Nutanix Inc (NASDAQ:NTNX) CEO Dheeraj Pandey Sells 9,489 Shares of Stock

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Nutanix Inc (NASDAQ:NTNX) CEO Dheeraj Pandey sold 9,489 shares of Nutanix stock in a transaction on Monday, September 16th. The stock was sold at an average price of $26.71, for a total value of $253,451.19. Following the completion of the sale, the chief executive officer now directly owns 250,975 shares of the company’s stock, valued at approximately $6,703,542.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ:NTNX traded down $0.02 during mid-day trading on Thursday, reaching $26.29. The stock had a trading volume of 420,977 shares, compared to its average volume of 5,168,863. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 1.48. The company has a market cap of $5.06 billion, a P/E ratio of -8.27 and a beta of 1.29. Nutanix Inc has a 1 year low of $17.74 and a 1 year high of $54.68. The business’s 50 day moving average price is $21.85 and its 200 day moving average price is $30.61.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, August 28th. The technology company reported ($0.96) EPS for the quarter, topping analysts’ consensus estimates of ($1.05) by $0.09. The company had revenue of $299.90 million for the quarter, compared to the consensus estimate of $293.49 million. Nutanix had a negative return on equity of 150.86% and a negative net margin of 50.25%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.11) earnings per share. Analysts predict that Nutanix Inc will post -4.28 earnings per share for the current fiscal year.

NTNX has been the subject of several research analyst reports. Susquehanna Bancshares raised Nutanix from a “negative” rating to a “positive” rating and lifted their price objective for the stock from $23.00 to $45.00 in a report on Monday, September 9th. Morgan Stanley cut their price objective on Nutanix from $35.00 to $29.00 and set an “equal weight” rating for the company in a report on Thursday, August 29th. Needham & Company LLC set a $46.00 price objective on Nutanix and gave the stock a “buy” rating in a report on Thursday, August 22nd. KeyCorp cut their price objective on Nutanix from $48.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Finally, Jefferies Financial Group cut their price objective on Nutanix from $49.00 to $40.00 and set a “buy” rating for the company in a report on Friday, May 31st. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $37.31.

Hedge funds and other institutional investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund bought a new stake in Nutanix during the second quarter worth approximately $1,925,000. Wade G W & Inc. increased its stake in Nutanix by 22.0% during the first quarter. Wade G W & Inc. now owns 33,598 shares of the technology company’s stock worth $1,268,000 after acquiring an additional 6,062 shares during the last quarter. First Trust Advisors LP increased its stake in Nutanix by 167.4% during the second quarter. First Trust Advisors LP now owns 1,952,096 shares of the technology company’s stock worth $50,637,000 after acquiring an additional 1,221,956 shares during the last quarter. Janus Henderson Group PLC increased its stake in Nutanix by 174.7% during the first quarter. Janus Henderson Group PLC now owns 24,898 shares of the technology company’s stock worth $940,000 after acquiring an additional 15,834 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Nutanix by 62.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 4,166 shares of the technology company’s stock valued at $107,000 after buying an additional 1,601 shares during the last quarter. 64.76% of the stock is currently owned by institutional investors.

Nutanix Company Profile

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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