Nutanix Inc. (NTNX) EVP David Sangster Sells 27000 Shares

Cornelia Mascio
Agosto 16, 2017

The fund owned 288,314 shares of the technology company's stock after buying an additional 173,439 shares during the period. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

On Monday, June 26th, Sunil Potti sold 30,000 shares of Nutanix stock. The shares were sold at an average price of $20.00, for a total transaction of $600,000.00. Following the sale, the vice president now owns 240,234 shares of the company's stock, valued at $5,765,616. The stock was sold at an average price of $18.06, for a total value of $106,373.40.

Hamilton Lane Advisors LLC increased its position in Nutanix Inc. (NTNX) traded down 3.35% on Tuesday, hitting $21.32. For the next financial year, analysts forecast that the company will report sales of $1.03 billion per share, with estimates ranging from $996.73 million to $1.07 billion. Nutanix Inc. The company has a 50 day moving average of $21.31 and a 200 day moving average of $21.05. Higher volume for a stock is also an indicator of higher liquidity in the market. Nutanix has a 12 month low of $14.38 and a 12 month high of $46.78.

Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, May 25th. The technology company reported ($0.77) earnings per share for the quarter, missing analysts' consensus estimates of ($0.45) by $0.32. Nutanix had a negative net margin of 61.32% and a negative return on equity of 5,196.17%. The business had revenue of $191.76 million for the quarter, compared to analyst estimates of $186.56 million. The company's quarterly revenue was up 67.2% compared to the same quarter previous year.

Nutanix, Inc. has a consensus outperform rating from 18 Wall Street analysts, and the number of shares now sold short amount to at least 17.5% of shares outstanding. The legal version of this report can be read at https://transcriptdaily.com/2017/08/16/nutanix-inc-nasdaqntnx-vp-kenneth-w-long-iii-sells-30000-shares-updated-updated-updated.html. "(NTNX) Given Consensus Recommendation of "Buy" by Brokerages" was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & global copyright legislation.

Several equities research analysts have issued reports on the stock. Credit Suisse Group reaffirmed a "buy" rating and set a $38.00 target price on shares of Nutanix in a research note on Friday, July 28th. Maxim Group restated a "buy" rating and issued a $41.00 price objective on shares of Nutanix in a research report on Friday, May 26th. Stifel Nicolaus reaffirmed a "neutral - hold" rating on shares of Nutanix in a research report on Friday, June 30th. Finally, JMP Securities set a $35.00 target price on shares of Nutanix and gave the company a "buy" rating in a report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. (NASDAQ:NTNX) have earned a consensus rating of "Buy" from the twenty-four ratings firms that are covering the company, Marketbeat Ratings reports.

A number of hedge funds have recently added to or reduced their stakes in NTNX. Aberdeen Asset Management PLC UK purchased a new stake in Nutanix during the first quarter worth about $817,000. Inc. bought a new stake in shares of Nutanix during the first quarter valued at about $211,000. Partners Group Holding AG now owns 93,973 shares of the technology company's stock valued at $1,894,000 after buying an additional 44,485 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Nutanix by 3,147.6% in the second quarter. Quantbot Technologies LP now owns 14,202 shares of the technology company's stock worth $266,000 after buying an additional 5,673 shares in the last quarter. State Street Corp now owns 547,995 shares of the technology company's stock valued at $11,042,000 after buying an additional 325,821 shares during the last quarter.

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