Jeffrey T. Parks Sells 30,089 Shares of Nutanix Inc. (NTNX) Stock

Nutanix Inc. (NASDAQ:NTNX) Director Jeffrey T. Parks sold 30,089 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $29.27, for a total transaction of $880,705.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Nutanix Inc. (NTNX) opened at $29.11 on Thursday. Nutanix Inc. has a 1 year low of $14.38 and a 1 year high of $34.96.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.05. The business 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 company’s revenue for the quarter was up 61.7% compared to the same quarter last year. sell-side analysts predict that Nutanix Inc. will post -2.19 earnings per share for the current year.

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A number of analysts have weighed in on the stock. Wells Fargo & Company initiated coverage on shares of Nutanix in a report on Tuesday. They issued an “outperform” rating and a $40.00 price target for the company. ValuEngine downgraded shares of Nutanix from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of Nutanix from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Raymond James Financial, Inc. raised shares of Nutanix from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a report on Monday, November 6th. Finally, Vetr raised shares of Nutanix from a “buy” rating to a “strong-buy” rating and set a $32.53 price objective for the company in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. Nutanix presently has an average rating of “Buy” and an average target price of $30.68.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brown Advisory Inc. increased its position in Nutanix by 4.4% in the 3rd quarter. Brown Advisory Inc. now owns 76,570 shares of the technology company’s stock valued at $1,714,000 after acquiring an additional 3,254 shares in the last quarter. Thompson Davis & CO. Inc. increased its position in Nutanix by 320.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock valued at $118,000 after acquiring an additional 4,000 shares in the last quarter. Legal & General Group Plc increased its position in Nutanix by 54.7% in the 3rd quarter. Legal & General Group Plc now owns 13,615 shares of the technology company’s stock valued at $305,000 after acquiring an additional 4,814 shares in the last quarter. New York State Common Retirement Fund increased its position in Nutanix by 0.9% in the 3rd quarter. New York State Common Retirement Fund now owns 532,700 shares of the technology company’s stock valued at $11,927,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Jasper Ridge Partners L.P. increased its position in Nutanix by 9.2% in the 3rd quarter. Jasper Ridge Partners L.P. now owns 68,339 shares of the technology company’s stock valued at $1,530,000 after acquiring an additional 5,734 shares in the last quarter. Hedge funds and other institutional investors own 31.53% of the company’s stock.

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.

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

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