Nutanix, Inc. (NASDAQ:NTNX) CEO Rajiv Ramaswami Sells 7,740 Shares

Nutanix, Inc. (NASDAQ:NTNX - Get Free Report) CEO Rajiv Ramaswami sold 7,740 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $75.00, for a total transaction of $580,500.00. Following the completion of the sale, the chief executive officer now directly owns 558,366 shares in the company, valued at $41,877,450. This represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, February 4th, Rajiv Ramaswami sold 95,852 shares of Nutanix stock. The stock was sold at an average price of $70.00, for a total transaction of $6,709,640.00.

Nutanix Price Performance

NTNX traded down $0.94 during trading hours on Friday, reaching $71.02. 2,088,434 shares of the stock traded hands, compared to its average volume of 2,479,353. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99. The company has a market cap of $18.94 billion, a price-to-earnings ratio of -202.91, a PEG ratio of 11.80 and a beta of 1.04. The firm's fifty day simple moving average is $70.38 and its two-hundred day simple moving average is $66.38.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Needham & Company LLC upped their price objective on Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Royal Bank of Canada raised their price objective on Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Oppenheimer lifted their price objective on Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Morgan Stanley increased their target price on shares of Nutanix from $78.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company lifted their price target on shares of Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Nutanix currently has a consensus rating of "Buy" and a consensus target price of $87.79.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Harbour Investments Inc. boosted its stake in shares of Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after buying an additional 418 shares during the last quarter. Colonial Trust Co SC bought a new stake in Nutanix in the fourth quarter valued at about $28,000. Larson Financial Group LLC raised its stake in Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock valued at $30,000 after buying an additional 281 shares in the last quarter. Allworth Financial LP lifted its holdings in Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after buying an additional 256 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Nutanix by 150.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock worth $32,000 after acquiring an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

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.