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

Nutanix, Inc. (NASDAQ:NTNX) CEO Rajiv Ramaswami sold 7,740 shares of the business’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 value of $580,500.00. Following the completion of the transaction, the chief executive officer now owns 558,366 shares in the company, valued at $41,877,450. The trade was a 1.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 value of $6,709,640.00.

Nutanix Stock Performance

Shares of NTNX opened at $74.92 on Wednesday. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99. The stock’s 50-day simple moving average is $70.01 and its 200 day simple moving average is $66.17. The stock has a market capitalization of $19.98 billion, a price-to-earnings ratio of -214.06, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04.

Analyst Upgrades and Downgrades

NTNX has been the subject of several research analyst reports. Northland Capmk raised Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. UBS Group lifted their price objective on shares of Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Northland Securities raised shares of Nutanix from a “market perform” rating to an “outperform” rating and increased their target price for the company from $77.00 to $97.00 in a research report on Thursday, February 27th. Royal Bank of Canada lifted their price target on shares of Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. increased their price objective on Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $87.79.

Institutional Investors Weigh In On Nutanix

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Harbour Investments Inc. grew its stake in Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock valued at $27,000 after acquiring an additional 418 shares in the last quarter. Colonial Trust Co SC purchased a new stake in Nutanix in the 4th quarter worth approximately $28,000. Larson Financial Group LLC boosted 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 during the period. Allworth Financial LP grew its position in shares of Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after purchasing an additional 256 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Nutanix by 150.7% in the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after purchasing an additional 321 shares during the period. 85.25% of the stock is currently owned by 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.