Steven J. Gomo Sells 7,000 Shares of Nutanix, Inc. (NASDAQ:NTNX) Stock

Nutanix, Inc. (NASDAQ:NTNX) Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction on Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the transaction, the director now directly owns 3,050 shares in the company, valued at approximately $232,288. This represents a 69.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Nutanix Trading Up 0.7 %

Shares of NTNX stock opened at $77.44 on Tuesday. The firm’s fifty day moving average price is $67.24 and its two-hundred day moving average price is $64.56. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99. The firm has a market capitalization of $20.75 billion, a P/E ratio of -221.26, a PEG ratio of 11.80 and a beta of 1.17.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Northland Securities upgraded Nutanix from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. Oppenheimer increased their target price on Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Morgan Stanley lifted their price target on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Finally, Needham & Company LLC increased their price objective on shares of Nutanix from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. One investment 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.com, the company presently has an average rating of “Buy” and an average target price of $87.79.

Hedge Funds Weigh In On Nutanix

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Nutanix by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company’s stock valued at $1,568,447,000 after purchasing an additional 146,854 shares during the last quarter. Bain Capital Investors LLC bought a new stake in shares of Nutanix during the 3rd quarter worth approximately $998,601,000. Champlain Investment Partners LLC raised its stake in shares of Nutanix by 3.7% during the 3rd quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company’s stock worth $354,867,000 after purchasing an additional 215,363 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Nutanix by 6.5% in the 4th quarter. Renaissance Technologies LLC now owns 4,418,900 shares of the technology company’s stock valued at $270,348,000 after buying an additional 268,400 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Nutanix by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 4,311,000 shares of the technology company’s stock valued at $263,275,000 after buying an additional 163,874 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

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.