Markets

Nutanix Inc (NTNX) President Sells 40000 Shares of Stock

Nutanix Inc (NTNX) President Sells 40000 Shares of Stock

Nutanix Inc (NASDAQ:NTNX) traded up 0% during mid-day trading on Friday after Bank of America raised their price target on the stock from $45.00 to $60.00. Nutanix now has an average rating of Buy and a consensus target price of $39.96. Maxim Group's price objective would suggest a potential upside of 9.99% from the company's current price. Stifel Nicolaus has "Buy" rating and $52.0 target.

A number of other equities research analysts have also recently weighed in on NTNX. Jefferies maintained the stock with "Buy" rating in Tuesday, October 10 report. Needham initiated the shares of NTNX in report on Wednesday, November 22 with "Buy" rating. They set an "outperform" rating and a $40.00 price target for the company. While, the analyst predicted that the company could provide an EPS of $-0.2/share. 0 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell.

Nutanix, Inc. (NASDAQ:NTNX)'s stock on Friday traded at beginning with a price of $47.99 and when day-trade ended the stock finally edged up 5.99% to reach at $49.10. 6,516,235 shares of the company's stock were exchanged, compared to its average volume of 4,204,653. The Stock has its 52-week High of $51.63 and 52-Week Low of $14.38 and it touched its 52-week high on 03/12/18 and 52-Week Low on 05/01/17. Royal Bank of Canada restated a "buy" rating and set a $43.00 price objective on shares of Nutanix in a research report on Friday, March 2nd.

Nutanix, Inc. (NASDAQ:NTNX) now has a "Buy" signals on Composite indicators by TrendSpotter. Company fiscal year is ending in July and analysts' consensus recommendation is Outperform for NTNX and estimated EPS for next quarter is -2.15. Nutanix had a negative return on equity of 270.61% and a negative net margin of 33.34%. The firm had revenue of $286.70 million during the quarter, compared to analysts' expectations of $283.22 million. During the same period a year ago, the business earned ($0.28) earnings per share. The stock was sold at an average price of $34.35, for a total value of $1,717,500.00. The company has market cap of $7.88 billion. The disclosure for this sale can be found here. Insiders have sold 3,048,918 shares of company stock valued at $113,235,013 over the last quarter.




Several large investors have recently made changes to their positions in the company. Rehmann Capital Advisory Group purchased a new position in Nutanix in the fourth quarter valued at approximately $381,000.

The stock of Neovasc Inc. and Nutanix, Inc. were two of the most active stocks on Friday.

The shares of Neovasc Inc. have decreased by more than -67.88% this year alone. Nutanix Inc (NASDAQ:NTNX)'s price to earnings ratio stood at 0. BlackRock Inc. now owns 5,875,339 shares of the technology company's stock worth $207,282,000 after buying an additional 2,776,194 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Nutanix during the 4th quarter worth approximately $212,000. US Bancorp DE now owns 4,753 shares of the technology company's stock valued at $168,000 after purchasing an additional 4,253 shares in the last quarter. Xact Kapitalforvaltning AB bought a new stake in shares of Nutanix in the fourth quarter worth $229,000. Institutional investors own 44.23% of the company's stock.

WARNING: This report was reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this story on another website, it was illegally copied and reposted in violation of global trademark and copyright legislation. The Company's enterprise cloud platform connects to public cloud services.


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