Rajiv Ramaswami Sells 95,852 Shares of Nutanix, Inc. (NASDAQ:NTNX) Stock

Nutanix, Inc. (NASDAQ:NTNX) CEO Rajiv Ramaswami sold 95,852 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the completion of the sale, the chief executive officer now directly owns 540,463 shares of the company’s stock, valued at approximately $37,832,410. This represents a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, December 16th, Rajiv Ramaswami sold 63,901 shares of Nutanix stock. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85.

Nutanix Stock Down 0.5 %

Shares of NASDAQ:NTNX opened at $70.53 on Friday. The company has a market cap of $18.90 billion, a P/E ratio of -201.51, a price-to-earnings-growth ratio of 11.26 and a beta of 1.17. The company’s fifty day moving average is $65.29 and its two-hundred day moving average is $61.71. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $75.80.

Analyst Ratings Changes

NTNX has been the topic of several research analyst reports. UBS Group began coverage on Nutanix in a research report on Thursday, December 12th. They set a “buy” rating and a $81.00 price target on the stock. Northland Securities reiterated a “market perform” rating and issued a $77.00 price target (up from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Wells Fargo & Company upped their price target on shares of Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Piper Sandler boosted their target price on shares of Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley raised their target price on shares of Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Nutanix presently has a consensus rating of “Moderate Buy” and an average target price of $79.50.

Institutional Investors Weigh In On Nutanix

Several hedge funds have recently bought and sold shares of NTNX. Bain Capital Investors LLC purchased a new position in Nutanix during the 3rd quarter valued at about $998,601,000. Champlain Investment Partners LLC grew its position in Nutanix by 3.7% during the third 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 increased its stake in Nutanix by 0.5% in 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 buying an additional 22,091 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in 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 buying an additional 374,328 shares during the period. Finally, Two Sigma Advisers LP lifted its position in Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after buying an additional 695,567 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

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.