Nutanix Inc. (NASDAQ:NTNX) VP Kenneth W. Long III sold 30,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $29.11, for a total value of $873,300.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Nutanix Inc. (NTNX) remained flat at $$28.87 during mid-day trading on Tuesday. The stock had a trading volume of 1,174,100 shares, compared to its average volume of 3,017,806. Nutanix Inc. has a twelve month low of $14.38 and a twelve month high of $34.96.
Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.05. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. The firm had revenue of $226.10 million during the quarter, compared to analyst estimates of $216.00 million. The firm’s revenue for the quarter was up 61.7% on a year-over-year basis. equities analysts anticipate that Nutanix Inc. will post -2.19 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Thompson Davis & CO. Inc. raised its position 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 acquiring an additional 4,000 shares in the last quarter. Legal & General Group Plc raised its position 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 acquiring an additional 8,530 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Nutanix in the 2nd quarter worth about $186,000. Stifel Financial Corp bought a new position in shares of Nutanix in the 3rd quarter worth about $215,000. Finally, First Allied Advisory Services Inc. bought a new position in shares of Nutanix in the 3rd quarter worth about $215,000. 31.53% of the stock is owned by hedge funds and other institutional investors.
NTNX has been the topic of several recent research reports. Credit Suisse Group AG reissued a “buy” rating and set a $38.00 price objective on shares of Nutanix in a report on Friday, July 28th. Piper Jaffray Companies reissued a “buy” rating and set a $28.00 price objective (up previously from $27.00) on shares of Nutanix in a report on Thursday, August 31st. Robert W. Baird reissued a “buy” rating and set a $28.00 price objective on shares of Nutanix in a report on Friday, September 1st. Maxim Group reissued a “buy” rating and set a $41.00 price objective on shares of Nutanix in a report on Friday, September 1st. Finally, KeyCorp reissued a “buy” rating and set a $32.00 price objective on shares of Nutanix in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Nutanix currently has an average rating of “Buy” and a consensus target price of $30.25.
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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