Following the sale, the executive vice president now directly owns 12,500 shares of the company's stock, valued at approximately $454,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
On Monday, February 5th, Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock. The shares were sold at an average price of $30.35, for a total transaction of $1,214,000.00. JPMorgan Chase & Co.'s target price would indicate a potential upside of 10.76% from the company's current price. Also, CEO Dheeraj Pandey sold 71,400 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $28.56, for a total transaction of $1,142,400.00. Nutanix, Inc. (NASDAQ:NTNX) has 0.00% since February 11, 2017 and is. Nutanix Inc has a 52 week low of $14.38 and a 52 week high of $38.80. The stock has a market cap of $5,069.40, a price-to-earnings ratio of -13.06 and a beta of 4.84.
Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Thursday, November 30th. Nutanix had a negative return on equity of 271.31% and a negative net margin of 40.81%. The firm had revenue of $275.60 million during the quarter, compared to analyst estimates of $267.02 million. During the same period past year, the company earned ($0.37) EPS. The company's revenue for the quarter was up 46.1% compared to the same quarter last year. analysts predict that Nutanix Inc will post -1.71 earnings per share for the current fiscal year. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Nutanix during the second quarter valued at about $208,000. Schwab Charles Investment Management Inc. now owns 99,539 shares of the technology company's stock worth $2,006,000 after buying an additional 58,856 shares in the last quarter. US Bancorp DE increased its holdings in Nutanix by 850.6% in the 4th quarter. Finally, Vicus Capital bought a new stake in Nutanix in the 4th quarter worth about $219,000. Inc. now owns 5,250 shares of the technology company's stock worth $118,000 after purchasing an additional 4,000 shares during the last quarter. Legal & General Group Plc lifted its holdings in Nutanix by 3,147.6% during the 2nd quarter. Institutional investors and hedge funds own 34.65% of the company's stock. Fox Run Management L.L.C. bought a new position in Nutanix during the fourth quarter valued at about $212,000.
A number of other research firms also recently commented on NTNX. Raymond James Financial set a $37.00 price objective on shares of Nutanix and gave the stock a "buy" rating in a report on Monday, December 4th. KeyCorp reiterated an "overweight" rating and issued a $42.00 price objective (up previously from $37.00) on shares of Nutanix in a report on Thursday, January 11th. Needham & Company LLC boosted their price objective on Nutanix from $45.00 to $48.00 and gave the company a "buy" rating in a research report on Friday, December 1st. Goldman Sachs Group began coverage on shares of Nutanix in a report on Wednesday. The rating was maintained by Credit Suisse on Friday, May 26 with "Buy". Morgan Stanley boosted their price objective on Nutanix from $22.00 to $35.00 and gave the company a "hold" rating in a research report on Friday, December 1st.
Among 24 analysts covering Nutanix (NTNX), 18 have Buy rating, 2 Sell and 4 Hold. Stifel Nicolaus has "Hold" rating and $35.0 target.
WARNING: This news story was published by Week Herald and is the sole property of of Week Herald. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of USA and global trademark and copyright laws. The Company's cloud operating system converges traditional silos of server, virtualization, storage, and networking into one integrated solution; and unifies private and public cloud into a single software fabric.
Nutanix, Inc., together with its subsidiaries, provides an enterprise cloud operating system in North America, Europe, the Asia-Pacific, the Middle East, Latin America, and Africa.