Rukmini Sivaraman Sells 11,810 Shares of Nutanix, Inc. (NASDAQ:NTNX) Stock

Nutanix, Inc. (NASDAQ:NTNX) CFO Rukmini Sivaraman sold 11,810 shares of Nutanix stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total value of $786,900.30. Following the transaction, the chief financial officer now owns 190,882 shares in the company, valued at approximately $12,718,467.66. The trade was a 5.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Nutanix Trading Down 4.2 %

NASDAQ:NTNX opened at $63.33 on Thursday. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $75.80. The firm has a market cap of $16.97 billion, a PE ratio of -180.94, a price-to-earnings-growth ratio of 10.34 and a beta of 1.13. The stock has a fifty day moving average price of $66.45 and a 200 day moving average price of $59.13.

Hedge Funds Weigh In On Nutanix

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC purchased a new position in Nutanix in the second quarter worth approximately $290,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Nutanix in the second quarter valued at $279,000. Pallas Capital Advisors LLC raised its stake in Nutanix by 121.0% in the second quarter. Pallas Capital Advisors LLC now owns 7,624 shares of the technology company’s stock valued at $433,000 after buying an additional 4,175 shares in the last quarter. &PARTNERS purchased a new stake in Nutanix during the 2nd quarter worth about $545,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Nutanix by 3.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 873,685 shares of the technology company’s stock worth $49,669,000 after acquiring an additional 31,302 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NTNX. Bank of America lifted their price target on Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Oppenheimer initiated coverage on shares of Nutanix in a report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 target price on the stock. Piper Sandler increased their price target on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. UBS Group assumed coverage on shares of Nutanix in a research report on Thursday, December 12th. They set a “buy” rating and a $81.00 price target on the stock. Finally, Needham & Company LLC increased their price objective on Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.47.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.