Tyler Wall sells 7,243 shares of Nutanix, Inc. (NASDAQ: NTNX)

Nutanix, Inc. (NASDAQ:NTNX – Get Rating) insider Tyler Wall sold 7,243 shares in a trade that took place on Friday, September 16. The shares were sold at an average price of $22.93, for a total transaction of $166,081.99. Following the completion of the transaction, the insider now directly owns 129,296 shares of the company, valued at $2,964,757.28. The sale was disclosed in a document filed with the SEC, accessible via this hyperlink.

Nutanix Stock Performance

Shares of NASDAQ NTNX rose $0.15 during Monday’s trading, hitting $23.27. 3,631,889 shares of the company were traded, against an average volume of 2,313,844. Nutanix, Inc. has a 12-month low of $13.44 and a 12-month high of $42.69. The company has a fifty-day moving average price of $18.15 and a 200-day moving average price of $20.19. The company has a market capitalization of $5.22 billion, a PE ratio of -6.38 and a beta of 1.37.

Nutanix (NASDAQ:NTNX – Get Rating) last released its quarterly results on Wednesday, August 31. The technology company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.21. The company posted revenue of $385.50 million for the quarter, compared to $356.14 million expected by analysts. In the same quarter of the previous year, the company achieved EPS of ($0.68). The company’s revenue was down 1.3% year-over-year. Research analysts expect Nutanix, Inc. to post -1.5 earnings per share for the current fiscal year.

Changes to analyst ratings

A number of stock analysts have released reports on the stock. Wells Fargo & Company cut its price target on Nutanix stock to $20.00 in a Thursday, May 26 research report. Piper Sandler raised her price target on Nutanix shares from $25.00 to $29.00 in a Thursday, September 1 research note. Needham & Company LLC raised its price target on Nutanix shares from $20.00 to $25.00 and gave the company a “buy” rating in a Thursday, September 1 research note. Susquehanna Bancshares raised its price target on Nutanix shares to $30.00 in a Tuesday, September 6 research note. Finally, Goldman Sachs Group raised its price target on Nutanix shares to $21.00 in a Tuesday, September 6 research note. Five analysts gave the stock a hold rating and seven gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.92.

Institutional entries and exits

Several institutional investors have recently changed their holdings in NTNX. Primecap Management Co. CA increased its stake in Nutanix shares by 46.1% during the 2nd quarter. Primecap Management Co. CA now owns 6,128,885 shares of the technology company worth $89,666,000 after acquiring an additional 1,933,150 shares during the period. Woodline Partners LP increased its stake in Nutanix by 1,643.6% in Q4. Woodline Partners LP now owns 1,478,004 shares of the technology company valued at $47,089,000 after purchasing an additional 1,393,239 shares during the period. Vanguard Group Inc. increased its stake in Nutanix by 5.0% in Q1. Vanguard Group Inc. now owns 23,344,292 shares of the technology company valued at $626,094,000 after purchasing an additional 1,116,856 shares during the period. Wellington Management Group LLP increased its stake in Nutanix by 6,627.1% in Q1. Wellington Management Group LLP now owns 991,370 shares of the technology company valued at $26,589,000 after purchasing an additional 976,633 shares during the period. Finally, Alyeska Investment Group LP increased its stake in Nutanix by 52.3% in the 1st quarter. Alyeska Investment Group LP now owns 2,176,709 shares of the technology company valued at $58,379,000 after purchasing an additional 747,258 shares during the period. Hedge funds and other institutional investors hold 77.48% 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.

Further reading

Insider buying and selling by quarter for Nutanix (NASDAQ:NTNX)

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