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

Nutanix, Inc. (NASDAQ:NTNX) CFO Rukmini Sivaraman sold 294 shares of Nutanix stock in a transaction that occurred on Monday, January 13th. The stock was 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 in the company, valued at approximately $11,730,691.40. This trade represents a 0.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 Trading Up 4.5 %

Shares of NTNX stock opened at $65.86 on Thursday. The firm has a 50-day moving average of $66.31 and a 200-day moving average of $60.40. Nutanix, Inc. has a one year low of $43.35 and a one year high of $75.80.

Wall Street Analyst Weigh In

NTNX has been the subject of several recent research reports. Northland Securities reissued a “market perform” rating and issued a $77.00 target price (up from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Piper Sandler upped their price target on Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Oppenheimer began coverage on Nutanix in a report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price objective on the stock. Barclays upped their price target on Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, Needham & Company LLC raised their price target on Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Nutanix has a consensus rating of “Moderate Buy” and a consensus target price of $79.47.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NTNX. Bain Capital Investors LLC bought a new position in Nutanix during the third quarter valued at about $998,601,000. Driehaus Capital Management LLC grew its position in shares of Nutanix by 123.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock valued at $81,593,000 after acquiring an additional 794,215 shares during the period. Two Sigma Advisers LP increased its stake in shares of Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after purchasing an additional 695,567 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Nutanix by 47.5% in the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock worth $84,308,000 after purchasing an additional 477,838 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Nutanix by 15.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock valued at $166,886,000 after buying an additional 374,328 shares during the period. 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.