Nutanix (NASDAQ:NTNX) CEO Sells $5,553,330.00 in Stock

Nutanix (NASDAQ:NTNX) CEO Rajiv Ramaswami sold 75,045 shares of the stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $74.00, for a total value of $5,553,330.00. Following the completion of the sale, the chief executive officer owned 414,339 shares of the company’s stock, valued at $30,661,086. The trade was a 15.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, October 6th, Rajiv Ramaswami sold 324,955 shares of Nutanix stock. The shares were sold at an average price of $73.57, for a total transaction of $23,906,939.35.

Nutanix Trading Down 0.4%

Shares of NTNX traded down $0.31 during trading hours on Thursday, hitting $73.11. 1,717,619 shares of the stock were exchanged, compared to its average volume of 3,810,279. Nutanix has a fifty-two week low of $34.01 and a fifty-two week high of $74.42. The business has a 50-day moving average of $67.12 and a 200-day moving average of $53.97. The firm has a market capitalization of $19.78 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 3.64 and a beta of 0.64. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.80 and a quick ratio of 1.80.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. Nutanix had a negative return on equity of 90.13% and a net margin of 52.81%.The firm had revenue of $757.08 million during the quarter, compared to the consensus estimate of $738.27 million. During the same period last year, the business posted $0.37 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. On average, research analysts expect that Nutanix will post 1.17 EPS for the current year.

Institutional Investors Weigh In On Nutanix

A number of hedge funds have recently modified their holdings of the stock. CX Institutional raised its stake in Nutanix by 134.6% in the 2nd quarter. CX Institutional now owns 488 shares of the technology company’s stock valued at $25,000 after acquiring an additional 280 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Nutanix by 43.8% in the second quarter. Parkside Financial Bank & Trust now owns 578 shares of the technology company’s stock valued at $29,000 after purchasing an additional 176 shares during the period. Western Wealth Management LLC purchased a new stake in shares of Nutanix during the 1st quarter valued at approximately $27,000. CoreCap Advisors LLC lifted its stake in shares of Nutanix by 28.6% during the 2nd quarter. CoreCap Advisors LLC now owns 900 shares of the technology company’s stock valued at $46,000 after buying an additional 200 shares in the last quarter. Finally, Hilltop National Bank bought a new position in Nutanix in the 2nd quarter worth approximately $47,000. Institutional investors own 85.25% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. UBS Group set a $85.00 price objective on shares of Nutanix in a research report on Thursday, August 27th. Bank of America reissued a “buy” rating on shares of Nutanix in a research report on Thursday, August 27th. KeyCorp raised their price target on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, August 24th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Nutanix in a report on Tuesday, August 25th. Finally, Wall Street Zen raised Nutanix from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.07.

About Nutanix

Nutanix, Inc develops enterprise cloud software that helps organizations manage applications and data across on-premises infrastructure, public clouds and hybrid multicloud environments. Its platform is designed to simplify the operation of data centers and cloud resources through a unified software experience.

The company’s offerings include hyperconverged infrastructure software, the Nutanix Cloud Infrastructure platform and AHV virtualization. Nutanix also provides services for file and object storage, databases, disaster recovery, Kubernetes and application management, as well as tools that help customers monitor, secure and govern their hybrid and multicloud environments.

Founded in 2009 and headquartered in San Jose, California, Nutanix serves businesses, government organizations and other institutions globally through direct sales and channel partners.