Aaron Boynton sells 2,886 shares of Nutanix, Inc. (NASDAQ: NTNX)

Nutanix, Inc. (NASDAQ:NTNX – Get Rating) CAO Aaron Boynton sold 2,886 Nutanix shares in a trade that took place on Thursday, June 16. The shares were sold at an average price of $13.97, for a total transaction of $40,317.42. Following the completion of the sale, the chief accounting officer now owns 37,803 shares of the company, valued at $528,107.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ NTNX were up $0.65 in Friday’s midday session, hitting $14.47. 5,621,918 shares of the company were traded, with an average volume of 2,221,450. The stock’s 50-day moving average price is $21.12 and its 200-day moving average price is 25.70 $. The stock has a market capitalization of $3.25 billion, a P/E ratio of -3.11 and a beta of 1.52. Nutanix, Inc. has a 1-year low of $13.44 and a 1-year high of $44.50.

Nutanix (NASDAQ:NTNX – Get Rating) last released its quarterly results on Wednesday, May 25. The technology company reported EPS of $0.05 for the quarter, beating analyst consensus estimates of $0.22 ($0.17). The company posted revenue of $403.70 million for the quarter, versus analyst estimates of $397.90 million. Nutanix revenue for the quarter increased 17.2% year over year. During the same quarter last year, the company posted ($0.87) EPS. Analysts expect Nutanix, Inc. to post an EPS of -2.24 for the current fiscal year.

NTNX has been the subject of several analyst reports. StockNews.com launched coverage on Nutanix shares in a research report on Thursday, March 31. They issued a “hold” rating for the company. Royal Bank of Canada lowered its price target on Nutanix shares from $45.00 to $21.00 in a Thursday, May 26 research report. Wells Fargo & Company lowered its price target on Nutanix stock to $20.00 in a Thursday, May 26 research report. Needham & Company LLC lowered its price target on Nutanix shares from $34.00 to $20.00 and set a “buy” rating for the company in a Thursday, May 26 research report. Finally, JMP Securities lowered its price target on Nutanix shares from $48.00 to $35.00 and set a “market outperformance” rating on the stock in a Thursday, May 26 research note. Six research analysts gave the stock a hold rating and eight gave the company a buy rating. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $30.00.

Several large investors have recently changed their holdings in NTNX. CWM LLC acquired a new position in Nutanix stock during the fourth quarter worth $32,000. IndexIQ Advisors LLC acquired a new position in Nutanix stock during the first quarter worth $33,000. Point72 Hong Kong Ltd acquired a new position in shares of Nutanix during the first quarter worth $35,000. Carroll Investors Inc acquired a new position in Nutanix stock during the fourth quarter worth $42,000. Finally, Loomis Sayles & Co. LP acquired a new position in Nutanix stock during the fourth quarter worth $59,000. Institutional investors hold 70.43% of the company’s shares.

Nutanix Company Profile (Get a rating)

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, Asia-Pacific, the Middle East, Latin America and Africa. The company offers Acropolis converged virtualization, enterprise storage services, and network visualization and security services; Acropolis Hypervisor, an enterprise-grade virtualization solution; Nutanix Karbon for automated deployment and management of Kubernetes clusters to simplify provisioning, operations, and lifecycle management of cloud-native environments; and the Nutanix Clusters solution.

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