Nutanix (NASDAQ:NTNX) CFO Rukmini Sivaraman Sells 38,139 Shares of Stock

Nutanix (NASDAQ:NTNX) CFO Rukmini Sivaraman sold 38,139 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $70.00, for a total value of $2,669,730.00. Following the transaction, the chief financial officer owned 325,487 shares of the company’s stock, valued at approximately $22,784,090. This represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Nutanix Stock Up 1.8%

Shares of NASDAQ:NTNX opened at $69.97 on Friday. The business has a 50-day moving average price of $62.88 and a 200 day moving average price of $50.96. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $18.91 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 3.90 and a beta of 0.62. Nutanix has a 12-month low of $34.01 and a 12-month high of $79.76.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, August 26th. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. The company had revenue of $757.08 million for the quarter, compared to analysts’ expectations of $738.27 million. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. Nutanix’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 earnings per share. Sell-side analysts expect that Nutanix will post 1.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NTNX. Oppenheimer boosted their target price on Nutanix from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutanix in a research note on Wednesday, June 24th. Wall Street Zen upgraded Nutanix from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. The Goldman Sachs Group reissued a “buy” rating on shares of Nutanix in a research note on Thursday, May 28th. Finally, UBS Group set a $85.00 target price on Nutanix in a report on Thursday, August 27th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $72.71.

Hedge Funds Weigh In On Nutanix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership lifted its holdings in Nutanix by 628.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,185,120 shares of the technology company’s stock worth $45,046,000 after buying an additional 1,022,516 shares during the last quarter. BW Gestao de Investimentos Ltda. increased its holdings in shares of Nutanix by 19.1% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 663,074 shares of the technology company’s stock valued at $34,274,000 after acquiring an additional 106,420 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Nutanix by 40.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 112,306 shares of the technology company’s stock worth $5,805,000 after acquiring an additional 32,366 shares in the last quarter. Entropy Technologies LP purchased a new stake in Nutanix during the first quarter worth approximately $2,212,000. Finally, California Public Employees Retirement System boosted its holdings in Nutanix by 7.4% in the first quarter. California Public Employees Retirement System now owns 551,375 shares of the technology company’s stock valued at $20,958,000 after purchasing an additional 38,153 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

About Nutanix

Nutanix, Inc is a cloud computing software company that provides infrastructure and management solutions for enterprise data centers, private clouds, public clouds and hybrid multicloud environments. Its platform is designed to simplify the deployment, operation and management of applications and workloads across on-premises infrastructure and multiple cloud providers.

The company’s offerings include the Nutanix Cloud Infrastructure platform, which combines compute, storage and virtualization capabilities; the Nutanix Cloud Manager suite for monitoring, automation, governance and cost management; and Nutanix Unified Storage.