Nutanix Inc. (NASDAQ:NTNX) VP Sells 30000 Shares of Stock

Paterniano Del Favero
Agosto 12, 2017

(NASDAQ:NTNX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Ameriprise Financial Inc. now owns 155,418 shares of the technology company's stock worth $2,916,000 after buying an additional 64,102 shares during the period. Morgan Stanley owned about 0.17% of Nutanix worth $4,682,000 at the end of the most recent reporting period. Vanguard Group Inc. boosted its stake in shares of Nutanix by 65.5% in the first quarter. Raging Capital Management LLC acquired a new position in Nutanix during the first quarter valued at approximately $27,315,000. Norges Bank acquired a new stake in Nutanix during the fourth quarter worth about $930,000. Stifel Financial Corp acquired a new stake in shares of Nutanix during the first quarter valued at about $546,000. Hodges Capital Management Inc. now owns 1,024,790 shares of the technology company's stock worth $19,235,000 after buying an additional 543,450 shares during the last quarter. First American Bank acquired a new position in shares of Nutanix during the second quarter valued at approximately $205,000. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, fourteen have issued a buy recommendation and two have issued a strong buy recommendation on the company.

Nutanix Inc. (NASDAQ:NTNX) has been given a consensus recommendation of "Buy" by the twenty-four analysts that are now covering the stock, Marketbeat.com reports.

Nutanix (NASDAQ NTNX) traded up 3.77% during trading on Monday, hitting $21.48. Nutanix Inc. has a one year low of $14.38 and a one year high of $46.78.

Stock market investors typically have to deal with the risk element when making decisions about specific holdings. The stock has a 50 day moving average of $21.10 and a 200-day moving average of $21.38.

(NTNX) opened at 21.91 on Thursday. The technology company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.45) by $0.32. Nutanix had a negative return on equity of 5,196.17% and a negative net margin of 61.32%. The business had revenue of $191.76 million during the quarter, compared to analyst estimates of $186.56 million. The firm's revenue for the quarter was up 67.2% on a year-over-year basis. On average, equities analysts expect that Nutanix Inc. will post ($1.45) earnings per share for the current year. If you are reading this story on another website, it was illegally copied and republished in violation of USA and worldwide copyright and trademark laws. The original version of this report can be accessed at https://www.themarketsdaily.com/2017/08/11/nutanix-inc-nasdaqntnx-position-boosted-by-washington-capital-management-inc-updated.html.

A number of equities analysts recently commented on NTNX shares. Finally, Oppenheimer Holdings, Inc. reaffirmed an "outperform" rating and set a $34.00 price objective on shares of Nutanix in a research note on Wednesday, July 5th. Finally, BTIG Research reiterated a "neutral" rating on shares of Nutanix in a report on Monday, July 3rd. William Blair reaffirmed an "outperform" rating on shares of Nutanix in a research note on Tuesday, May 2nd. They noted that the move was a valuation call. Goldman Sachs Group, Inc. Piper Jaffray Companies set a $27.00 target price on shares of Nutanix and gave the stock a "buy" rating in a research note on Saturday, May 27th. Nutanix now has an average rating of "Buy" and an average target price of $32.01.

Also, VP Kenneth W. Long III sold 30,000 shares of Nutanix stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $17.16, for a total transaction of $343,200.00. Following the completion of the transaction, the executive vice president now directly owns 116,250 shares of the company's stock, valued at $2,473,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Sangster sold 27,000 shares of the stock in a transaction on Tuesday, May 30th. The average 1 year target price among brokerages that have covered the stock in the last year is $31.84. Insiders have sold a total of 3,563,737 shares of company stock worth $71,765,588 in the last three months. The disclosure for this sale can be found here. Bank of New York Mellon Corp now owns 42,718 shares of the technology company's stock worth $802,000 after buying an additional 10,119 shares during the last quarter.

Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. This number is calculated by dividing a company's earnings before interest, taxes, depreciation and amortization by the company's enterprise value. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.

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