King Luther Capital Management Corp reduced its stake in Nutanix, Inc. (NASDAQ:NTNX) by 9.9% in the fourth quarter, selling 55,587 shares to own a total of 506,154 shares valued at $24,138,000. Other large investors also made changes to their positions in NTNX, with 85.25% of shares belonging to institutional investors.
In insider news, COO David Sangster sold 12,545 shares of Nutanix stock at an average price of $63.04, totaling $790,836.80. This sale was part of a pattern of insider selling, with Sangster and Tyler Wall both selling substantial amounts of stock in recent months.
Nutanix’s trading fell 2.1% to $71.86 due to market fluctuations, with the company’s stock experiencing highs and lows over the past year. The company recently released its quarterly earnings data, showing positive earnings per share and revenue figures.
Research analysts have weighed in on Nutanix, with most giving the company a buy rating and raising price targets based on future performance expectations. Overall, analysts believe Nutanix is a promising investment opportunity.
Nutanix, Inc. provides enterprise cloud platforms and infrastructure services in various regions around the world. The company offers a suite of services, including hyperconverged infrastructure software, virtualization solutions, and cloud management tools.
In summary, Nutanix has seen changes in institutional ownership and insider selling, but analysts remain optimistic about the company’s future growth potential. Invest in Nutanix for a promising opportunity in the technology sector.
Article Source
https://www.marketbeat.com/instant-alerts/nasdaq-ntnx-sec-filing-2024-05-22/
