Nutanix Inc (NASDAQ: NTNX) is 52.65% higher on its value in year-to-date trading and has touched a low of $40.33 and a high of $73.69 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NTNX stock was last observed hovering at around $73.18 in the last trading session, with the day’s loss setting it -0.38%.
Currently trading at $72.80, the stock is 6.43% and 13.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.44 million and changing -0.52% at the moment leaves the stock 21.09% off its SMA200. NTNX registered 76.23% gain for a year compared to 6-month loss of 1.42%. The firm has a 50-day simple moving average (SMA 50) of $63.8978 and a 200-day simple moving average (SMA200) of $60.045673.
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The stock witnessed a 18.20% gain in the last 1 month and extending the period to 3 months gives it a 36.84%, and is 6.20% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.05% over the week and 2.66% over the month.
Nutanix Inc (NTNX) has around 7150 employees, a market worth around $20.12B and $2.15B in sales. Fwd P/E is 38.64. Profit margin for the company is -5.81%. Distance from 52-week low is 80.51% and -1.21% from its 52-week high.
The EPS is expected to grow by 11.26% this year.
Nutanix Inc (NTNX) Top Institutional Holders
663.0 institutions hold shares in Nutanix Inc (NTNX), with institutional investors hold 85.80% of the company’s shares. The shares outstanding are 265.18M, and float is at 249.71M with Short Float at 1.86%. Institutions hold 85.40% of the Float.
The top institutional shareholder in the company is FMR LLC with over 36.57 million shares valued at $2.08 billion. The investor’s holdings represent 14.8809% of the NTNX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 25.26 million shares valued at $1.44 billion to account for 10.2777 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 16.58 million shares representing 6.7454% and valued at over $942.45 million, while GENERATION INVESTMENT MANAGEMENT LLP holds 4.1095 of the shares totaling 10.1 million with a market value of $574.17 million.
Nutanix Inc (NTNX) Insider Activity
The most recent transaction is an insider sale by Sivaraman Rukmini, the company’s Chief Financial Officer. SEC filings show that Sivaraman Rukmini sold 24,316 shares of the company’s common stock on Sep 17 ’24 at a price of $58.85 per share for a total of $1.43 million. Following the sale, the insider now owns 0.19 million shares.
Nutanix Inc disclosed in a document filed with the SEC on Sep 16 ’24 that Sangster David (Chief Operating Officer) sold a total of 11,950 shares of the company’s common stock. The trade occurred on Sep 16 ’24 and was made at $59.83 per share for $0.71 million. Following the transaction, the insider now directly holds 0.12 million shares of the NTNX stock.
Still, SEC filings show that on Sep 17 ’24, RUKMINI N SIVARAMAN (Officer) Proposed Sale 24,316 shares at an average price of $58.85 for $1.43 million. The insider now directly holds shares of Nutanix Inc (NTNX).
