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 business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $75.00, for a total transaction of $580,500.00. Following the completion of the sale, the chief executive officer now directly owns 558,366 shares of the company’s stock, valued at $41,877,450. This represents a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, February 4th, Rajiv Ramaswami sold 95,852 shares of Nutanix stock. The shares were sold at an average price of $70.00, for a total value of $6,709,640.00.

Nutanix Stock Down 0.1 %

NASDAQ NTNX traded down $0.05 on Tuesday, hitting $74.92. The company’s stock had a trading volume of 1,823,383 shares, compared to its average volume of 2,436,119. The firm has a market cap of $19.98 billion, a PE ratio of -214.06, a PEG ratio of 11.80 and a beta of 1.04. The company’s 50-day moving average is $69.77 and its 200 day moving average is $66.07. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $79.99.

Wall Street Analyst Weigh In

NTNX has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Piper Sandler raised their target price on shares of Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Raymond James set a $83.00 price target on shares of Nutanix in a report on Thursday, February 27th. Wells Fargo & Company lifted their price objective on shares of Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley upped their target price on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Nutanix currently has an average rating of “Buy” and an average target price of $87.79.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Harbour Investments Inc. lifted its holdings in Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock valued at $27,000 after buying an additional 418 shares during the period. Colonial Trust Co SC bought a new stake in shares of Nutanix during the 4th quarter valued at about $28,000. Allworth Financial LP grew its stake in Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after purchasing an additional 256 shares during the period. Larson Financial Group LLC increased its holdings in 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. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Nutanix by 150.7% during 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 in the last quarter. Institutional investors own 85.25% of the company’s stock.

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.