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

Nutanix, Inc. (NASDAQ:NTNX) CEO Rajiv Ramaswami sold 7,740 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $75.00, for a total transaction of $580,500.00. Following the transaction, the chief executive officer now directly owns 558,366 shares in the company, valued at $41,877,450. This trade represents a 1.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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

NTNX stock traded down $0.05 during mid-day trading on Tuesday, hitting $74.92. The company had a trading volume of 1,823,383 shares, compared to its average volume of 2,436,119. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99. The stock’s fifty day moving average price is $69.77 and its two-hundred day moving average price is $66.07. The firm has a market cap of $19.98 billion, a PE ratio of -214.06, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NTNX shares. Northland Capmk raised Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Morgan Stanley raised their price objective on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Wells Fargo & Company upped their target price on shares of Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Royal Bank of Canada boosted their price objective on Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, StockNews.com lowered Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $87.79.

Institutional Trading of Nutanix

A number of large investors have recently bought and sold shares of NTNX. Harbour Investments Inc. increased its holdings in Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after acquiring an additional 418 shares during the last quarter. Colonial Trust Co SC bought a new position in Nutanix during the fourth quarter worth about $28,000. Larson Financial Group LLC increased its stake in shares of Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after purchasing an additional 281 shares in the last quarter. Allworth Financial LP lifted its stake 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 buying an additional 256 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Nutanix by 150.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after buying an additional 321 shares during the period. 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.