Rajiv Ramaswami Sells 95,852 Shares of Nutanix, Inc. (NASDAQ:NTNX) Stock

Nutanix, Inc. (NASDAQ:NTNX - Get Free Report) CEO Rajiv Ramaswami sold 95,852 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the sale, the chief executive officer now directly owns 540,463 shares of the company's stock, valued at $37,832,410. The trade was a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Rajiv Ramaswami also recently made the following trade(s):

• On Monday, December 16th, Rajiv Ramaswami sold 63,901 shares of Nutanix stock. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85.

Nutanix Price Performance

Shares of NTNX stock traded up $1.44 during trading hours on Monday, reaching $71.97. 520,769 shares of the company's stock were exchanged, compared to its average volume of 1,886,638. The company has a market cap of $19.28 billion, a P/E ratio of -205.89, a price-to-earnings-growth ratio of 11.60 and a beta of 1.17. The company's 50 day moving average is $65.40 and its two-hundred day moving average is $62.03. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $75.80.

Institutional Investors Weigh In On Nutanix

Institutional investors and hedge funds have recently modified their holdings of the company. Larson Financial Group LLC grew its holdings in Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock valued at $40,000 after buying an additional 146 shares during the last quarter. Freedom Investment Management Inc. lifted its stake in shares of Nutanix by 4.0% during the 3rd quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company's stock worth $230,000 after purchasing an additional 151 shares during the period. Avantax Advisory Services Inc. lifted its stake in shares of Nutanix by 3.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock worth $349,000 after purchasing an additional 188 shares during the period. Principal Securities Inc. lifted its stake in shares of Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after purchasing an additional 199 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in shares of Nutanix by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company's stock worth $417,000 after purchasing an additional 233 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Nutanix from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Oppenheimer began coverage on Nutanix in a research note on Wednesday, November 13th. They set an "outperform" rating and a $80.00 price objective for the company. Morgan Stanley upped their price objective on Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. Barclays upped their price objective on Nutanix from $75.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Finally, Needham & Company LLC upped their price objective on Nutanix from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $79.50.

Nutanix Company Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers' enterprise infrastructure.