Virginia Gambale Sells 7,000 Shares of Nutanix, Inc. (NASDAQ:NTNX) Stock

Nutanix, Inc. (NASDAQ:NTNX) Director Virginia Gambale sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $78.00, for a total transaction of $546,000.00. Following the transaction, the director now owns 38,330 shares of the company’s stock, valued at $2,989,740. This trade represents a 15.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nutanix Trading Down 0.9%

Shares of Nutanix stock opened at $74.78 on Wednesday. The company has a fifty day simple moving average of $71.22 and a 200-day simple moving average of $69.12. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $83.36. The stock has a market cap of $19.94 billion, a price-to-earnings ratio of -213.66, a PEG ratio of 11.80 and a beta of 0.69.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Harbour Investments Inc. raised its position in Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock valued at $27,000 after purchasing an additional 418 shares during the last quarter. Colonial Trust Co SC purchased a new stake in Nutanix in the 4th quarter valued at $28,000. Twin Tree Management LP purchased a new stake in Nutanix in the 1st quarter valued at $29,000. MassMutual Private Wealth & Trust FSB raised its position in Nutanix by 78.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company’s stock valued at $30,000 after purchasing an additional 191 shares during the last quarter. Finally, GW&K Investment Management LLC purchased a new stake in Nutanix in the 1st quarter valued at $30,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on NTNX. Piper Sandler reiterated an “overweight” rating and set a $88.00 price target (up previously from $76.00) on shares of Nutanix in a report on Thursday, May 29th. UBS Group boosted their price target on shares of Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Susquehanna boosted their price target on shares of Nutanix from $90.00 to $95.00 and gave the stock a “positive” rating in a report on Thursday, May 29th. Raymond James cut shares of Nutanix from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 20th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $92.00 price target on shares of Nutanix in a report on Thursday, May 29th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $90.38.

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.