Sunil Potti Sells 10,000 Shares of Nutanix Inc. (NTNX) Stock

Nutanix Inc. (NASDAQ:NTNX) insider Sunil Potti sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $21.56, for a total value of $215,600.00. Following the completion of the sale, the insider now owns 113,603 shares of the company’s stock, valued at $2,449,280.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Sunil Potti also recently made the following trade(s):

  • On Tuesday, August 15th, Sunil Potti sold 10,000 shares of Nutanix stock. The shares were sold at an average price of $21.43, for a total value of $214,300.00.
  • On Monday, July 17th, Sunil Potti sold 10,000 shares of Nutanix stock. The shares were sold at an average price of $22.57, for a total value of $225,700.00.
  • On Monday, June 26th, Sunil Potti sold 30,000 shares of Nutanix stock. The shares were sold at an average price of $20.00, for a total value of $600,000.00.

Nutanix Inc. (NASDAQ NTNX) opened at 22.00 on Wednesday. The company’s market capitalization is $3.36 billion. The stock has a 50 day moving average price of $21.91 and a 200-day moving average price of $21.91. Nutanix Inc. has a 52 week low of $21.21 and a 52 week high of $46.78.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.05. Nutanix had a negative net margin of 59.72% and a negative return on equity of 248.46%. The company had revenue of $226.10 million during the quarter, compared to the consensus estimate of $216.00 million. The firm’s quarterly revenue was up 61.7% compared to the same quarter last year. On average, equities analysts predict that Nutanix Inc. will post ($0.97) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tenzing Global Management LLC lifted its holdings in shares of Nutanix by 7.1% during the 1st quarter. Tenzing Global Management LLC now owns 75,000 shares of the technology company’s stock worth $1,408,000 after acquiring an additional 5,000 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of Nutanix by 66.5% during the 1st quarter. Quantbot Technologies LP now owns 14,202 shares of the technology company’s stock worth $266,000 after acquiring an additional 5,673 shares during the last quarter. United Capital Financial Advisers LLC lifted its holdings in shares of Nutanix by 7.1% during the 1st quarter. United Capital Financial Advisers LLC now owns 109,243 shares of the technology company’s stock worth $2,050,000 after acquiring an additional 7,255 shares during the last quarter. Washington Capital Management Inc. lifted its holdings in shares of Nutanix by 66.7% during the 2nd quarter. Washington Capital Management Inc. now owns 20,000 shares of the technology company’s stock worth $403,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Nutanix by 6.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 135,605 shares of the technology company’s stock worth $2,732,000 after acquiring an additional 8,066 shares during the last quarter. 32.20% of the stock is owned by institutional investors.

Several brokerages recently issued reports on NTNX. Piper Jaffray Companies reiterated an “overweight” rating and issued a $28.00 price target on shares of Nutanix in a research note on Thursday, September 14th. Stifel Nicolaus set a $25.00 target price on Nutanix and gave the stock a “hold” rating in a research note on Tuesday, August 15th. Jefferies Group LLC began coverage on Nutanix in a research note on Thursday, August 17th. They set a “buy” rating and a $30.00 target price for the company. Susquehanna Bancshares Inc restated a “neutral” rating and set a $21.00 target price (up from $19.00) on shares of Nutanix in a research note on Sunday, September 3rd. Finally, Bank of America Corporation upped their target price on Nutanix from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $31.05.

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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