Insider Selling: Nutanix (NASDAQ:NTNX) CFO Sells $17,348,679.60 in Stock

Nutanix (NASDAQ:NTNX) CFO Rukmini Sivaraman sold 232,712 shares of the business’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $74.55, for a total value of $17,348,679.60. Following the completion of the transaction, the chief financial officer directly owned 92,775 shares in the company, valued at approximately $6,916,376.25. The trade was a 71.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, September 17th, Rukmini Sivaraman sold 38,139 shares of Nutanix stock. The shares were sold at an average price of $70.00, for a total transaction of $2,669,730.00.

Nutanix Stock Performance

NASDAQ NTNX opened at $69.98 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.92. The business’s 50 day moving average is $68.57 and its two-hundred day moving average is $55.37. Nutanix has a 12-month low of $34.01 and a 12-month high of $75.98. The stock has a market capitalization of $18.93 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 3.46 and a beta of 0.64.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. The firm had revenue of $757.08 million for the quarter, compared to the consensus estimate of $738.27 million. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 earnings per share. Research analysts expect that Nutanix will post 1.17 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Paralel Advisors LLC boosted its stake in Nutanix by 58.6% in the 2nd quarter. Paralel Advisors LLC now owns 60,770 shares of the technology company’s stock worth $3,097,000 after buying an additional 22,453 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Nutanix by 628.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,185,120 shares of the technology company’s stock valued at $45,046,000 after buying an additional 1,022,516 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Nutanix in the 2nd quarter valued at about $3,976,000. WINTON GROUP Ltd grew its holdings in Nutanix by 381.3% in the 2nd quarter. WINTON GROUP Ltd now owns 135,180 shares of the technology company’s stock valued at $6,889,000 after buying an additional 107,096 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Nutanix during the 2nd quarter valued at about $4,296,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NTNX. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Nutanix in a research note on Tuesday, August 25th. Rosenblatt Securities raised their price target on shares of Nutanix from $60.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. Royal Bank Of Canada raised their price target on shares of Nutanix from $84.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. KeyCorp lifted their price target on shares of Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, August 24th. Finally, Wall Street Zen upgraded shares of Nutanix from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $73.07.

Nutanix Company Profile

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.