Nutanix, Inc. (NASDAQ:NTNX - Get Free Report) Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now directly owns 45,330 shares of the company's stock, valued at $2,934,210.90. This represents a 11.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
NASDAQ NTNX traded down $0.50 during trading on Monday, hitting $64.57. The company had a trading volume of 887,075 shares, compared to its average volume of 2,622,976. The company's fifty day moving average is $66.44 and its 200-day moving average is $59.32. Nutanix, Inc. has a one year low of $43.35 and a one year high of $75.80. The company has a market cap of $17.30 billion, a price-to-earnings ratio of -184.49, a price-to-earnings-growth ratio of 10.34 and a beta of 1.13.
A number of institutional investors have recently bought and sold shares of the stock. Versor Investments LP raised its position in shares of Nutanix by 211.7% in the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company's stock worth $1,976,000 after acquiring an additional 22,652 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Nutanix by 47.5% during the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company's stock valued at $84,308,000 after buying an additional 477,838 shares in the last quarter. Atreides Management LP purchased a new stake in shares of Nutanix in the 3rd quarter worth about $8,290,000. Resolute Capital Asset Partners LLC bought a new position in shares of Nutanix in the 2nd quarter worth about $2,274,000. Finally, Two Sigma Advisers LP lifted its position in Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company's stock valued at $166,730,000 after acquiring an additional 695,567 shares during the period. 85.25% of the stock is owned by institutional investors.
Several research firms recently weighed in on NTNX. Northland Securities restated a "market perform" rating and issued a $77.00 price objective (up from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Morgan Stanley raised their price objective on Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Royal Bank of Canada upped their target price on Nutanix from $70.00 to $75.00 and gave the stock an "outperform" rating in a research note on Thursday, August 29th. Barclays lifted their price target on shares of Nutanix from $75.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Nutanix from $65.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $79.47.
Get Our Latest Stock Report on Nutanix
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.
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