Nutanix, Inc. (NASDAQ:NTNX) CFO Rukmini Sivaraman Sells 294 Shares

Nutanix, Inc. (NASDAQ:NTNX - Get Free Report) CFO Rukmini Sivaraman sold 294 shares of the firm's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $61.55, for a total transaction of $18,095.70. Following the completion of the transaction, the chief financial officer now directly owns 190,588 shares in the company, valued at $11,730,691.40. This represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Rukmini Sivaraman also recently made the following trade(s):

• On Tuesday, December 17th, Rukmini Sivaraman sold 11,810 shares of Nutanix stock. The stock was sold at an average price of $66.63, for a total value of $786,900.30.

Nutanix Price Performance

Shares of NASDAQ:NTNX traded up $0.69 during midday trading on Thursday, reaching $66.55. 1,949,759 shares of the company's stock were exchanged, compared to its average volume of 1,856,316. The firm's 50 day simple moving average is $66.29 and its two-hundred day simple moving average is $60.43. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80. The stock has a market cap of $17.83 billion, a price-to-earnings ratio of -190.14, a P/E/G ratio of 10.19 and a beta of 1.16.

Institutional Investors Weigh In On Nutanix

Institutional investors have recently made changes to their positions in the stock. Versor Investments LP lifted its holdings in shares of Nutanix by 211.7% in the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company's stock worth $1,976,000 after acquiring an additional 22,652 shares during the last quarter. Marshall Wace LLP raised its position in Nutanix by 47.5% in the second quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company's stock valued at $84,308,000 after purchasing an additional 477,838 shares during the period. Atreides Management LP acquired a new position in Nutanix during the third quarter worth $8,290,000. Resolute Capital Asset Partners LLC purchased a new position in shares of Nutanix during the second quarter worth $2,274,000. Finally, Two Sigma Advisers LP grew its stake in shares of Nutanix by 32.8% in the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company's stock valued at $166,730,000 after buying an additional 695,567 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NTNX has been the topic of several recent research reports. StockNews.com raised shares of Nutanix from a "buy" rating to a "strong-buy" rating in a research note on Thursday, November 28th. Barclays boosted their price target on shares of Nutanix from $75.00 to $87.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Piper Sandler increased their price objective on shares of Nutanix from $77.00 to $83.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. Northland Securities restated a "market perform" rating and set a $77.00 target price (up from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Finally, Wells Fargo & Company increased their price target on Nutanix from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $79.47.

About Nutanix

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.