David Sangster Sells 27000 Shares, Reducing Stake In Nutanix, Inc. (NTNX)

NTES's mean recommendation on Reuter's scale improved from 1.93 thirty days ago to 2.04 now, which indicates a hold consensus from the analyst community. For NTNX, the company now has $115.32 Million of cash on the books.

Nutanix went public at 16 per share on September 30, 2016, raising $238 million. Nutanix, Inc. (NTNX) now trades with a market capitalization of $4.07 Billion. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. They issued a "buy" rating and a $30.00 price target on the stock.

Technical traders may be staring at recent indicator levels on shares of Nutanix, Inc.

A statistical measure of the dispersion of returns (volatility) for NTNX producing salvation in Investors mouth, it has week volatility of 4.38% and for the month booked as 4.49%. The firm's 50-day moving average is $16.67 and its 200-day moving average is $24.67. Over the course of the previous year NTNX has set a 52-week high of $39.90 while the corresponding low set was $14.38.

Nutanix, Inc. (NASDAQ:NTNX)'s stock has performed at -3.58%. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.38) by $0.05. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. Analysts expect next quarter's EPS will be $-0.25 with next year's EPS projected to be $-0.50. The stock go up so far this year; showing a rise of 0.38% and added with positive flow of 16.67% during recent week. Equities analysts predict that Nutanix will post ($0.94) EPS for the current fiscal year. Nutanix also was the target of unusually large options trading activity on Thursday. "(NTNX) Rating Lowered to Buy at Vetr Inc." was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & worldwide trademark & copyright law. The original version of this article can be viewed at https://stocknewstimes.com/2017/10/12/nutanix-inc-ntnx-rating-lowered-to-buy-at-vetr-inc.html. Short shares increased 1,296,644 over that period. David Sangster, EVP reported the sale of 27,000 shares of NTNX stock. The stock was sold at an average price of $21.28, for a total value of $574,560.00. The most recent shifts in number of shares owned by institutions came on June 30, 2017 when Geode Capital Management, Llc sold 28 shares from its total ownership of 2661. The company's a year ago sales total was 166810. Public Employees Retirement System of OH raised its position in shares of Nutanix by 6.3% during the 2nd quarter.

For the Current Quarter, the growth estimate for Nutanix, Inc.is 29.7%, while for the Next Quarter the stock growth estimate is 10.7%. California State Teachers Retirement System raised its position in shares of Nutanix by 107.0% during the 2nd quarter.

The company now has an insider ownership of 0.2 Percent and Institutional ownership of 99.7 Percent.

"While this could take time and isn't without risk, we think the result will be a more predictable and profitable model with a comp group that looks more like software companies, such as Palo Alto Networks ( PANW ), VMware ( VMW ) or Red Hat ( RHT )". Investors purchased 5,407 call options on the company. State Street Corp now owns 547,995 shares of the technology company's stock worth $11,042,000 after purchasing an additional 325,821 shares during the last quarter.

Examining Institutional Ownership at Nutanix, Inc.

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