Nutanix, Inc. (NASDAQ:NTNX – Get Free Report) COO David Sangster sold 136,519 shares of Nutanix stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $35.08, for a total transaction of $4,789,086.52. Following the sale, the chief operating officer now owns 66,870 shares of the company’s stock, valued at approximately $2,345,799.60. The sale was disclosed in a document filed with the SEC, which is available through this link.
David Sangster also recently made the following trade(s):
- On Monday, September 18th, David Sangster sold 45,560 shares of Nutanix stock. The shares were sold at an average price of $33.88, for a total transaction of $1,543,572.80.
Nutanix Stock Down 2.3 %
Shares of Nutanix stock opened at $34.90 on Friday. The firm’s 50 day moving average price is $32.05 and its 200-day moving average price is $28.51. Nutanix, Inc. has a 52-week low of $19.96 and a 52-week high of $36.85. The company has a market cap of $8.23 billion, a P/E ratio of -30.35 and a beta of 1.30.
Institutional Trading of Nutanix
Several large investors have recently bought and sold shares of NTNX. Norges Bank purchased a new stake in Nutanix during the 4th quarter worth approximately $62,421,000. Champlain Investment Partners LLC grew its position in Nutanix by 39.5% during the 1st quarter. Champlain Investment Partners LLC now owns 7,560,281 shares of the technology company’s stock worth $196,492,000 after purchasing an additional 2,141,125 shares during the last quarter. Vanguard Group Inc. grew its position in Nutanix by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 23,344,292 shares of the technology company’s stock worth $626,094,000 after purchasing an additional 1,116,856 shares during the last quarter. Generation Investment Management LLP grew its position in Nutanix by 4.8% during the 4th quarter. Generation Investment Management LLP now owns 22,080,454 shares of the technology company’s stock worth $575,196,000 after purchasing an additional 1,019,395 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Nutanix by 6,627.1% during the 1st quarter. Wellington Management Group LLP now owns 991,370 shares of the technology company’s stock valued at $26,589,000 after acquiring an additional 976,633 shares during the period. Hedge funds and other institutional investors own 78.74% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on NTNX shares. Needham & Company LLC reiterated a “buy” rating and set a $44.00 price objective on shares of Nutanix in a report on Wednesday. Piper Sandler boosted their price target on shares of Nutanix from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday. Morgan Stanley boosted their price target on shares of Nutanix from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday. StockNews.com lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, JMP Securities boosted their price target on shares of Nutanix from $35.00 to $45.00 and gave the company a “market outperform” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.64.
Nutanix Company Profile
Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.
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