Stock Upsurging Yielding Gains in Session Nutanix, Inc. (NASDAQ:NTNX)

Session activity on Nutanix, Inc.(NASDAQ:NTNX) stock is placing it on today's most active list. The shares were sold at an average price of $21.82, for a total transaction of $545,500.00. Following the completion of the transaction, the vice president now directly owns 240,234 shares of the company's stock, valued at approximately $5,765,616.

For the Current Quarter, the growth estimate for Nutanix, 27%, while for the Next Quarter the stock growth estimate is 7.1%. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kenneth W. Long III sold 30,000 shares of the firm's stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $19.90, for a total value of $537,300.00.

Shares of Nutanix, Inc. (NASDAQ NTNX) traded up 5.29% on Friday, reaching $24.70.

Insider Trades for Nutanix, Inc. show that the latest trade was made on 18 Sep 2017 where Sangster (David), the Officer completed a transaction type "Sell" in which 5891 shares were traded at a price of $22.39. The company rocked its 52-Week High of $46.78 and touched its 52-Week Low of $14.38.

Nutanix, Inc. (NTNX) has the market capitalization of $3.56 Billion. The company has a 50-day moving average price of $21.91 and a 200-day moving average price of $21.91. (NTNX) opened at 23.46 on Friday. The technology company reported ($0.33) EPS for the quarter, beating 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 to be $-0.26 with next year's EPS projected to be $-0.56. The business's revenue was up 61.7% compared to the same quarter previous year. On average, equities analysts forecast that Nutanix Inc. will post ($0.97) earnings per share for the current fiscal year.


This stock (NTNX) is ahead of its 52-week low with 63.14%. If you are viewing this report on another site, it was copied illegally and republished in violation of US & worldwide copyright & trademark laws.

Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution.

A number of equities research analysts recently commented on the company. William Blair reissued a "buy" rating on shares of Nutanix in a research report on Thursday, August 31st.

On Monday, September 11th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The target implies a -3.75% decrease from where the shares are now trading. Bank of America Corporation reiterated a "buy" rating and issued a $27.00 target price on shares of Nutanix in a research report on Tuesday, May 30th. Analysts set a 12-month price target of $120.11 a share.

Several hedge funds have recently added to or reduced their stakes in NTNX. Short shares grew 1,296,644 over that period. For the quarter, shares have been noted at 26.81%. Sapphire Ventures L.L.C. purchased a new stake in shares of Nutanix in the first quarter worth about $51,506,000. PNC Financial Services Group Inc. acquired a new stake in Nutanix in the second quarter valued at $208,000. FMR LLC increased its stake in Nutanix by 320.6% during the second quarter. Finally, Public Employees Retirement System of OH increased its position in Nutanix by 6.3% in the 2nd quarter. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell.

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