Nutanix, Inc. (NASDAQ:NTNX) CEO Sells $6,709,640.00 in Stock

Nutanix, Inc. (NASDAQ:NTNX) CEO Rajiv Ramaswami sold 95,852 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the transaction, the chief executive officer now directly owns 540,463 shares of the company’s stock, valued at approximately $37,832,410. This trade represents a 15.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Rajiv Ramaswami also recently made the following trade(s):

• On Monday, December 16th, Rajiv Ramaswami sold 63,901 shares of Nutanix stock. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85.

Nutanix Price Performance

NASDAQ NTNX opened at $70.85 on Friday. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $75.80. The business’s 50-day moving average price is $65.21 and its 200 day moving average price is $61.65.

Hedge Funds Weigh In On Nutanix

A number of hedge funds and other institutional investors have recently made changes to their positions in NTNX. Bain Capital Investors LLC purchased a new position in shares of Nutanix during the third quarter worth about $998,601,000. Raymond James Financial Inc. acquired a new stake in Nutanix in the fourth quarter valued at about $86,824,000. Two Sigma Advisers LP lifted its position in Nutanix by 32.8% in the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after purchasing an additional 695,567 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in Nutanix by 5,473.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company’s stock valued at $29,325,000 after purchasing an additional 470,717 shares during the period. Finally, Stephens Investment Management Group LLC lifted its position in Nutanix by 235.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 544,516 shares of the technology company’s stock valued at $33,313,000 after purchasing an additional 382,232 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. UBS Group initiated coverage on Nutanix in a research note on Thursday, December 12th. They issued a “buy” rating and a $81.00 price objective on the stock. Raymond James decreased their price objective on Nutanix from $83.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Needham & Company LLC raised their target price on Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Piper Sandler raised their target price on Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, Oppenheimer initiated coverage on Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price objective for the company. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $79.50.

About 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.