Rajiv Ramaswami Sells 61,057 Shares of Nutanix, Inc. (NASDAQ:NTNX) Stock

Nutanix, Inc. (NASDAQ:NTNX) CEO Rajiv Ramaswami sold 61,057 shares of the firm’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total transaction of $4,823,503.00. Following the sale, the chief executive officer now owns 497,309 shares in the company, valued at approximately $39,287,411. The trade was a 10.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, March 24th, Rajiv Ramaswami sold 7,740 shares of Nutanix stock. The stock was sold at an average price of $75.00, for a total transaction of $580,500.00.

Nutanix Stock Down 1.4%

NASDAQ:NTNX opened at $80.66 on Friday. The firm has a market capitalization of $21.51 billion, a price-to-earnings ratio of -230.46, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $83.14. The stock’s 50 day moving average price is $68.39 and its two-hundred day moving average price is $67.83.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. UBS Group lifted their price target on Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. lifted their target price on Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Royal Bank of Canada lifted their target price on Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Northland Securities raised Nutanix from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $77.00 to $97.00 in a research report on Thursday, February 27th. Finally, Northland Capmk upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $87.85.

Hedge Funds Weigh In On Nutanix

A number of institutional investors have recently added to or reduced their stakes in NTNX. Charles Schwab Investment Management Inc. increased its stake in shares of Nutanix by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company’s stock worth $88,271,000 after purchasing an additional 33,980 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Nutanix by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company’s stock worth $453,000 after purchasing an additional 375 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Nutanix by 1,555.9% during the 4th quarter. Pacer Advisors Inc. now owns 74,203 shares of the technology company’s stock worth $4,540,000 after purchasing an additional 69,722 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Nutanix during the fourth quarter worth approximately $299,000. Finally, Sanctuary Advisors LLC increased its position in Nutanix by 3.5% during the fourth quarter. Sanctuary Advisors LLC now owns 9,698 shares of the technology company’s stock worth $593,000 after buying an additional 325 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

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.