 shares. Nutanix Inc. has a 1-year low of $14.38 and a 1-year high of $35.90. The company’s market capitalization is $4.08 billion. The company’s 50-day moving average is $23.01 and its 200-day moving average is $23.01.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.05. The company had revenue of $226.10 million during the quarter, compared to analyst estimates of $216.00 million. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. Nutanix’s quarterly revenue was up 61.7% compared to the same quarter last year. Equities analysts anticipate that Nutanix Inc. will post ($0.94) EPS for the current year.

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Hedge funds have recently bought and sold shares of the company. Legal & General Group Plc grew its stake in shares of Nutanix by 3,147.6% in the second quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after buying an additional 8,530 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Nutanix in the second quarter valued at about $186,000. First American Bank acquired a new stake in shares of Nutanix in the second quarter valued at about $205,000. PNC Financial Services Group Inc. acquired a new stake in shares of Nutanix in the second quarter valued at about $208,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Nutanix in the first quarter valued at about $211,000. Institutional investors and hedge funds own 31.48% of the company’s stock.

A number of analysts have issued reports on NTNX shares. Bank of America Corporation reaffirmed a “buy” rating and issued a $27.00 target price on shares of Nutanix in a research note on Thursday, August 31st. William Blair reaffirmed a “buy” rating on shares of Nutanix in a research note on Thursday, August 31st. Jefferies Group LLC started coverage on Nutanix in a research note on Thursday, August 17th. They issued a “buy” rating and a $30.00 target price for the company. Robert W. Baird set a $28.00 target price on Nutanix and gave the stock a “buy” rating in a research note on Wednesday, June 28th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $38.00 target price on shares of Nutanix in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Nutanix presently has a consensus rating of “Buy” and an average price target of $30.28.

About Nutanix

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.

Insider Buying and Selling by Quarter for Nutanix (NASDAQ:NTNX)

Insider Buying and Selling by Quarter for Nutanix (NASDAQ:NTNX)

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