Insider Selling: Nutanix Inc (NTNX) Major Shareholder Sells 63,227 Shares of Stock

Nutanix Inc (NASDAQ:NTNX) major shareholder Peter Nieh sold 63,227 shares of the stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $49.62, for a total transaction of $3,137,323.74. Following the transaction, the insider now directly owns 200,000 shares in the company, valued at $9,924,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of NASDAQ NTNX traded down $1.97 during mid-day trading on Friday, hitting $49.84. The company had a trading volume of 4,516,829 shares, compared to its average volume of 4,625,135. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.10 and a current ratio of 3.10. Nutanix Inc has a 12 month low of $14.38 and a 12 month high of $55.25. The stock has a market cap of $8,258.12, a PE ratio of -14.97 and a beta of 0.38.

Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, March 1st. The technology company reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.06. Nutanix had a negative net margin of 33.34% and a negative return on equity of 196.67%. The business had revenue of $286.70 million during the quarter, compared to analysts’ expectations of $283.22 million. During the same quarter last year, the company earned ($0.28) earnings per share. The firm’s revenue was up 44.1% on a year-over-year basis. research analysts forecast that Nutanix Inc will post -1.59 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTNX. Nationwide Fund Advisors lifted its stake in shares of Nutanix by 52.2% in the third quarter. Nationwide Fund Advisors now owns 30,254 shares of the technology company’s stock valued at $677,000 after buying an additional 10,382 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Nutanix by 551.9% in the third quarter. BNP Paribas Arbitrage SA now owns 27,541 shares of the technology company’s stock valued at $617,000 after buying an additional 23,316 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Nutanix by 0.9% in the third quarter. New York State Common Retirement Fund now owns 532,700 shares of the technology company’s stock valued at $11,927,000 after buying an additional 5,000 shares during the period. Rhumbline Advisers lifted its stake in shares of Nutanix by 60.0% in the third quarter. Rhumbline Advisers now owns 61,658 shares of the technology company’s stock valued at $1,381,000 after buying an additional 23,111 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Nutanix by 61.7% in the third quarter. Bank of New York Mellon Corp now owns 195,588 shares of the technology company’s stock valued at $4,380,000 after buying an additional 74,649 shares during the period. Institutional investors and hedge funds own 44.26% of the company’s stock.

Several equities analysts have commented on NTNX shares. Vetr downgraded shares of Nutanix from a “buy” rating to a “sell” rating and set a $31.98 target price on the stock. in a research report on Tuesday, February 20th. JPMorgan Chase downgraded shares of Nutanix from a “neutral” rating to an “underweight” rating and set a $35.00 target price on the stock. in a research report on Thursday, January 25th. Oppenheimer reissued a “buy” rating and set a $43.00 target price on shares of Nutanix in a research report on Tuesday, January 9th. Maxim Group reissued a “buy” rating and set a $51.00 target price on shares of Nutanix in a research report on Friday, December 22nd. Finally, Robert W. Baird reissued a “buy” rating and set a $41.00 target price on shares of Nutanix in a research report on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $48.05.

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Nutanix Company Profile

Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.

Insider Buying and Selling by Quarter for Nutanix (NASDAQ:NTNX)

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