Rukmini Sivaraman Sells 294 Shares of Nutanix, Inc. (NASDAQ:NTNX) Stock

Nutanix, Inc. (NASDAQ:NTNX) CFO Rukmini Sivaraman sold 294 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $61.55, for a total value of $18,095.70. Following the sale, the chief financial officer now owns 190,588 shares of the company’s stock, valued at approximately $11,730,691.40. This represents a 0.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Rukmini Sivaraman also recently made the following trade(s):

• On Tuesday, December 17th, Rukmini Sivaraman sold 11,810 shares of Nutanix stock. The stock was sold at an average price of $66.63, for a total transaction of $786,900.30.

Nutanix Stock Up 1.0 %

Shares of NTNX opened at $66.55 on Friday. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $75.80. The company has a 50 day simple moving average of $66.29 and a two-hundred day simple moving average of $60.43.

Hedge Funds Weigh In On Nutanix

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Wealth Partners LLC bought a new stake in Nutanix in the 3rd quarter valued at $27,000. Larson Financial Group LLC grew its position in shares of Nutanix by 122.7% during the third 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 in the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Nutanix in the second quarter worth about $32,000. Advisors Asset Management Inc. lifted its position 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 buying an additional 321 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Nutanix by 587.7% in the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock worth $45,000 after buying an additional 623 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Analysts Set New Price Targets

NTNX has been the topic of several recent research reports. Wells Fargo & Company increased their price target on shares of Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Piper Sandler raised their target price on Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Morgan Stanley boosted their price target on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Northland Securities restated a “market perform” rating and issued a $77.00 price target (up previously from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Finally, Oppenheimer began coverage on Nutanix in a research report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Nutanix presently has a consensus rating of “Moderate Buy” and an average price target of $79.47.

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.