Nutanix (NASDAQ:NTNX) Stock: Insider Rukmini Sivaraman Sells 232,712 Shares

Nutanix (NASDAQ:NTNX – Get Free Report) CFO Rukmini Sivaraman sold 232,712 shares of the stock in a transaction on Monday, October 12th. The stock was sold at an average price of $74.55, for a total value of $17,348,679.60. Following the transaction, the chief financial officer owned 92,775 shares of the company’s stock, valued at $6,916,376.25. The trade was a 71.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Thursday, September 17th, Rukmini Sivaraman sold 38,139 shares of Nutanix stock. The stock was sold at an average price of $70.00, for a total transaction of $2,669,730.00.

Nutanix Stock Performance

Shares of NASDAQ:NTNX traded down $1.26 during trading on Tuesday, hitting $72.88. 2,235,994 shares of the company were exchanged, compared to its average volume of 3,786,101. Nutanix has a 52-week low of $34.01 and a 52-week high of $75.98. The stock has a 50 day moving average of $67.97 and a 200 day moving average of $54.69. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market cap of $19.72 billion, a PE ratio of 14.12, a P/E/G ratio of 3.70 and a beta of 0.64.

Nutanix (NASDAQ:NTNX – Get Free Report) last posted its earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. The business had revenue of $757.08 million for the quarter, compared to analyst estimates of $738.27 million. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. Nutanix’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 EPS. As a group, equities research analysts predict that Nutanix will post 1.17 EPS for the current year.

Wall Street Analyst Weigh In

NTNX has been the topic of several recent analyst reports. Needham & Company LLC initiated coverage on Nutanix in a report on Monday, September 28th. They issued a “buy” rating and a $90.00 price target on the stock. Wall Street Zen upgraded shares of Nutanix from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. KeyCorp upped their price objective on shares of Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, August 24th. Zacks Research downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Finally, Weiss Ratings upgraded shares of Nutanix from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $73.07.

View Our Latest Analysis on Nutanix

Institutional Investors Weigh In On Nutanix

A number of large investors have recently added to or reduced their stakes in NTNX. Perpetual Ltd increased its position in shares of Nutanix by 11.2% during the 3rd quarter. Perpetual Ltd now owns 7,340 shares of the technology company’s stock valued at $517,000 after purchasing an additional 739 shares during the last quarter. Gallagher Capital Advisors LLC bought a new stake in Nutanix in the 3rd quarter worth approximately $2,175,000. Riversedge Advisors LLC lifted its position in Nutanix by 9.0% in the 3rd quarter. Riversedge Advisors LLC now owns 5,576 shares of the technology company’s stock worth $393,000 after buying an additional 462 shares during the last quarter. Wedmont Private Capital boosted its stake in Nutanix by 11.0% in the third quarter. Wedmont Private Capital now owns 4,602 shares of the technology company’s stock worth $336,000 after buying an additional 457 shares in the last quarter. Finally, LifeGoal Investments LLC purchased a new stake in Nutanix in the third quarter worth approximately $260,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

About Nutanix

(Get Free Report)

Nutanix, Inc develops enterprise cloud software that helps organizations manage applications and data across on-premises infrastructure, public clouds and hybrid multicloud environments. Its platform is designed to simplify the operation of data centers and cloud resources through a unified software experience.

The company’s offerings include hyperconverged infrastructure software, the Nutanix Cloud Infrastructure platform and AHV virtualization. Nutanix also provides services for file and object storage, databases, disaster recovery, Kubernetes and application management, as well as tools that help customers monitor, secure and govern their hybrid and multicloud environments.

Founded in 2009 and headquartered in San Jose, California, Nutanix serves businesses, government organizations and other institutions globally through direct sales and channel partners.

Further Reading

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