Nutanix, Inc. CEO Rajiv Ramaswami sold almost 24,000 shares of Nutanix stock at an average price of $54.19, totaling over $1.2 million. After the transaction, he owns over 400,000 shares worth around $22 million. The company’s stock price opened at $53.42 on Wednesday, with a 50-day average of $62.27 and a 200-day average of $57.91. Nutanix’s stock performance has ranged from $26.47 to $73.69 in the past year.
In terms of institutional trading, various hedge funds have been involved in buying and selling Nutanix shares. Some notable transactions include purchases by HighTower Advisors LLC, DekaBank Deutsche Girozentrale, Prudential PLC, Rafferty Asset Management LLC, and Nordea Investment Management AB. Overall, institutional investors own 85.25% of the company’s stock.
Multiple research analysts have chimed in on Nutanix, with varying ratings and price targets. While some analysts have downgraded the stock, others have raised their price targets, citing factors such as market performance and outlook. The company has received a mix of hold and buy ratings, with an average target price of $72.77 per share.
Nutanix, Inc. offers an enterprise cloud platform across various regions, providing services such as hyperconverged infrastructure, virtualization solutions, networking services, and cloud management tools like Nutanix Kubernetes Engine and Nutanix Cloud Clusters. The company aims to simplify cloud operations and enhance the efficiency of cloud-native environments and applications.
Overall, Nutanix continues to attract attention from investors, analysts, and industry experts due to its innovative cloud solutions and strong market performance. The recent sale of company shares by the CEO indicates a strategic move that could impact the company’s future direction and growth trajectory. As the technology sector evolves, Nutanix remains a key player in the enterprise cloud space with significant potential for expansion and development.
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https://www.defenseworld.net/2024/06/19/nutanix-inc-nasdaqntnx-ceo-rajiv-ramaswami-sells-23986-shares-of-stock.html
