Nutanix Inc. (NASDAQ:NTNX) Director Jeffrey T. Parks sold 103,975 shares of Nutanix stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $29.20, for a total value of $3,036,070.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Nutanix Inc. (NASDAQ:NTNX) opened at $29.30 on Friday. Nutanix Inc. has a 52-week low of $14.38 and a 52-week high of $34.96.
Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.38) by $0.05. The business had revenue of $226.10 million for 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%. The firm’s quarterly revenue was up 61.7% on a year-over-year basis. sell-side analysts forecast that Nutanix Inc. will post -2.19 EPS for the current year.
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A number of analysts recently commented on NTNX shares. Robert W. Baird reiterated a “buy” rating and set a $28.00 price objective on shares of Nutanix in a research report on Friday, September 1st. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $21.00 price objective (up previously from $19.00) on shares of Nutanix in a research report on Sunday, September 3rd. JMP Securities reiterated an “outperform” rating and set a $35.00 price objective on shares of Nutanix in a research report on Sunday, September 3rd. KeyCorp reiterated a “buy” rating and set a $32.00 price objective on shares of Nutanix in a research report on Friday, September 1st. Finally, Piper Jaffray Companies set a $28.00 price objective on Nutanix and gave the stock a “buy” rating in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $30.68.
Institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. grew its stake in Nutanix by 274.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 582,673 shares of the technology company’s stock worth $11,741,000 after buying an additional 427,255 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Nutanix by 3,462.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock worth $14,808,000 after buying an additional 714,257 shares during the last quarter. Scott & Selber Inc. bought a new position in Nutanix during the 3rd quarter worth $1,398,000. Geode Capital Management LLC grew its stake in Nutanix by 12.2% during the 1st quarter. Geode Capital Management LLC now owns 129,489 shares of the technology company’s stock worth $2,430,000 after buying an additional 14,097 shares during the last quarter. Finally, Lenox Wealth Management Inc. bought a new position in Nutanix during the 2nd quarter worth $397,000. Hedge funds and other institutional investors own 31.53% of the company’s stock.
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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