Nutanix, Inc. (NASDAQ:NTNX) CFO Rukmini Sivaraman Sells 294 Shares

Nutanix, Inc. (NASDAQ:NTNX) CFO Rukmini Sivaraman sold 294 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $61.55, for a total transaction of $18,095.70. Following the completion of the transaction, the chief financial officer now owns 190,588 shares of the company’s stock, valued at approximately $11,730,691.40. This trade represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, December 17th, Rukmini Sivaraman sold 11,810 shares of Nutanix stock. The shares were sold at an average price of $66.63, for a total transaction of $786,900.30.

Nutanix Stock Performance

Shares of Nutanix stock traded up $2.81 during trading hours on Wednesday, reaching $65.86. The company’s stock had a trading volume of 2,209,240 shares, compared to its average volume of 1,788,846. Nutanix, Inc. has a one year low of $43.35 and a one year high of $75.80. The company has a market capitalization of $17.65 billion, a P/E ratio of -188.17, a P/E/G ratio of 10.34 and a beta of 1.16. The stock’s fifty day simple moving average is $66.31 and its two-hundred day simple moving average is $60.40.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NTNX. ORG Wealth Partners LLC bought a new position in shares of Nutanix in the third quarter valued at $27,000. Larson Financial Group LLC lifted its position in shares of 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 purchasing an additional 281 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Nutanix during the second quarter valued at about $32,000. Advisors Asset Management Inc. lifted its position in shares of Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after purchasing an additional 321 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Nutanix by 587.7% during the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock valued at $45,000 after purchasing an additional 623 shares in the last quarter. 85.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Barclays upped their price target on shares of Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Wells Fargo & Company upped their price target on shares of Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Morgan Stanley upped their price target on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. UBS Group initiated coverage on shares of Nutanix in a research report on Thursday, December 12th. They set a “buy” rating and a $81.00 price objective for the company. Finally, Piper Sandler increased their price objective on shares of Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.47.

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.