Nutanix Inc (NTNX) Director John Mcadam Sells 15,000 Shares

Nutanix Inc (NASDAQ:NTNX) Director John Mcadam sold 15,000 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $44.63, for a total value of $669,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

John Mcadam also recently made the following trade(s):

  • On Monday, September 10th, John Mcadam sold 15,000 shares of Nutanix stock. The shares were sold at an average price of $51.46, for a total value of $771,900.00.

NTNX stock traded down $2.33 during trading on Tuesday, hitting $42.63. 2,341,068 shares of the company traded hands, compared to its average volume of 3,503,283. The stock has a market capitalization of $7.73 billion, a PE ratio of -25.22 and a beta of 0.67. Nutanix Inc has a 1 year low of $29.34 and a 1 year high of $64.87. 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 (NASDAQ:NTNX) last issued its earnings results on Tuesday, November 27th. The technology company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.24). The company had revenue of $313.28 million for the quarter, compared to analysts’ expectations of $305.21 million. Nutanix had a negative net margin of 27.65% and a negative return on equity of 94.01%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.16) earnings per share. Analysts anticipate that Nutanix Inc will post -2.19 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. Xact Kapitalforvaltning AB boosted its holdings in Nutanix by 9.6% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 18,200 shares of the technology company’s stock valued at $778,000 after acquiring an additional 1,600 shares during the period. Crawford Lake Capital Management LLC purchased a new stake in Nutanix during the 2nd quarter valued at about $4,688,000. Vident Investment Advisory LLC purchased a new stake in Nutanix during the 2nd quarter valued at about $875,000. Pier Capital LLC boosted its holdings in Nutanix by 40.2% during the 2nd quarter. Pier Capital LLC now owns 127,189 shares of the technology company’s stock valued at $6,559,000 after acquiring an additional 36,454 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Nutanix by 30.1% in the 2nd quarter. Bank of America Corp DE now owns 1,040,066 shares of the technology company’s stock worth $53,637,000 after buying an additional 240,388 shares during the period. Institutional investors own 50.06% of the company’s stock.

Several equities analysts have recently commented on the company. Needham & Company LLC increased their price objective on Nutanix from $71.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, November 28th. They noted that the move was a valuation call. William Blair reiterated an “outperform” rating on shares of Nutanix in a research report on Wednesday, November 28th. Maxim Group reiterated a “buy” rating and set a $72.00 price objective on shares of Nutanix in a research report on Wednesday, November 28th. Stifel Nicolaus reduced their price objective on Nutanix from $64.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, November 28th. Finally, Jefferies Financial Group reduced their price objective on Nutanix to $48.00 and set a “hold” rating on the stock in a research report on Wednesday, November 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have given a buy rating to the company. Nutanix presently has an average rating of “Buy” and a consensus target price of $58.65.

COPYRIGHT VIOLATION NOTICE: This article was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.com-unik.info/2018/12/04/nutanix-inc-ntnx-director-john-mcadam-sells-15000-shares.html.

Nutanix Company Profile

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.

Recommended Story: What are different types of coverage ratios?

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

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

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit