David Sangster Sells 7,917 Shares of Nutanix Inc (NTNX) Stock

Nutanix Inc (NASDAQ:NTNX) EVP David Sangster sold 7,917 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $44.64, for a total transaction of $353,414.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

David Sangster also recently made the following trade(s):

  • On Thursday, November 1st, David Sangster sold 7,916 shares of Nutanix stock. The shares were sold at an average price of $42.56, for a total transaction of $336,904.96.
  • On Monday, October 1st, David Sangster sold 7,917 shares of Nutanix stock. The shares were sold at an average price of $43.52, for a total value of $344,547.84.
  • On Tuesday, September 18th, David Sangster sold 8,371 shares of Nutanix stock. The shares were sold at an average price of $49.81, for a total value of $416,959.51.

Shares of NASDAQ NTNX traded down $2.33 during mid-day trading on Tuesday, hitting $42.63. 2,341,068 shares of the company were exchanged, compared to its average volume of 3,503,283. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.76 and a quick ratio of 2.76. Nutanix Inc has a 1-year low of $29.34 and a 1-year high of $64.87. The company has a market cap of $7.73 billion, a PE ratio of -25.22 and a beta of 0.67.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Tuesday, November 27th. The technology company reported ($0.51) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.24). Nutanix had a negative return on equity of 94.01% and a negative net margin of 27.65%. The company had revenue of $313.28 million for the quarter, compared to analyst estimates of $305.21 million. During the same period in the prior year, the business earned ($0.16) earnings per share. Nutanix’s revenue for the quarter was up 13.7% compared to the same quarter last year. Analysts anticipate that Nutanix Inc will post -2.19 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Great Lakes Advisors LLC lifted its holdings in shares of Nutanix by 1.5% during the third quarter. Great Lakes Advisors LLC now owns 69,152 shares of the technology company’s stock worth $2,954,000 after purchasing an additional 998 shares during the period. Belpointe Asset Management LLC lifted its holdings in shares of Nutanix by 172.5% during the third quarter. Belpointe Asset Management LLC now owns 21,401 shares of the technology company’s stock worth $914,000 after purchasing an additional 13,548 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Nutanix by 3.7% during the third quarter. Vanguard Group Inc. now owns 10,774,780 shares of the technology company’s stock worth $460,298,000 after purchasing an additional 387,316 shares during the period. Morgan Stanley lifted its holdings in shares of Nutanix by 8.8% during the third quarter. Morgan Stanley now owns 1,016,710 shares of the technology company’s stock worth $43,435,000 after purchasing an additional 82,456 shares during the period. Finally, Lombard Odier Asset Management USA Corp acquired a new stake in shares of Nutanix during the third quarter worth $1,922,000. 50.06% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on NTNX shares. Raymond James decreased their price objective on Nutanix from $74.00 to $71.00 and set a “buy” rating for the company in a report on Tuesday, September 25th. Needham & Company LLC increased their price objective on Nutanix from $65.00 to $71.00 and gave the company a “buy” rating in a report on Friday, August 31st. Stifel Nicolaus decreased their price objective on Nutanix from $64.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, November 28th. Maxim Group reissued a “buy” rating and issued a $72.00 price objective on shares of Nutanix in a report on Wednesday, November 28th. Finally, Morgan Stanley increased their price objective on Nutanix from $55.00 to $57.00 and gave the company an “equal weight” rating in a report on Friday, August 31st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the company. Nutanix currently has an average rating of “Buy” and an average target price of $58.65.

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About Nutanix

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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