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 shares were sold at an average price of $75.00, for a total transaction of $580,500.00. Following the completion of the transaction, the chief executive officer now directly owns 558,366 shares of the company’s stock, valued at approximately $41,877,450. The trade was a 1.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 2.2 %

Shares of NASDAQ NTNX opened at $73.28 on Thursday. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The firm has a market cap of $19.54 billion, a PE ratio of -209.37, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. The business has a fifty day simple moving average of $70.15 and a two-hundred day simple moving average of $66.22.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NTNX. Piper Sandler lifted their target price on Nutanix from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Raymond James set a $83.00 price objective on shares of Nutanix in a research report on Thursday, February 27th. Northland Securities upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. Needham & Company LLC upped their price target on shares of Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Morgan Stanley increased their price objective on shares of Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $87.79.

Institutional Trading of Nutanix

Several institutional investors and hedge funds have recently made changes to their positions in the company. Harbour Investments Inc. grew its holdings in Nutanix by 2,612.5% during 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 in the last quarter. Colonial Trust Co SC purchased a new stake in shares of Nutanix in the 4th quarter worth approximately $28,000. Allworth Financial LP boosted its stake in shares of Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after purchasing an additional 256 shares in the last quarter. Larson Financial Group LLC increased its holdings in 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 buying an additional 281 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in 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. 85.25% of the stock is currently owned by 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.