Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Nutanix, Inc. NASDAQ: NTNX. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Nutanix stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
- Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
- Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
- Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
- Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
- Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
- Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.
Nutanix Price Performance
NTNX traded down $0.13 on Wednesday, reaching $72.07. 1,313,591 shares of the stock were exchanged, compared to its average volume of 1,826,550. The company's 50-day moving average price is $66.03 and its 200 day moving average price is $63.11. The firm has a market capitalization of $19.31 billion, a PE ratio of -205.91, a PEG ratio of 11.54 and a beta of 1.17. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80.
Institutional Trading of Nutanix
Several large investors have recently modified their holdings of NTNX. Harbour Investments Inc. lifted its stake in Nutanix by 2,612.5% in 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 in the last quarter. Colonial Trust Co SC acquired a new position in shares of Nutanix in the fourth quarter worth $28,000. ORG Wealth Partners LLC purchased a new stake in shares of Nutanix in the third quarter valued at $27,000. Allworth Financial LP boosted its stake in shares of Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company's stock valued at $31,000 after acquiring an additional 256 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Nutanix by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock valued at $30,000 after purchasing an additional 281 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, CEO Rajiv Ramaswami sold 63,901 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the completion of the transaction, the chief executive officer now owns 649,034 shares of the company's stock, valued at $42,738,888.90. This represents a 8.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Virginia Gambale sold 6,060 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the completion of the sale, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. This represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 177,917 shares of company stock valued at $12,114,781 in the last ninety days. Insiders own 6.80% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on NTNX shares. UBS Group started coverage on Nutanix in a research report on Thursday, December 12th. They set a "buy" rating and a $81.00 price target for the company. Barclays boosted their target price on shares of Nutanix from $75.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Piper Sandler raised their price target on shares of Nutanix from $77.00 to $83.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Needham & Company LLC upped their price objective on shares of Nutanix from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Finally, 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 note on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $79.50.
Read Our Latest Analysis on NTNX
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
Nutanix Company Profile
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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.
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