Insider Selling: Nutanix, Inc. (NASDAQ:NTNX) CFO Sells 294 Shares of Stock

Nutanix, Inc. (NASDAQ:NTNX) CFO Rukmini Sivaraman sold 294 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $61.55, for a total transaction of $18,095.70. Following the transaction, the chief financial officer now directly owns 190,588 shares in the company, valued at approximately $11,730,691.40. This represents a 0.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Rukmini Sivaraman also recently made the following trade(s):

• On Tuesday, December 17th, Rukmini Sivaraman sold 11,810 shares of Nutanix stock. The stock was sold at an average price of $66.63, for a total value of $786,900.30.

Nutanix Stock Performance

Shares of Nutanix stock opened at $65.86 on Thursday. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $75.80. The stock’s 50 day simple moving average is $66.31 and its 200-day simple moving average is $60.40.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NTNX shares. UBS Group initiated coverage on Nutanix in a research report on Thursday, December 12th. They set a “buy” rating and a $81.00 price target on the stock. Oppenheimer started coverage on Nutanix in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price objective on the stock. 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. Morgan Stanley upped their price objective on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Finally, Piper Sandler increased their price target on shares of Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.47.

Institutional Trading of Nutanix

A number of hedge funds and other institutional investors have recently modified their holdings of NTNX. ORG Wealth Partners LLC purchased a new position in Nutanix during the 3rd quarter valued at about $27,000. Larson Financial Group LLC raised its position in shares of Nutanix by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after acquiring an additional 281 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Nutanix during the 2nd quarter worth approximately $32,000. Advisors Asset Management Inc. boosted its stake in Nutanix by 150.7% in the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after acquiring an additional 321 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Nutanix by 587.7% in the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock valued at $45,000 after purchasing an additional 623 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Company Profile

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.