Dissecting the Insider Trading Patterns of Nutanix, Inc. (NTNX)

The brokerage now has a buy rating on the technology company's stock. William Blair also issued estimates for Nutanix's Q2 2019 earnings at ($0.47) EPS, Q3 2019 earnings at ($0.42) EPS and Q4 2019 earnings at ($0.33) EPS.

A number of other equities research analysts have also weighed in on the company.

Nutanix, Inc. (NASDAQ:NTNX) has seen its stock price gain, or, so far in 2017. BTIG Research restated a "hold" rating and set a $22.00 price objective on shares of Nutanix in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. JMP Securities reaffirmed an "outperform" rating and issued a $35.00 price objective on shares of Nutanix in a report on Sunday, September 3rd. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. They set a buy rating and a $27.00 target price for the company.

"We think Nutanix will increasingly pivot away from bundled hardware/software sales and focus on higher gross margin software-only sales", said Matthew Hedberg, a RBC Capital analyst in a report. Nutanix, Inc. (NTNX) now trades with a market capitalization of $4.07 Billion. Given that its average daily volume over the 30 days has been 4.19M shares a day, this signifies a pretty significant change over the norm. The company's market cap is $3.93 billion. The company rocked its 52-Week High of $35.9 and touched its 52-Week Low of $14.38. (NTNX). Moving averages have the ability to be used as a powerful indicator for technical stock analysis.

Shares of Nutanix (NASDAQ:NTNX) opened at 26.66 on Tuesday. The technology company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.45) by $0.32. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%.

Keeping an eyeball on Moving Averages, the 50-day is 22.847; the 200-day is at 22.847, for Nutanix, Inc. According to their observations and findings, the stock could provide a high EPS of $0.21/share and a low EPS of $0.17/share.

Several institutional investors have recently modified their holdings of the stock.

There are 172 institutional holders with active positions, accounting for 48.81 million shares in total. First American Bank purchased a new position in Nutanix in the 2nd quarter worth about $205,000. Public Employees Retirement System of OH raised its position in shares of Nutanix by 6.3% during the 2nd quarter.

TRADEMARK VIOLATION NOTICE: "Nutanix Inc". The shares were sold at an average price of $15.02, for a total transaction of $405,540.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

In other Nutanix news, major shareholder Lightspeed Venture Partners Vi sold 389,068 shares of the firm's stock in a transaction dated Thursday, April 6th. On Tuesday, Nutanix climbed into buy territory, going above a buy point of 24.97, coming out of failed breakout from a flat base. Following the completion of the transaction, the vice president now directly owns 240,234 shares in the company, valued at approximately $5,765,616. The disclosure for this sale can be found here. During last 3 month period, 0.15% of total institutional ownership has changed in the company shares.

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