Nutanix Inc. (NASDAQ:NTNX) President Sudheesh Nair Vadakkedath sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $22.41, for a total value of $560,250.00. Following the completion of the transaction, the president now directly owns 311,519 shares in the company, valued at $6,981,140.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sudheesh Nair Vadakkedath also recently made the following trade(s):

  • On Monday, October 9th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The shares were sold at an average price of $23.14, for a total value of $578,500.00.
  • On Tuesday, October 10th, Sudheesh Nair Vadakkedath sold 90,000 shares of Nutanix stock. The stock was sold at an average price of $24.48, for a total value of $2,203,200.00.
  • On Monday, September 25th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The stock was sold at an average price of $24.30, for a total value of $607,500.00.
  • On Friday, September 15th, Sudheesh Nair Vadakkedath sold 50,000 shares of Nutanix stock. The shares were sold at an average price of $21.39, for a total value of $1,069,500.00.
  • On Tuesday, September 12th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The shares were sold at an average price of $21.99, for a total value of $549,750.00.
  • On Monday, September 11th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The shares were sold at an average price of $21.82, for a total value of $545,500.00.
  • On Wednesday, September 13th, Sudheesh Nair Vadakkedath sold 75,000 shares of Nutanix stock. The stock was sold at an average price of $21.88, for a total value of $1,641,000.00.

Nutanix Inc. (NASDAQ NTNX) traded up 3.14% during midday trading on Friday, reaching $26.62. The company’s stock had a trading volume of 5,067,182 shares. Nutanix Inc. has a 52 week low of $21.21 and a 52 week high of $34.96. The stock’s market capitalization is $4.12 billion. The firm’s 50-day moving average price is $23.25 and its 200-day moving average price is $23.25.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.05. The company had revenue of $226.10 million for the quarter, compared to analyst estimates of $216.00 million. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The business’s revenue was up 61.7% compared to the same quarter last year. On average, analysts anticipate that Nutanix Inc. will post ($0.94) earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was published by Marea Informative and is the sole property of of Marea Informative. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The legal version of this piece of content can be viewed at http://www.mareainformativa.com/sudheesh-nair-vadakkedath-sells-25000-shares-of-nutanix-inc-ntnx-stock/116674/.

Large investors have recently modified their holdings of the stock. FMR LLC boosted its stake in Nutanix by 320.6% in the 2nd quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock worth $242,686,000 after purchasing an additional 9,180,123 shares during the period. Franklin Resources Inc. acquired a new position in Nutanix in the 2nd quarter worth approximately $55,063,000. Raging Capital Management LLC purchased a new stake in Nutanix in the 1st quarter worth approximately $27,315,000. Vanguard Group Inc. lifted its position in Nutanix by 65.5% in the 1st quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock worth $61,480,000 after buying an additional 1,295,813 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Nutanix by 3,462.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock worth $14,808,000 after buying an additional 714,257 shares in the last quarter. Hedge funds and other institutional investors own 31.48% of the company’s stock.

NTNX has been the subject of several recent research reports. Robert W. Baird reissued a “buy” rating and issued a $28.00 price target on shares of Nutanix in a research report on Friday, September 1st. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $21.00 price target (up from $19.00) on shares of Nutanix in a research report on Sunday, September 3rd. Pacific Crest reaffirmed an “overweight” rating and set a $30.00 target price on shares of Nutanix in a research report on Monday, July 3rd. KeyCorp reiterated a “buy” rating and set a $32.00 price target on shares of Nutanix in a research note on Friday, September 1st. Finally, JMP Securities reiterated an “outperform” rating and set a $35.00 price target on shares of Nutanix in a research note on Sunday, September 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $30.28.

Nutanix Company Profile

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. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.

Insider Buying and Selling by Quarter for Nutanix (NASDAQ:NTNX)

Receive News & Stock Ratings for Nutanix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix Inc. and related stocks with our FREE daily email newsletter.