Virginia Gambale Sells 6,060 Shares of Nutanix, Inc. (NASDAQ:NTNX) Stock

Nutanix, Inc. (NASDAQ:NTNX - Get Free Report) Director Virginia Gambale sold 6,060 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the transaction, the director now directly owns 45,330 shares in the company, valued at approximately $2,934,210.90. This represents a 11.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Nutanix Stock Down 0.8 %

Shares of NTNX traded down $0.50 during mid-day trading on Monday, reaching $64.57. 887,075 shares of the stock traded hands, compared to its average volume of 2,622,976. The firm has a market cap of $17.30 billion, a price-to-earnings ratio of -184.49, a P/E/G ratio of 10.34 and a beta of 1.13. The stock has a fifty day simple moving average of $66.44 and a 200 day simple moving average of $59.32. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $75.80.

Analyst Ratings Changes

Several analysts have commented on the company. UBS Group started coverage on Nutanix in a report on Thursday, December 12th. They issued a "buy" rating and a $81.00 price target for the company. Oppenheimer began coverage on shares of Nutanix in a report on Wednesday, November 13th. They issued an "outperform" rating and a $80.00 target price for the company. Piper Sandler increased their price target on shares of Nutanix from $77.00 to $83.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Royal Bank of Canada boosted their price objective on shares of Nutanix from $70.00 to $75.00 and gave the company an "outperform" rating in a research note on Thursday, August 29th. Finally, Northland Securities reaffirmed a "market perform" rating and issued a $77.00 target price (up from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $79.47.

Institutional Investors Weigh In On Nutanix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTNX. Bain Capital Investors LLC purchased a new stake in shares of Nutanix during the third quarter worth about $998,601,000. Champlain Investment Partners LLC grew its stake in Nutanix by 3.7% during the 3rd quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company's stock valued at $354,867,000 after purchasing an additional 215,363 shares in the last quarter. Geode Capital Management LLC grew its stake in Nutanix by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company's stock valued at $245,968,000 after purchasing an additional 22,091 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Nutanix by 7.4% in the 2nd quarter. Renaissance Technologies LLC now owns 3,738,756 shares of the technology company's stock valued at $212,548,000 after purchasing an additional 256,156 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Nutanix by 15.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company's stock valued at $166,886,000 after purchasing an additional 374,328 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

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.